Managers of Wealth Africa

Offshore Trusts: The basic considerations and recent amendments

The increased transparency and the fact that information is more readily available will focus the attention of revenue authorities around the world on these structures.

Zambia Central Bank Opposes Removal of Lawmakers’ Debt Oversight

The planned constitutional changes have drawn widespread criticism from opposition parties and non-governmental organizations, including the Law Association of Zambia.

Pensioners' showdown with state capture 'architect'

Regiments is the financial services company where Wood was a director before a fallout with his co-directors over the terms of his departure to Trillian, a successor company set up by Gupta lieutenant Salim Essa.

Old Mutual, Manuel directors’ delinquency lawsuit: Has Peter Moyo gone too far?

The tussle between Moyo and the board has knocked the Old Mutual share price.

All-star Kenyan team and ENSafrica extending their reach across Africa

This move will expand both firms’ offering in East Africa, across the continent itself, and will open up the Asia-pacific gateway giving clients a new level of service across Africa.

Why South African law on directors’ delinquency is open to abuse

A gross abuse would be if a director exploits company information or takes a business opportunity that should have been given to his company.

Jail time, massive fine for businessmen caught in SARS crackdown

Davids reached a plea agreement with the state, and was sentenced to 15 years imprisonment, of which six are conditionally suspended.

Gugulethu entrepreneurs issue new summons against Nedbank

At both these events, Nedbank representatives who sat as judges requested technical information from the entrepreneurs about their invention, and allegedly expressed interest in acquiring the product.

'Old Mutual is in contempt of court,' says Peter Moyo's lawyer

After the Johannesburg High Court ordered Moyo be reinstated to his position as Old Mutual CEO with immediate effect, the insurer fired him again last week.

GIPF CEO to engage Office of the Prosecutor General

The Fund will further engage with its members and other stakeholders on this matter,” read the statement issued by the office of the CEO at GIPF.

Liberia ex-central bank staff plead not guilty to corruption

What exactly happened to the money remains unclear

Bobroffs: Former lawyers lose millions

The Bobroffs fled the country in 2016 before they could be arrested on charges of fraud, theft and offences under the VAT Act.

US names Nigerians in massive fraud investigation

The US authorities have charged 80 people, "most of whom are Nigerian nationals", with participating in a conspiracy to steal millions of dollars, prosecutors say.

First of its kind: FBI arrests scores of Nigerians for wire fraud, BEC scams

Six other defendants are believed to be fugitives in the U.S. and the others are abroad, mostly in Nigeria.

Israeli tycoon faces trial in Switzerland on corruption charges

The prosecutor’s office said last week that the charges include the corruption of foreign officials and falsifying documents.

uniCredit sues BoG over revocation of licenses

The BoG report also said uniCredit’s adjusted capital adequacy ratio of negative 97.83% as of the end of May 2019 was in violation of Section 29(2) of Act 930.

Zimbabwe ex-Vice-President Phelekezela Mphoko in court for corruption

On Tuesday, his lawyer Zibusiso Ncube said the former vice-president feared being detained and poisoned and called the claims that he was on the run “sensationalist”.

South Africa sees new direction for Hogan Lovells

The firm recently saw former head of mining Warren Beech, leave to join Eversheds Sutherland with his team

Andersen Global Enters Zimbabwe

Zenas was founded in 2015 and now has a team of 11 professionals who provide legal services to individuals, organizations, institutions and corporations.

Regulation on foreign investments flouts the rule of law

Finance minister exceeded his powers with subregulation in Pension Funds Act

Legal