http://africa.managersofwealth.com/ Mon, 16 May 2022 05:22:46 BST part of MediaG8way Group http://africa.managersofwealth.com/ http://africa.managersofwealth.com/assets/images/logo.png KohanaPHP News Team Sunday, May 08, 2022 1:00 am http://africa.managersofwealth.com/article/33933/when-is-enough-enough Society encourages us to endlessly strive for ‘more’ – whether that’s money, recognition or to be seen as successful. Wealth and Asset Management News Aggregation Team Friday, May 06, 2022 1:00 am http://africa.managersofwealth.com/article/33932/wealthy-south-africans-are-leaving-in-droves Data shows approximately 4 500 HNWIs have left South Africa over the past decade. Wealth and Asset Management News Aggregation Team Friday, April 29, 2022 1:00 am http://africa.managersofwealth.com/article/33886/namibia-third-wealthiest-in-africa-per-capita "The delta in new wealth creation has been strongest in countries such as Mauritius and Rwanda." Wealth and Asset Management News Team Tuesday, April 26, 2022 1:00 am http://africa.managersofwealth.com/article/33865/emea-perspectives-from-secular-stagnation-to-stagflation Our sector preferences for energy and materials serve as a hedge to stagflationary forces Wealth and Asset Management News Aggregation Team Monday, April 18, 2022 1:00 am http://africa.managersofwealth.com/article/33795/bank-accounts-for-south-africaamprsquos-wealthy-ampndash-what-they-offer The qualifying income for a prospective cardholder is no less than R2.5 million annually, which is equivalent to a monthly salary of just over R208,000. Wealth and Asset Management News Aggregation Team Monday, April 11, 2022 1:00 am http://africa.managersofwealth.com/article/33756/firstrand-aims-to-redefine-private-banking-by-upskilling-personnel Institutions want their private bankers to incorporate the roles of bespoke financial advisers Wealth and Asset Management News Aggregation Team Friday, April 08, 2022 1:00 am http://africa.managersofwealth.com/article/33746/nedbank-takes-private-wealth-to-north-and-coast “We want someone in Walvis Bay, Swakopmund or Oshakati to have access to the same service and advice as our Windhoek-based clients." Wealth and Asset Management News Aggregation Team Monday, April 04, 2022 1:00 am http://africa.managersofwealth.com/article/33690/standard-chartered-launches-women-winning-with-wealth-proposition Aderugbo, noted that at this opportune moment in time, when people are exploring new opportunities, women are at the forefront of innovation and technology that continues to push frontiers once considered impossible. Wealth and Asset Management News Team Monday, March 28, 2022 1:00 am http://africa.managersofwealth.com/article/33633/a-new-hope-for-wealth-and-investment-managers The greatest challenge to the industry to continue the current level of growth is most likely to be how to achieve scalable and cost-managed growth. Wealth and Asset Management News Aggregation Team Wednesday, March 16, 2022 12:00 am http://africa.managersofwealth.com/article/33543/stanchart-wealth-unitamprsquos-income-rises-to-sh31bn The unit ended 2021 with Sh131 billion in assets under management, representing a 2.1 percent growth from Sh129 billion in 2020. Wealth and Asset Management News Aggregation Team Wednesday, May 11, 2022 1:00 am http://africa.managersofwealth.com/article/33954/former-jse-alexander-forbes-chair-nyembezi-joins-standard-bank-at-the-helm The Standard Bank Group would also like to take this opportunity to recognise and salute the great achievements of Thulani Gcabashe as our Chairman Executive Moves News Aggregation Team Tuesday, May 10, 2022 1:00 am http://africa.managersofwealth.com/article/33944/standard-bank-appoints-new-chair-designate The group said it has obtained the necessary Prudential Authority clearance for the appointment. Executive Moves News Aggregation Team Friday, May 06, 2022 1:00 am http://africa.managersofwealth.com/article/33929/cfa-institute-names-dana-day-as-managing-director-emea Additionally, Day will promote CFA Institute offerings, products, and services into EMEA markets. Executive Moves News Aggregation Team Thursday, May 05, 2022 1:00 am http://africa.managersofwealth.com/article/33923/safaricom-hires-citi-bank-md-in-acquisitions-and-mergers-chase A former Barclays executive, Mr Mutiga has been with Citibank for 15 years, serving in various senior local and regional management roles. Executive Moves News Team Thursday, May 05, 2022 1:00 am http://africa.managersofwealth.com/article/33917/jtc-appoints-new-managing-director-in-south-africa She brings over 25 years’ experience in financial services to the role Executive Moves News Team Thursday, May 05, 2022 1:00 am http://africa.managersofwealth.com/article/33921/rmb-announces-new-ceo