Managers of Wealth Africa

Gold Leaf fails in court bid over Sasfin bank statements for Sars probe

The required documents are irrelevant for the application by the owner of the RG cigarette brand, judge rules

How the new NHIF laws will affect Kenyans

The national and county governments will pay contributions for needy Kenyans.

Telecoms operators may sue banks over N120b USSD debt

Adebayo, however, warned that if the matter is not resolved promptly, withdrawal of services would be inevitable.

New laws to restrict the hiring of foreign workers in South Africa – with R100,000 fines on the table

The proposed Employment Services Amendment Bill, 2021 introduced last year in the National Assembly flows from a proposed National Labour Migration Policy introduced by the Minister of Employment and Labour.

Absa and Pityana both see victory in court decision

The case stems from accusations of sexual harassment against Pityana by an employee while he was serving as chairman of AngloGold Ashanti, a charge he has steadfastly denied.

Mozambique Scandal Spells Further Trouble for UBS

Last week, the UK Supreme Court allowed the trial to proceed, in which the African country is seeking around $1.5 billion in damages.

Court extends orders freezing accounts of two air charter service firms

Mr Obure, who is also charged with murdering businessman Kelvin Omwenga, is the representative of the two companies.

Old Mutual’s 4-year legal battle against its former CEO finally comes to an end

Moyo and his partners thus shared R84 million, while omitting to pay preference share dividends, valued at R65.4 million at the time, due to Old Mutual

FBN Holdings AGM : Shareholder seeks to join suit, asks court to set aside Interim Order

Justice Akintayo Aluko that the interim order was fraudulently obtained by suppression of facts which if disclosed to the court, the court would have refused granting the application.

State to legalise phone, email tapping in dirty cash fight

The new clause touches on five laws that are being amended through the Bill.

Court restrains FBN Holdings from holding AGM, issues contempt notice

The court also warned FBN Holdings Plc of the consequences of disobedience to the court order.

FNB warns of serious financial crime – how not to become a victim

A money mule is an individual who is recruited by criminals to allow for the movement of unlawfully-acquired funds through their personal bank account.

IMF vets Kenya’s new money laundering Bill

Anti-money laundering is a key pillar in IMF-Kenya program

SARS knows everything about your bank account

SARS identified deposits received by the taxpayer into his Investec and Nedbank bank accounts, as well as payments received from FX Africa.

Ecobank Nigeria plans to appeal the court judgment of N72 billion in Honeywell’s case

According to the bank, the instant suit was an action filed in 2018

South Africa and Germany seek to develop green hydrogen links

A joint declaration of intent concerning green hydrogen was signed recently by Kgosientsho Ramokgopa, South Africa’s minister of electricity, and Robert Habeck, Germany’s minister of economic affairs and climate action.

Court deals State another blow in Sh210 billion tax fight

Treasury Cabinet Secretary Njuguna Ndung’u had submitted that suspending the new tax law would lead to a shutdown of government operations.

StanChart escalates 30-year fight with Galot

The loan was converted to local currency in 1986.

Supreme Court's Daniel Arap Moi land ruling sends banks, buyers into a panic

The country’s apex court in April said not even the passage of over 30 years could stop grabbed public land that had undergone multiple successions in private hands reverting back to the public.

Further South African electricity initiatives must follow Mozambique deal

Business Live reported that an unnamed mining company is behind the deal, acting as a private off-taker in the arrangements.

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