09/07/2014
CFTC Fines South African Bank Over Prearranged Trades
The CFTC order finds that on several occasions, from June 2009 to August 2011, FirstRand and another foreign-based company entered into prearranged noncompetitive trades
09/07/2014
High Court Freezes Nigerian Tycoon's Bank Accounts Over $32 Million Loan
The bank instituted two separate suits
09/07/2014
Business leader in fraud appraisal
The group was voted in the top 30 companies in Africa in the 2010 Africa-Legatum Awards.
08/27/2014
Skye Bank Plc is facing one of the toughest fraud cases of all time; a whopping N7billion suit preferred against it by one of its clients, Jorotom International Agency Nigeria Limited, National Enquirer reports.
08/25/2014
Two issues arose before the Privy Council. First, the meaning of “lawful business activities” under section 5(2)(d) of the FIAMLA. Secondly, who had the onus of proving the application of the exemptions under section 5(2) of the FIAMLA.
08/25/2014
Kieran Loughran and Veronica Strande of Conyers’ London office advised on the matter, working alongside listing sponsor Cohort Limited.
08/24/2014
This is because sharia compliant banking prohibits earning interest on money, hence Murabaha is the loan facility for Islamic banking.
08/20/2014
Reverse mortgage schemes have already been found to be fraudulent by the High Court in Bloemfontein.
08/19/2014
Goldman had filed a summary judgment application – a request to decide a claim without going to trial
08/15/2014
Automobile dealer delayed a R1.5 billion bond sale 'until further notice'.
08/11/2014
The Nigerian Stock Exchange (NSE) has investigated and indicted 29 stockbroking firms and four stockbrokers for alleged unauthorised sale of their clients’ shares.
08/05/2014
Baker & McKenzie bolsters Jo'burg with competition bolt-on
The hire comes two years after Baker & McKenzie launched in South Africa
08/01/2014
Leading international law firm enters South Africa via alliance
This collaboration will enhance the strength of the two firms’ international offerings, providing clients with immediate access to leading Africa practices with recognised expertise across multiple sectors including Energy & Infrastructure and N
07/21/2014
Beleaguered African Bank has yet another thing to worry about.
07/20/2014
The global law firm Dentons has announced a new association with leading Ghana law firm JLD & MB Legal Consultancy
07/18/2014
In a statement, Bentsi-Enchill said the two firms had “mutually agreed” to terminate their non-exclusive relationship and that the firm would cease to be a member of Dentons’ Africa Group.
07/18/2014
He added: “Also member countries’ business cycle synchronisation in terms of real GDP, inflation, broad money and interest rates remained weak, and their level of institutional preparedness for the monetary union remains inadequate.”
07/16/2014
Case that is likely to re-shape the future of the financial services sector, The Herald Business can reveal.
07/14/2014
Old Mutual imposed large penalties on the clients’ investments and has refused to reverse these, because the advisers were not its agents when they sold the policies.
07/13/2014
South African Hedge fund scam: second ruling
He earned R8.4 million in so-called share profits from the Relative Value Arbitrage Fund (RVAF), which purported to be a hedge fund but was, in fact, a scam.