She began her career with RMB in 2001 Executive Moves News Aggregation Team Wednesday, May 04, 2022 1:00 am http://africa.managersofwealth.com/article/33904/gijima-appoints-new-group-managing-executive Ratshefola is a former IBM Southern Africa leader. He spent his first decade at the company as a systems engineer, technical sales, and later sales leader and sector leader, and then he left to co–found Cornastone Technology Holdings Limited in 2000 Executive Moves News Aggregation Team Wednesday, May 04, 2022 1:00 am http://africa.managersofwealth.com/article/33912/henry-chinedu-onwuzurigbo-appointed-new-managing-director-of-zenith-bank-ghana-limited He was also the Pioneer Head of Internal Audit in Zenith Bank (UK) Ltd. Executive Moves News Team Tuesday, May 03, 2022 1:00 am http://africa.managersofwealth.com/article/33903/ashurst-boosts-emea-disputes-offering-with-hire-of-new-partner-in-munich Global law firm Ashurst announces the appointment of Martin Eimer as a partner in the disputes practice in Munich. Executive Moves News Team Thursday, April 28, 2022 1:00 am http://africa.managersofwealth.com/article/33884/j-p-morgan-private-bank-expands-emea-team Mr. Cassinello Herrera will lead the Private Bank's Strategic Equity business across the UK, Europe, Middle East and North Africa Executive Moves News Team Friday, May 06, 2022 1:00 am http://africa.managersofwealth.com/article/33931/norton-rose-fulbright-south-africa-welcomes-three-new-associates Rebone Motau joined us in April from Gildenhuys Malatji Inc. Legal News Aggregation Team Wednesday, April 27, 2022 1:00 am http://africa.managersofwealth.com/article/33866/generali-faces-new-test-as-bitter-battle-for-control-nears-climax Sanctions can be used to apply pressure on a target country to enforce compliance with certain objectives, and to enforce measures where diplomatic efforts have failed. Legal News Team Wednesday, April 20, 2022 1:00 am http://africa.managersofwealth.com/article/33812/conflict-of-interest-do-employees-need-to-disclose-their-side-businesses-to-their-employer The employer’s business in this matter was the production and sale of a range of meat products. Legal News Team Thursday, April 14, 2022 1:00 am http://africa.managersofwealth.com/article/33780/south-africa-anti-corruption-charter-amplsquofirst-stepamprsquo-towards-meaningful-change For these groups, the implication is that the signing would be a social contract and symbolic stand against corruption, as opposed to being of direct legal effect. Legal News Team Wednesday, April 13, 2022 1:00 am http://africa.managersofwealth.com/article/33767/prescription-begins-to-run-once-there-is-a-reasonable-suspicion-of-negligence-by-the-auditors Between 2007 to 2013, WK Construction suffered a loss of approximately ZAR80-million as a result of one of its erstwhile directors effecting fraudulent transactions. Legal News Team Friday, April 08, 2022 1:00 am http://africa.managersofwealth.com/article/33738/the-case-for-deferred-prosecution-agreements-in-south-africa The resolution of corruption also serves a greater societal good and can ensure that wrongdoers do not remain in positions where they can cause further harm. Legal News Aggregation Team Wednesday, April 06, 2022 1:00 am http://africa.managersofwealth.com/article/33722/racist-banks-stealing-from-the-poor-claims-financial-investigator Van Zyl said after Saambou Bank collapsed, FNB bought their low-cost housing book, and that was when the discrimination started. Legal News Aggregation Team Tuesday, March 29, 2022 1:00 am http://africa.managersofwealth.com/article/33646/court-adjourns-n42m-case-between-bank-firmamprsquos-directors-may-17 Though trial began last month and expected to proceed yesterday, it was however adjourned till May 17 and 18, 2022 following the request by the learned silk, Ogunwole, which was acceded to by the judge. Legal News Aggregation Team Thursday, March 17, 2022 12:00 am http://africa.managersofwealth.com/article/33562/legal-expert-calls-on-the-state-to-regulate-countryamprsquos-major-banks Indications are that the struggle against the banks’ behaviour is gaining much-needed traction from professionals of all racial groups. Legal News Team Tuesday, March 15, 2022 12:00 am http://africa.managersofwealth.com/article/33535/bowmans-dominates-the-dealmaking-landscape-in-east-africa Bowmans also advised on the deals named East Africa Deal of the Year (the sale of Dudutech Integrated Pest Management to Bioline Group) and East Africa Private Equity Deal of the Year (Adenia Partners’ majority acquisition of Red Lands Roses). Legal News Team Friday, May 13, 2022 1:00 am http://africa.managersofwealth.com/article/33969/futuregrowth-asset-management-adopts-charles-river-for-managing-fixed-income-strategies