Managers of Wealth Africa

After Luanda Leaks, a billionaire’s empire falls, but her enablers carry on

While Isabel dos Santos and her advisers face multiple investigations, accountability for the offshore industry remains elusive.

VBS Bank liquidators take a scalp in the form of Firmanox

Firmanox’s ‘far-fetched’ story to dodge R24m owed to the bank didn’t pass muster with the court.

Blown the budget on a Ferrari? Bad news… it’s just a car

The trade mark Testarossa is registered in the EU for a broad specification of goods, covering motor cars and motor car parts.

Absa data leak: Employee provided client info to third parties

The bank did not immediately say what type of information was handed over.

Old Mutual becomes latest insurer to lose a Covid-19 case in court

Costs were awarded against Old Mutual.

Warning over rise in fraudulent credit applications in South Africa

Snyman said that there is a very real need for businesses to become more aware of the prevalence of fraud, and to act when they become aware of fraudulent activity.

South African fraudster jailed for seven years

After he scammed clients out of more than ZAR12m over a six-year period

Fifa orders Kenyan team to pay ex-player $18,000 over contract breach

Fifa ordered the club to pay the amount within 45 days failure to which they risk a transfer ban over three windows.

High court lifts freeze on SportPesa’s bank accounts

The taxman on August 20 issued preservation notices to Pevans’ bankers, invoking the Tax Procedures Act (TPA) that allows it to make such a move if it believes tax collection is being frustrated.

Appleby Shortlisted for Mauritius Law Firm of the Year

The awards reflect notable achievements for work carried out over the past 12 months.

Appleby Shortlisted For Mauritius Law Firm Of The Year

Chambers and Partners is an independent research company operating across 200 jurisdictions delivering detailed rankings and insight into the world’s leading lawyers.

The Sentry: African Conflict Gold is Being Laundered in Dubai

The vast majority of such gold is first sold in the famous Dubai Gold Souk

Banks spared headache of tracing billions tied to new money transfer fees

The court heard that it was unconstitutional to impose excise duty from July 1, 2018 when the legislation imposing that excise duty had not been passed.

Landmark Supreme Court victory in Zambia: collecting millions in tax revenues and sending a message across borders

The judgement hinged on Zambia making a technical case showing evidence of tax avoidance through base erosion and profit shifting or BEPS strategies.

South African corruption probe ensnares ruling party heavyweight

News of the arrest warrant brings the struggle between Messrs.

Ghana introduces Cybersecurity Act

She also said that the Ghana Police Service together with telecommunication industry and the Internet Watch Foundation, would also ensure the proper handling of online crime.

Popia holds no fear for South African organisations

It obliges them to take responsibility for it, and to use it only as needed, with heavy penalties for any breaches.

FinCEN Files reporting from North Africa and the Middle East

ICIJ partners investigated suspicious transactions linked to oil and gas companies, a doping and bribery scheme, Iran sanctions evasions and more.

South Africa’s Tech Company Dimension Data Sued Over Racism

Basically Dimension Data has also invested massively in Automotive, Education, Healthcare, Finance Banking and Insurance, Mining, Retail, and manufacturing.

After legal fight with ex-CEO, Old Mutual refreshes its strategy

Part of that plan involves selling a broader array of financial services to Old Mutual’s six million customers in South Africa, where it makes 80% of its earnings, Bloomberg reported.

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