Managers of Wealth Africa

Another international giant quits South Africa

The South African business will become an independent law firm on March 31st 2026, following a structured transition.

Cybersecurity Bill aims to protect, not restrict free expression – Mahama

He said the bills before Parliament were not meant to restrict expression but to safeguard citizens and uphold truth in the digital realm.

Alleged N9.5b debt: Court restrains banks from dealing with Indian businessman, firms

Goswami and his firms are alleged to be indebted to First City Monument Bank (FCMB), Union Bank Plc, and United Capital Trustees Limited.

South Africa’s most valuable bank in serious trouble

FirstRand appealed this ruling to the UK Supreme Court, arguing that motor dealers should not owe fiduciary duties to consumers and that its past practices were compliant with then-existing laws.

Lotus Sues 45 Banks Over N1.3bn Lost To System Failure

The bank further claimed that during the period of system failure, 718 customers successfully executed withdrawals and transfers, despite knowing that they did not have sufficient funds in their accounts with the bank.

SARS nails one taxpayer for R46 million

The Tax Court agreed with SARS

SA Banks Complicit in Enabling Organised Crime

Yet it was largely dismissed as a procedural hurdle for an otherwise sophisticated and highly regarded system.

Fidelity guarantee fund ordered to pay RAF claimant, after attorneys stole payout

Fund received 116 claims against Chueu Attorneys valued at R82.7m. SCA says the firm handled 6 000 files with an estimated R6.2bn gross value before its demise.

Woolworths fraud warning

Criminals often disguise themselves as banks or retailers and contact customers with urgent messages.

Court orders six banks to submit Sowore’s account details to IG

The Federal High Court in Abuja on Tuesday ordered six banks to provide the Inspector-General of Police with account documents and full transaction details, including inflows and outflows, linked to Omoyele Sowore from January 2024 to date. Justice Emeka

BudgIT calls out ministry, budget office for violating fiscal transparency law

BIRs reports are expected to detail the implementation of the annual budget and offer critical insights into government spending and the delivery of public goods and services.

Big storm brewing over new laws for South Africa

This is specifically related to the admissions policies contained in the laws, which have been a highly controversial aspect of the entire BELA process.

Beige Bank: Dame challenges Ayine over GHS10m settlement claim

However, in a strongly worded response on Tuesday, July 29, Mr. Dame questioned the validity of the claim and demanded documentation to back it.

Bad day in home foreclosure court for Nedbank and its lawyers

Lawyers referred to Legal Practice Council for misleading the court.

High Court of South Africa develops common law to address jurisdiction over foreign entities

This judgment marks a significant development in South African common law

Two new laws coming for South Africa

The Minister of Justice and Constitutional Development, Mmamoloko Kubayi, has introduced the International Co-operation in Criminal Matters Amendment Bill to parliament.

EFCC secures conviction of five Internet fraudsters in Kwara

They were arraigned on separate charges before the courts by the EFCC.

Court orders forfeiture of assets linked to bank fraud

The judge gave the order in an application filed by the Economic and Financial Crimes Commission (EFCC).

N17.8bn debt: Court freezes Afex commodities’ bank accounts

The court restrained the banks listed as garnishees from tampering with, transferring, or placing any encumbrance on the affected accounts, all of which are linked to Afex’s Bank Verification Numbers.

Serious implications for anyone trading bitcoin and other crypto assets in South Africa

The client in question had engaged in a significant number of cryptocurrency transactions prior to its liquidation, acquiring bitcoin on local exchanges and transferring it to foreign exchanges.