Managing investments in an ethical and sustainable way for stakeholders requires a technology platform aligned with our mission. FinTech News Aggregation Team Thursday, May 12, 2022 1:00 am http://africa.managersofwealth.com/article/33958/one-of-south-africaamprsquos-biggest-banks-is-making-a-permanent-shift-in-how-it-does-business “As a result, we believe that clients who use our branches should be able to perform day-to-day banking through our digital zones, with the option to consult with our experts for human assistance as needed,” FinTech News Aggregation Team Thursday, May 12, 2022 1:00 am http://africa.managersofwealth.com/article/33960/african-banks-engage-in-major-digitisation-drive Some banks were already trying to transition from the traditional model before the pandemic, due to the emergence of new competition on the part of African fintech and pure digital players. FinTech News Aggregation Team Thursday, May 12, 2022 1:00 am http://africa.managersofwealth.com/article/33963/eight-million-kenyans-send-receive-cash-on-third-party-phones Increased use of mobile money in Kenya has grown the risk of infiltration by criminal elements FinTech News Aggregation Team Thursday, May 12, 2022 1:00 am http://africa.managersofwealth.com/article/33964/emerging-economies-are-pioneers-of-cbdcs These markets recognise the unique advantages of CBDCs. FinTech News Team Tuesday, May 10, 2022 1:00 am http://africa.managersofwealth.com/article/33948/capitec-bank-selects-ncino South African bank’s adoption of nCino expands the company’s reach to five continents FinTech News Aggregation Team Monday, May 09, 2022 1:00 am http://africa.managersofwealth.com/article/33937/technology-start-ups-on-the-rise Years down the road, a technology ecosystem has emerged organically in Dar es Salaam. FinTech News Aggregation Team Monday, May 09, 2022 1:00 am http://africa.managersofwealth.com/article/33938/is-cryptocurrency-interest-rising-steadily-in-africa After the Central African Republic legalised cryptocurrency, more African countries seem to be warming up to the idea FinTech News Team Thursday, May 05, 2022 1:00 am http://africa.managersofwealth.com/article/33914/cauris-selects-ssampampc-as-strategic-loan-servicing-partner Cauris leverages DeFi and blockchain to provide access to institutional-grade investment opportunities in companies expanding access to financial inclusion. FinTech News Aggregation Team Thursday, May 05, 2022 1:00 am http://africa.managersofwealth.com/article/33922/central-african-republic-amplsquoforgotamprsquo-to-inform-its-central-bank-of-its-btc-plans But as Bloomberg revealed, there’s one more hurdle—the country’s central bank says it was caught unaware by the government’s BTC plan. FinTech News Aggregation Team Friday, May 13, 2022 1:00 am http://africa.managersofwealth.com/article/33974/access-bank-moves-to-dominate-agency-banking Access Bank agency banking ‘Access Closa ’ recently hit a milestone of having 100,000 agents currently spread across Nigeria as the bank further plans to increase its footprint by having a minimum of 50 agents in each of the 774 LGAs across th Retail Banking News Aggregation Team Thursday, May 12, 2022 1:00 am http://africa.managersofwealth.com/article/33965/kenyan-banks-macroeconomic-profile-weak Cites high credit risk, low wealth levels, weak institutions and high financing needs. Retail Banking News Aggregation Team Wednesday, May 11, 2022 1:00 am http://africa.managersofwealth.com/article/33955/listed-ugandan-banks-have-been-instructed-to-withhold-45-billion-worth-of-dividend-payouts Last month, many bank shareholders were disappointed when the apex bank issued a circular informing the banks not to pay dividends for the financial year ended December 31st, 2021. Retail Banking News Team Tuesday, May 10, 2022 1:00 am http://africa.managersofwealth.com/article/33947/entersekt-partners-with-capitec-bank Entersekt integrates NuData Security’s behavioral analytics intelligence into its EMV 3-D Secure solution to provide Capitec customers with real-time risk-based authentication for online purchases Retail Banking News Aggregation Team Monday, May 09, 2022 1:00 am http://africa.managersofwealth.com/article/33936/fnb-records-nearly-2-million-virtual-card-users-just-1-year-after-launch FNB customers have more reasons to buy items using their Virtual Cards, as the bank is now providing free insurance cover on online purchases made with FNB and RMB Private Bank Virtual Cards. Retail Banking News Aggregation Team Monday, May 09, 2022 1:00 am http://africa.managersofwealth.com/article/33940/dutch-development-bank-fmo-wants-to-scale-up-loan-guarantees-in-fragile-states The FMO currently invests an average of about €2bn ($2.1bn) a year across all its markets. Retail Banking News Aggregation Team Friday, May 06, 2022 1:00 am http://africa.managersofwealth.com/article/33930/uba-sees-exponential-growth-in-customer-deposits UBA closed the year with a significant growth of 36 per cent of its balance sheet from GH¢3.95 million in 2020 to GH¢5.37 million in 2021. Retail Banking News Aggregation Team Thursday, May 05, 2022 1:00 am http://africa.managersofwealth.com/article/33915/fidelity-bank-announces-29-increase-in-gross-earnings-in-q1-2022 The bank realised N393 million for items that will be classified subsequently to profit or loss, against the N18.700 billion decline posted in the same quarter of 2021. Retail Banking News Aggregation Team Thursday, May 05, 2022 1:00 am http://africa.managersofwealth.com/article/33918/nexim-bank-secures-n102bn-325m-in-loan-recovery-drive Enhanced operating model through restructuring of regional offices for the bank Retail Banking News Aggregation Team Thursday, May 05, 2022 1:00 am http://africa.managersofwealth.com/article/33919/wema-bankamprsquos-alat-hits-1m-accounts-in-one-day Apart from the attempt at the world record, the #BeAudacious campaign was also a reward scheme to appreciate customers Retail Banking News Aggregation Team Friday, April 29, 2022 1:00 am http://africa.managersofwealth.com/article/33887/standard-charteredamprsquos-operating-profit-in-middle-east-africa-hits-near-10-year-high First-quarter 2022 profits crossed $300mln for the first time in nearly a decade Investment Banking News Aggregation Team Thursday, April 21, 2022 1:00 am http://africa.managersofwealth.com/article/33825/barclays-sells-off-half-of-absa-stake-for-amppound526m The placing was made through Barclays Principal Investments subsidiary, with Absa, Citigroup, Banco Santander and Société Générale arranging the sale. Investment Banking News Aggregation Team Tuesday, March 15, 2022 12:00 am http://africa.managersofwealth.com/article/33541/standard-bank-in-talks-with-icbc-about-exiting-joint-venture The combination sought to serve the growing demands of Chinese clients for global commodities, fixed income and other products, though also has some exposure to Russia -- currently a financial pariah after the invasion of Ukraine. Investment Banking News Aggregation Team Friday, January 21, 2022 12:00 am http://africa.managersofwealth.com/article/33101/mena-investment-banking-fees-totalled-14bln-in-2021 In 2021, equity capital markets recorded their strongest year in 13 years, producing $334.4 million in fees Investment Banking News Aggregation Team Friday, January 14, 2022 12:00 am http://africa.managersofwealth.com/article/33042/standard-chartered-asked-to-reveal-zimbabwe-ceoamprsquos-fate Mutasa said union members had said that Watungwa hasn’t been seen at work recently. Investment Banking News Aggregation Team Thursday, December 16, 2021 12:00 am http://africa.managersofwealth.com/article/32817/moroccoamprsquos-bcp-bank-open-to-acquisitions-in-africa-ceo-says Like many other Moroccan banks and companies, BCP has stepped up investments in Africa, boosting the kingdom's economic clout. Investment Banking News Aggregation Team Friday, December 10, 2021 12:00 am http://africa.managersofwealth.com/article/32771/ubs-retreating-from-south-african-investment-banking-ops-ampndash-sources The bank is said to be covering its key corporate clients in the region out of London. Investment Banking News Aggregation Team Friday, November 26, 2021 12:00 am http://africa.managersofwealth.com/article/32657/ecobank-group-secures-us112mn-credit-facility-from-eib-to-fund-smes This latest cooperation with Ecobank Group will help companies to better tackle challenges triggered by the COVID-19 pandemic, unlock economic and social opportunities, especially for SMEs and women-owned and women-run enterprises, across Sub-Saharan Afri Investment Banking News Team Friday, November 26, 2021 12:00 am http://africa.managersofwealth.com/article/32658/eib-president-werner-hoyer-and-cabinet-secretary-open-east-africa-hub At the European Investment Bank we are committed to enhancing the impact of our sustainable investment around the world in close cooperation with our global partners and through an increased local presence of our technical, environmental and financing exp Investment Banking News Aggregation Team Tuesday, November 16, 2021 12:00 am http://africa.managersofwealth.com/article/32563/afreximbank-is-joint-lead-manager-for-fidelity-bank-400m-eurobond The bond is priced at a Re-offer Yield of 7.875 per cent and a coupon of 7.625 per cent. Investment Banking News Team Friday, May 13, 2022 1:00 am http://africa.managersofwealth.com/article/33967/ebrd-supports-the-development-of-moroccoamprsquos-capital-market