Managers of Wealth Africa

How Fani-Kayode Violated Money Laundering Law - EFCC Witness

The witness pointed out to the court three credits totalling N840m were transferred from the account of Joint Trust Dimensions Limited, the fourth defendant in the suit.

Bank of Baroda cries foul as cash frozen in South Africa

The case is related to a state-owned farm in the Free State leased to Gupta-linked company Estina (Pty) Ltd. in 2012.

Anti-money laundering laws expose our financial sector’s soft underbelly

As Kenya positions itself as a regional financial hub, there is counter pressure to ensure there are strict and effective regulations to curb laundering of illicit funds

M&A Value in Africa’s Energy Sector to Hit $4.5b in 2018

Head of the Energy, Mining and Infrastructure Sector Group at Baker McKenzie, Mr Kieran Whyte, disclosed that in Africa, greenfield investment continued in the energy sector, particularly in renewables, which was forecast to grow in coming years.

Zimbabwe: 'Just Give Us Our Benefits, ' Mugabe Tells Mnangagwa

The benefits were laid out in an official government notice published by Mnangagwa in December.

South African Fund Manager Puts Up Bounty in Hunt for the Guptas

She’s also pledged 200,000 rand to the first Gupta bodyguard who calls the authorities to reveal his location

Atul Gupta challenges asset freeze

Gupta brother confirms he is outside South Africa.

South Africa's Zuma crisis: Gupta home raided by police

His links to the Guptas are one of the reasons he is being forced to resign.

Bank of Baroda To Exit South Africa, Confirms Country’s Central Bank

The Bank of Baroda has notified the Office of the Registrar of Banks of its exit from South Africa. The Registrar, which is part of the South African Reserve Bank (SARB), is in discussions with the Bank of Baroda to ensure its orderly withdrawal from Sout

BoG believes deposit insurance will curb ‘scams’

According to the Governor, the central bank wants to see a country that is economically diversified and having a financial sector that assists in structural transformation.

Nigerians and UK’s Unexplained Wealth Orders

Sceptics may suggest that the UK Government is looking for how to fund the bill for its Brexit divorce from the European Union or to finance its budget deficit.

Criminal charges laid against Molefe over pension payout fiasco

Molefe was ordered to pay back the R11m he has already received.

Steinhoff reports former CEO to South African police

Jooste, who oversaw the company’s rapid expansion over almost two decades, resigned on Dec. 5 as the accounting scandal broke.

Capitec a possible victim of SA’s trust deficit

Viceroy’s report into Capitec arrives at the high point of governance and audit scepticism

More banks named in forex collusion case

This comes following an investigation by the commission which started in April 2015 and was concluded early in 2017

Female Deputy Director Convicted For Pension Fraud

The convict pleaded guilty to the two court charge prefferred against her when she was re-arraigned .

South African Union, Pension Fund Join Forces Over Steinhoff

"The Public Investment Corporation is considering several options to ensure that its clients' interests in Steinhoff are secured,"

Bank denies claims of negligence in suspected fraud

It is alleged the company had promised massive growth rates on investments into metals used in various products, the metals housed supposedly in Dubai.

Prosecutors allege wrongdoing by Gupta family in growing South African corruption scandal

A court in Free State province, where the farm is located, has authorized prosecutors to freeze the farm's assets and the bank accounts that received the $20-million.

Carey Olsen advises Bushveld

The US$12.3 million acquisition, which completed on 21 December 2017, gives Bushveld ownership of 100% of the issued share capital of Vametco – a significant player in the global vanadium market.

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