Managers of Wealth Africa

Ashurst advises lenders on largest-ever UK Export Finance-backed financing in francophone Africa

The project will provide fully-equipped modern healthcare services for a catchment area of more than a million people.

When can the Labour Court make a settlement agreement an order of court?

The agreement also included confidentiality and restraint of trade undertakings.

Group Asks FG to Probe Ex-Bank Director $40m Fraud Allegation

The group thus urged the relevant authorities, including the Economic and Financial Crimes Commission (EFCC) to carry out a holistic investigation in unveiling such a suspicious amount of money.

Bank account details stolen in major insurance hack in South Africa

The breach affected short-term insurance customers whose debit orders are processed via brokers who use or have used the Qsure service, dating back to 2014.

These are the banking scams you should look out for in South Africa right now – with fraud on the rise

Somewhat more concerning is the slight increase in those who claim to have been victims of fraud, up from 30% in 2020 to 32% in 2021, they said.

New judgment highlights importance of text, context and purpose in interpreting contracts

The SCA highlighted that an issue that has long troubled courts is how to marry the expansive approach to interpretation adopted in the Endumeni case with the parol evidence rule, which remains an important principle and part of South African law.

Court rules on validity and enforceability of time limitation clauses

In the case, MEC Dept of Transport KZN v Raubex KZN (Pty) Ltd and another, the Department of Transport for KwaZulu-Nata and construction company Raubex agreed a contract for routine road maintenance.

Hogan Lovells hosts third leg of Business Leaders Series to foster dialogue with decision makers on opportunities in North Africa

The North Africa event will be led by core members of Hogan Lovells Africa practice and feature leading private sector players and investors to discuss the latest industry and economic developments.

Bob Diamond’s Atlas Mara faces High Court battle over bank deal

The case comes as Atlas Mara continues to retreat from Africa

Capitec and Absa say 'fake billionaire' lied about partnerships

Last week, TV personality Somizi Mhlongo featured Lamba on an Instagram broadcast, with the latter making an offer to Mhlongo's followers to buy shares in his new company at a "special" price.

Transferring Bitcoin from Luno to overseas exchanges is a crime

The document goes on to warn that breaking these regulations is a criminal offence.

SA Crypto firm AfriCrypt allegedly defrauds investors of over R54bn; founders flee to UK

FNB risk spokesperson Nadiah Maharaj spoke to Business Report and refused to acknowledge any relationship with the fraud-accused company.

FNB Denies Involvement in $3.6-Billion Cryptocurrency Scam

“We regret to inform you that due to the recent breach in our system, client accounts, client wallets and nodes were all compromised,” a statement from the Cajee brothers read.

Eversheds Sutherland combines with FCB in Portugal, Angola and Mozambique

70+ strong legal practice joins Eversheds Sutherland’s Europe team

Fed-up South Africans are taking more municipalities to court over failed service delivery

Mboweni added that there are now similar court applications which Treasury is dealing with across South Africa, with at least six other municipalities facing calls for intervention.

Brian Shivambu Admits Profiting in South African Bank Scandal

Between 2015 and 2018, VBS Bank, which had several municipalities investing its money in it, was at the centre of the biggest banking "heist" in the country's history with over U.S.$136 million looted from its coffers.

Mauritius: roadmap to enforcing claims against offshore companies

These offshore companies fall into two categories, namely ”global business companies” (GBCs) that carry out certain activities (mostly financial services or investment holding businesses) principally from Mauritius but with non-residents, and

Carey Olsen successful in first ever derivative claim brought on behalf of a Liberian company in the British Virgin Islands

Carey Olsen acted for the successful Claimant.

Clyde & Co advises Premier Solar Group on East Africa joint venture with West African energy firm

Clyde & Co acted as sole legal adviser to Premier Solar Group on various aspects of the matter

Appleby Acts as Seychelles, Cayman Islands and Jersey Counsel for Allied Gold Corp’s USD80 Million Acquisition of Agbaou Mine from Endeavour Mining

Endeavour Mining is one of the world’s top ten senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration a

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