After launching the first “green bond” in the Moroccan banking sector in 2016, BOA remains innovative in its sustainable and inclusive finance instruments. Alternative Investments News Aggregation Team Friday, May 13, 2022 1:00 am http://africa.managersofwealth.com/article/33968/cma-licenses-three-fund-managers-as-african-alliance-drops-investment-banking “The investment bank notified the Authority of its intention to cease operation of their Investment Bank activities" Alternative Investments News Aggregation Team Friday, May 13, 2022 1:00 am http://africa.managersofwealth.com/article/33972/african-development-bank-group-ethiopia-sign-agreements The agreements will support agro-industrial park, youth employment and Ethiopia-Djibouti power interconnection Alternative Investments News Aggregation Team Friday, May 13, 2022 1:00 am http://africa.managersofwealth.com/article/33973/cameroonian-billionaire-alain-nkontchou-increases-investment-in-ecobank-to-n358bn The Cameroonian’s investment in the financial institution is now worth N3.58 billion. Alternative Investments News Team Thursday, May 12, 2022 1:00 am http://africa.managersofwealth.com/article/33966/rehma-imrith-iq-eq-mauritius-is-a-connector-between-asian-private-investments-and-african-markets Mauritius already plays a pivotal role by facilitating impact investments on the continent. Alternative Investments News Aggregation Team Tuesday, May 10, 2022 1:00 am http://africa.managersofwealth.com/article/33941/johannesburg-stock-exchange-first-to-market-with-trading-analytics-platform JSE Explorer uses peer group rankings to allow trading firms to examine their market share and analyse how they interact with the order book. Alternative Investments News Aggregation Team Tuesday, May 10, 2022 1:00 am http://africa.managersofwealth.com/article/33943/15-things-to-know-about-offshore-investing There are now very few barriers to entry for those wishing to externalise their funds Alternative Investments News Aggregation Team Tuesday, May 10, 2022 1:00 am http://africa.managersofwealth.com/article/33945/fbn-insurance-records-n386b-gross-premium Ojumah said the company, considered as a fringe player at inception in 2010 has risen to become one of the top two life insurers in the country. Alternative Investments News Aggregation Team Tuesday, May 10, 2022 1:00 am http://africa.managersofwealth.com/article/33946/axa-mansard-records-n2864bn-quarterly-premium It stated that its operating expenses rose by one per cent to N2.54bn from N2.52bn in March 2021 Alternative Investments News Aggregation Team Monday, May 09, 2022 1:00 am http://africa.managersofwealth.com/article/33935/mireme-launches-5-million-fund-to-expand-usage-of-natural-gas-vehicles The creation of this fund responds to the Government’s goal of boosting the value chain of national primary products Alternative Investments News Aggregation Team Friday, May 13, 2022 1:00 am http://africa.managersofwealth.com/article/33970/africaamp039s-future-is-tied-to-climate-change Market observers and Old Mutual stakeholders have expectations about the company’s overall role in society. Comment, Analysis & Research News Aggregation Team Thursday, May 12, 2022 1:00 am http://africa.managersofwealth.com/article/33961/the-most-complained-about-banks-in-south-africa-ampndash-and-one-that-saw-a-dramatic-turnaround These consumers had to turn to the OBS for intervention against their banks.” Comment, Analysis & Research News Aggregation Team Wednesday, May 11, 2022 1:00 am http://africa.managersofwealth.com/article/33951/saa-could-remain-financial-burden-on-state-despite-selling-major-stake-treasury-warns The emergence of the concerns came as Public Enterprises Minister Pravin Gordhan was set to appear before the public-accounts committee. Comment, Analysis & Research News Aggregation Team Wednesday, May 11, 2022 1:00 am http://africa.managersofwealth.com/article/33952/operation-vulindlela-too-early-for-congratulations-says-business There is a broad consensus that the business environment requires structural reforms to encourage new investment. 