03/31/2017
Court dismisses Sahara Computers' filing against Gordhan
They did not accept Sahara's last-minute application arguing that he should have private representation.
Legal
03/31/2017
Taiwan wins over $200 million in legal claims against African states
The first case is pending and the other two Eximbank won.
03/31/2017
Judgment on Vardospan court battle expected
Habib Bank holds a full banking licence granted by the South African Reserve Bank
03/30/2017
US judge lets Standard Bank off the hook
US district judge also dismissed claims against German chemical giant BASF, Switzerland’s UBS Group and the London Platinum and Palladium Fixing Company
03/30/2017
Capitalising on South Africa’s projected growth
It is a timely moment to be expanding financial services offerings in South Africa.
03/29/2017
Exchange control relaxations for fund managers? by Magda Snyckers
The first statement in the Budget Review entitled “Tax treatment of foreign member funds” reads as follows:
03/29/2017
Appleby Ranked in Band 1 in Mauritius
Gilbert Noel was one of only two lawyers to be ranked in Band 2 in the same category.
03/29/2017
South Africa's Trade Ministry Signs MoU On Cooperation With Bank of China
The MOU will enable both parties to treat each other as a preferred partner and share information on investment opportunities.
03/28/2017
Pravin Gordhan heading to court
Finance Minister Pravin Gordhan is heading to the court this morning in an effort to validate his choice to stay out of the Gupta family's battle with South African banks.
03/28/2017
Nigerian Senate chief named in fresh financial scandal
The Senate president on Monday denied involvement in the scandal which his spokesman said was meant to disparage him.
03/24/2017
8bn Mutilated Currency Scam: Two Bankers Bag 18 years Jail term
The convicts who were the 4th and 5th defendants amongst other former bankers standing trial in the ongoing CBN N8bn currency mutilation scam opted for a plea bargain hence, they were convicted accordingly.
03/23/2017
Reserve Bank in favour of highly concentrated banking system
The creation of a dedicated market conduct regulator under the twin peaks model of financial regulation would strengthen the regulation of market conduct.
03/20/2017
Wealthy scramble for EB-5 investor visas before Trump closes US gate
The US government is looking at raising the minimum investment amount to $1.35m, notes Wolfsdorf.
03/17/2017
Banking fraud unit takes up Sh 9 billion TSS scandal
They are having police file containing the statements and that is why I cannot supply the defence with the statements.
03/16/2017
Viewpoint: International Banks Targeted for Prosecution in South Africa
Scandal involving currency fixing and lending practices contributes to uncertainties amid recession and worsening economic crises
03/15/2017
ICPC Arraigns Ex-banker For N78.5m Fraud
The alleged offence is punishable under Section 15 (3) of the same Act. Counsel to ICPC
03/14/2017
What to expect from the hearings on financial services
Chairman Yunus Carrim acknowledges progress since 1994, but calls for ‘more effective transformation consistent with the country’s needs"
03/12/2017
Bribery scandal: Ajumogobia was a high networth customer, bank official tells court
During further cross-examination by Ajumogobia’s counsel, Olawale Akoni, the witness told the court that the maximum amount expected to be paid into a dollar account per day was $10, 000
03/10/2017
Court orders Interfin to pay Shah US$26m
Closed Interfin Bank Ltd will have to fork out US$26 million to controversial businessman Jayesh Shah’s Al Shams Global BVI Ltd.
03/08/2017
Details emerge in SME Bank scandal
Within two months, withdrawals amounting to some N$69,8 million were made in the period between October 13 and November 8, 2016.