Managers of Wealth Africa

African Bank: A Story Of Laws And Lending In South Africa

African Bank is primarily known these days for its unceremonious collapse

a recap of the REIT provisions and the latest amendments thereto by Toinette Beckert, ENS

The provisions in the Income Tax Act No. 58 of 1962 (“the Act”) pertaining to the taxation of Real Estate Investment Trusts (“REITs”) are contained in section 25BB and were introduced into the Act with effect from 1 April 2013.

Zambia to host inaugural IBA women business lawyers’ event in Africa

Zambia is to host the first International Bar Association (IBA) Legal Practice Division (LPD) Women Business Lawyers Initiative programme to be held in Africa

Court drops Ghana labour unions charges against BoG

Mr Justice Yeboah said it would be an abuse of the court process

Italian Accused of Defrauding Zenith Bank Bailed

The Italian was arraigned before the court by the police on a five-count charge of advanced fee fraud, forgery and altering of documents by lawyers from the Special Fraud Unit of the Nigerian Police.

Libya fund tries to unmask ‘Person B’ in SocGen bribery case

Judge Henry Eder adjourned arguments about whether the names should be revealed

Global law Firm Expands Its Presence in Africa, Opening Johannesburg Office

The Firm is the First Global Firm to Achieve Level 1 Broad-Based Black Economic Empowerment (B-BBEE) Status

Baker seeks pioneer advantage through Kenya presence

Baker & McKenzie is predicting interesting activity levels in Kenya and is trying to open there before several other law firms do.

Investec, Stanlib oppose changes to SA banking law

It would also allow the creation of “super senior” priority investors to help bail out floundering banks

Italian in court for defrauding Zenith Bank N700m

Ezima told the court that the alleged offences contravene section 8 (a) of the Advance Fee Fraud

Africa losing billions from fraud and tax avoidance

First African initiative to address illicit outflows says governments, multinationals and crime deprive poor countries of crucial services

Kenya: State Halts Mwalimu Sacco Bid to Acquire Equatorial Commercial Bank, Orders Inquiry

Mwalimu National Sacco's bid to acquire Equatorial Commercial Bank was halted on Tuesday pending a probe into the deal.

Seychelles is ‘open to assist’ Sri Lanka with Rajapaksa money-laundering investigation

The government of Seychelles has said it will assist with all formal requests for an investigation into the assets of Sri Lanka’s former president.

Ecobank to appeal $15m ruling

The Commercial Court of Abidjan ruled on 15th January 2015 that Dr Daniel Matjila, a director of ETI and Chief Executive Officer of Public Investment Corporation of South Africa (PIC)), along with PIC and ETI are jointly liable for defamation against Thie

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