3 Comment, Analysis & Research News Aggregation Team Wednesday, May 11, 2022 1:00 am http://africa.managersofwealth.com/article/33956/president-kenyatta-calls-for-enhanced-cooperation-between-kenya-and-the-uae The UAE delegation was led by the Gulf nation’s Minister of State Sheikh Nahyan bin Shakhboot Al Nahyan who was accompanied by the Crown Prince’s Economic Adviser Abdul Rahman Neyadi among other UAE Government officials. Comment, Analysis & Research News Aggregation Team Wednesday, May 11, 2022 1:00 am http://africa.managersofwealth.com/article/33957/efg-hermes-recognised-by-financial-times EFG Hermes was one of the only 10 African financial services companies listed on the ranking for the year and ranked 55th fastest-growing company in Africa Comment, Analysis & Research News Team Tuesday, May 10, 2022 1:00 am http://africa.managersofwealth.com/article/33942/why-an-anti-corruption-programme-is-essential-for-african-startups-looking-to-scale-up "Through that work, what we saw as a firm was that there was a real need for international best practice standard compliance advisory and counselling for firms facing the challenge of doing business in Africa." Comment, Analysis & Research News Aggregation Team Tuesday, May 10, 2022 1:00 am http://africa.managersofwealth.com/article/33950/south-africa-is-heading-for-a-big-interest-rate-hike This is a change from the previous view for a 25bps hike at the May policy meeting. Comment, Analysis & Research News Team Friday, May 06, 2022 1:00 am http://africa.managersofwealth.com/article/33925/ubs-investor-sentiment-investors-concerned-about-the-war-yet-stay-the-course-with-their-portfolios Investors remain confident in their region’s economy and stock market, even though many expect prolonged and increased inflation Comment, Analysis & Research News Team Wednesday, May 04, 2022 1:00 am http://africa.managersofwealth.com/article/33905/african-banker-magazine-and-backbase-release-the-annual-african-banking-digital-transformation-report The report shows that the pandemic has largely accelerated the shift in the banks' model as it has highlighted the many limitations they were facing. Comment, Analysis & Research News Team Friday, April 22, 2022 1:00 am http://africa.managersofwealth.com/article/33833/what-transfer-pricing-could-mean-for-your-african-business Transfer Pricing (TP) principles have always been firmly in place but have recently been formalised with legislation. Tax News Aggregation Team Monday, April 18, 2022 1:00 am http://africa.managersofwealth.com/article/33789/more-south-african-taxpayers-are-moving-to-this-centrally-located-island-near-europe Additional recommendations that appear to be aimed at ensuring consistency with the HNWI Unit include provisional taxpayers with business interests now being required to submit their assets (at cost) and liabilities in their tax filings each year. Tax News Team Wednesday, April 13, 2022 1:00 am http://africa.managersofwealth.com/article/33766/carbon-tax-does-it-impact-the-financial-services-industry Having signed the Paris Agreement in 2016, South Africa has undertaken to reach a goal of net-zero carbon dioxide emissions by 2050. Tax News Team Wednesday, April 13, 2022 1:00 am http://africa.managersofwealth.com/article/33768/how-should-phantom-share-plans-be-taxed The relevance of which provision should apply in relation to the timing of the tax event is that, in terms of section 8C the tax event occurs when the “equity instrument” is deemed to vest Tax News Aggregation Team Monday, April 11, 2022 1:00 am http://africa.managersofwealth.com/article/33750/renegotiations-of-double-tax-agreements-take-time Our current international reputation does not help. Tax News Aggregation Team Wednesday, April 06, 2022 1:00 am http://africa.managersofwealth.com/article/33718/auditorsamprsquo-duties-to-report-reportable-irregularities-make-sure-you-get-it-right The IRBA is a statutory body established in terms of the APA. Tax News Aggregation Team Monday, April 04, 2022 1:00 am http://africa.managersofwealth.com/article/33695/ramaphosa-sends-message-to-taxpayers-in-south-africa The president cautioned that SARS will be ramping up its capacity to target those taxpayers who are not compliant. Tax News Aggregation Team Sunday, March 20, 2022 12:00 am http://africa.managersofwealth.com/article/33575/experts-warn-that-a-wealth-tax-in-south-africa-is-coming SARS intends to go after ‘unexplained wealth’, and has proposed that all provisional taxpayers with assets above R50 million be required to declare specific assets and liabilities at market values in their 20203 returns. Tax News Team Wednesday, March 09, 2022 12:00 am http://africa.managersofwealth.com/article/33489/rwanda-ratifies-its-dtt-with-china-creating-fail-safe-tax-structuring-opportunities-for-epc-companies To begin with, the DTT with China, in its article 7, adopts the functionally separate entity approach. Tax News Aggregation Team Friday, March 04, 2022 12:00 am http://africa.managersofwealth.com/article/33461/tax-ceiling-proposed-for-south-africa Higher tax revenues mean a country is able to spend more on improving infrastructure, health, and education – keys to the long-term prospects for a country’s economy and people. Tax News Aggregation Team Friday, May 13, 2022 1:00 am http://africa.managersofwealth.com/article/33971/financial-sector-assessment-program-and-financial-sector-stability-assessment