Managers of Wealth Africa

The worst-case scenario for South Africa’s colluding banks

The case has now been handed to the Competition Tribunal for prosecution

Two SA Banks Commits To Cooperate In Collusion Probe

Both Absa and Investec have committed to working with authorities in their investigation into alleged price fixing.

Time for a black-owned bank

The commission has referred the matter to a tribunal for prosecution.

JPMorgan to HSBC Face Fines in South African Rand-Rigging Probe

It referred the case to an antitrust tribunal, concluding an investigation that began in 2015.

Herbert Smith Freehills invests in competition

Then moving on to first form and then head-up that firm’s competition practice.

How many M&A deals are expected in South Africa in 2017

The report predicts that around 190 M&A deals will be concluded in 2017.

BNP Paribas Escapes Victims’ Suit Over Terrorist Bombings

There was no clear connection between the business the bank did with the sanctioned country in the '00s and the 1998 attacks.

Nigeria not ready for investment of pension assets in infrastructure

We are set to acquire investment that can make societal impact such as in infrastructure.

SEC Charges Two Former Och-Ziff Executives With FCPA Violations

The SEC is seeking monetary penalties against Cohen and Baros among other remedies.

Ex-Sanlam Adviser in Dock for Fraud, Forgery

He appeared in the local magistrate's court there and the case was transferred to Bellville.

Baker Tilly Wins 2016 “Accounting Network Of The Year” Award

The award to the firm was made at the IAB’s 2016 awards ceremony held in London, UK late last year

deVere Group ‘under attack’ in S Africa, says CEO Green

Green stressed that neither deVere Group nor its wealth management arm, deVere Acuma, deals directly with client monies.

FNB embroiled in a fresh scandal

FNB can confirm that an investigation into this matter is under way

Ghana ranked 70th corrupt country, dips 4pts

The lowest in Ghana’s CPI scores since 2012 when CPI scores became comparable.

Jamii Bora Bank sues EY in Sh451m Uchumi shares row

Ernst & Young is accused of failing to disclose critical information that would have informed the prospective investors of the true financial position of the retailer

Global Law Firms Turn to Africa

But as these global firms continue to set up shop in Johannesburg

Mourant Ozannes advises on €186 million investment into AIM-listed Globalworth Real Estate Investment Limited

The number of jurisdictions involved and the complexities of dealing with the Takeover Panel regarding the ultimate interest taken in Globalworth.

Ecobank moves to take over Zamfara’s fund in bank

“Failure to comply with the application for consent makes the order null and void,” he said.

Clifford Chance ME team puts focus on Africa projects

The new arrivals complement the Clifford Chance existing Africa team based in the region, led by Mohamed Hamra-Krouha, Jason Mendens and Andrej Kormuth.

Malawian billionaire smuggles US$8.8m into Botswana in car boot

A total of US$8,886,000 was deposited into one of Khato Civils (PTY) Ltd’s account held by Stanbic Bank Botswana.

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