Banks have withstood the crisis well, helped by liquidity support from Central Bank of West African States and policies to support domestic demand. Regulation,Tax & Compliance News Aggregation Team Thursday, May 12, 2022 1:00 am http://africa.managersofwealth.com/article/33959/bank-of-central-african-states-urges-car-to-annul-bitcoin-as-currency The bank urged the CAR to comply with CEMAC in promoting economic and financial cooperation and avoiding policies that may lead to monetary fluctuations. Regulation,Tax & Compliance News Aggregation Team Thursday, May 12, 2022 1:00 am http://africa.managersofwealth.com/article/33962/south-african-banks-with-the-most-fraud-complaints The number of complaints the Ombudsman for Banking Services adjudicated increased by 7% compared to 2020. Regulation,Tax & Compliance News Aggregation Team Wednesday, May 11, 2022 1:00 am http://africa.managersofwealth.com/article/33953/auditing-watchdog-sounds-alarm-about-accounting-standards-in-sa "In the absence of such a body, there is a risk that there is self-regulation happening in the country, where interpretation of accounting standards is done by the private sector itself, which is such a risk," Regulation,Tax & Compliance News Aggregation Team Monday, May 09, 2022 1:00 am http://africa.managersofwealth.com/article/33939/zimbabwe-suspends-bank-lending-in-bid-to-arrest-currency-decline The southern African country reintroduced a local currency in 2019 after abandoning it in 2009 when it was hit by hyperinflation Regulation,Tax & Compliance News Aggregation Team Wednesday, May 04, 2022 1:00 am http://africa.managersofwealth.com/article/33907/new-pensioner-rule-changes-planned-for-south-africa Under the current regulations, a person is considered an ‘older person’ from 65 as a man and from 60 as a woman. Regulation,Tax & Compliance News Aggregation Team Friday, April 29, 2022 1:00 am http://africa.managersofwealth.com/article/33891/wema-bank-debunks-money-laundering-bribery-claims The publication went ahead to mention the names of certain Wema Bank management staff to be allegedly involved in the said transaction. Regulation,Tax & Compliance News Aggregation Team Thursday, April 28, 2022 1:00 am http://africa.managersofwealth.com/article/33878/stanchart-spends-sh214m-on-retrenchment-of-staff Stanchart’s staff costs declined to Sh6.5 billion in the year ended December from Sh7.8 billion a year earlier as it benefitted from the cumulative cost cuts. Regulation,Tax & Compliance News Aggregation Team Thursday, April 28, 2022 1:00 am http://africa.managersofwealth.com/article/33879/development-bank-disburses-n482bn-to-boost-msmes The bank’s total assets also increased by 1.4 per cent from N492.3 billion in 2020 to N499.2 billion in 2021. Regulation,Tax & Compliance News Aggregation Team Wednesday, April 27, 2022 1:00 am http://africa.managersofwealth.com/article/33867/beneficial-ownership-transparency-how-to-fix-a-serious-secrecy-loophole-in-the-automatic-exchange-system This loophole works because the beneficial owner of an account is not always reported under the OECD’s standard (CRS) and is never reported by the US under the inter-governmental agreements (IGAs) related to the Foreign Account Tax Compliance Act (F Regulation,Tax & Compliance News Aggregation Team Tuesday, May 10, 2022 1:00 am http://africa.managersofwealth.com/article/33949/west-africa-gets-ready-for-desertification-cop15 The African Development Bank’s Africa Climate Change Fund contributed to the workshop, developed by the UN Convention to Combat Desertification, in collaboration with several technical and financing partners. ESG News Team Monday, May 09, 2022 1:00 am http://africa.managersofwealth.com/article/33934/hereamprsquos-why-developed-economies-must-bear-the-100-trillion-cost-of-the-net-zero-transition-in-emerging-markets By contrast, if developed markets were to fund the transition cost, it would result in higher household consumption and global GDP being cumulatively raised by $108.3 trillion. ESG News Aggregation Team Friday, May 06, 2022 1:00 am http://africa.managersofwealth.com/article/33928/green-hydrogen-ampndash-the-new-energy-rush-for-africa With rapidly improving technology and decreasing costs for fuel cells, green hydrogen is becoming a more appealing fuel alternative in Africa. ESG News Team Monday, May 02, 2022 1:00 am http://africa.managersofwealth.com/article/33896/cim-finance-issues-mauritiusamprsquo-first-green-bond The Green Bonds were also created to meet the increasing demand for socially responsible investment opportunities. ESG News Aggregation Team Thursday, April 21, 2022 1:00 am http://africa.managersofwealth.com/article/33830/ghana-adb-group-to-double-us25-billion "We will double that amount to 25 billion dollars over the next five years, he said. ESG News Team Wednesday, April 20, 2022 1:00 am http://africa.managersofwealth.com/article/33815/esg-and-the-risk-of-lender-liability-for-environmental-harm The risk of exposure is determined by the lender’s degree of control over the borrower. ESG News Aggregation Team Thursday, April 14, 2022 1:00 am http://africa.managersofwealth.com/article/33783/promoting-environmental-sustainability This is why the initiatives of The Coca-Cola Company are noteworthy. ESG News Aggregation Team Thursday, April 07, 2022 1:00 am http://africa.managersofwealth.com/article/33730/reporting-standards-metrics-to-drive-esg-in-capital-markets Looking at South Africa, the report notes that the JSE has delivered draft climate and sustainability disclosure guidelines. ESG News Aggregation Team Thursday, April 07, 2022 1:00 am http://africa.managersofwealth.com/article/33731/new-finance-taxonomy-to-explain-what-makes-an-sa-project-a-green-one The green finance taxonomy is meant to help ensure that national priorities are reflected in financing measures, while still remaining aligned with international trends. ESG News Aggregation Team Wednesday, April 06, 2022 1:00 am http://africa.managersofwealth.com/article/33715/stimulating-creative-industry-for-economic-sustainability Apart from preserving the culture and values of the society, the creative industry is adjudged to be a catalyst for the economic transformation of any country. ESG News Aggregation Team Wednesday, February 16, 2022 12:00 am http://africa.managersofwealth.com/article/33334/wamprsquobank-developing-countries-face-growing-risks-from-covid-19-induced-fragility-non-transparent-debt The World Bank stressed that rising inflation and interest rate increases, pose further challenges to recovery and advised that developing countries need to focus on creating healthier financial sectors. Covid-19 News Aggregation Team Thursday, February 10, 2022 12:00 am http://africa.managersofwealth.com/article/33275/michael-sachs-ramaphosa-must-level-with-sa-income-grant-means-tax-hikes By then the grant would have been in place for five years, and it does not make sense to think of it as temporary. Covid-19 News Aggregation Team Tuesday, February 08, 2022 12:00 am http://africa.managersofwealth.com/article/33257/investec-tells-staff-in-south-africa-to-get-vaccinated-ampndash-or-pay-for-their-own-tests Many companies in Africa’s most-industrialized nation are mandating workers get vaccinated to return to office. Covid-19 News Aggregation Team Monday, January 17, 2022 12:00 am http://africa.managersofwealth.com/article/33051/adebimpe-how-nigerian-banks-survived-covid-9-turbulence Now the global economy is on the recovery path and we believe it will be sustainable considering the numerous measures being implemented by governments across the globe to tackle the pandemic once and for all. Covid-19 News Team Wednesday, December 08, 2021 12:00 am http://africa.managersofwealth.com/article/32743/can-employers-require-unvaccinated-employees-to-take-pcr-covid-19-tests-regularly-at-their-own-cost The question of whether the production of a negative test is one aspect that an employer must consider when implementing a testing regime. Covid-19 News Aggregation Team Monday, November 29, 2021 12:00 am http://africa.managersofwealth.com/article/32661/warning-over-new-lockdown-restrictions-for-south-africa Business4SA chair Martin Kingston said Ramaphosa should avoid the reintroduction of a stricter lockdown and instead take steps to raise vaccination rates. Covid-19 News Team Monday, November 29, 2021 12:00 am http://africa.managersofwealth.com/article/32672/vaccination-status-and-flexible-workstyle-influence-consumer-optimism Overall, 61% of respondents are optimistic about the future, and only 18% are not. Covid-19 News Aggregation Team Friday, November 26, 2021 12:00 am http://africa.managersofwealth.com/article/32659/new-covid-variant-roils-global-markets-with-oil-sinking-5 Many of these mutations are linked to increased antibody resistance Covid-19 News Team Thursday, November 11, 2021 12:00 am http://africa.managersofwealth.com/article/32526/afreximbank-and-the-international-islamic-trade-finance-corporation-itfc-ratify-us250-million-finance-facility-to-support-africa The facility significantly facilitates Afreximbank’s execution of strategic interventions. Covid-19 News Team Thursday, October 21, 2021 1:00 am http://africa.managersofwealth.com/article/32335/the-banking-industry-withstands-tough-times When the pandemic struck last year, the central bank decided to reduce the Prudential Capital Adequacy Ratio (CAR) from 15 percent to 12.5 percent for banks operating in Botswana. Covid-19