http://africa.managersofwealth.com/ Fri, 21 Feb 2025 14:44:06 GMT part of MediaG8way Group http://africa.managersofwealth.com/ http://africa.managersofwealth.com/assets/images/logo.png KohanaPHP News Aggregation Team Wednesday, February 19, 2025 12:00 am http://africa.managersofwealth.com/article/40063/old-mutual-to-introduce-amplsquolow-balance-chargeamprsquo-for-all-unit-trusts It notes that this charge will “increase with inflation on an annual basis and will be specified on each fund’s fact sheet or minimum disclosure document (MDD)”. Wealth and Asset Management News Aggregation Team Friday, February 14, 2025 12:00 am http://africa.managersofwealth.com/article/40038/the-amplsquoeasy-access-pointamprsquo-to-billionaire-johann-rupertamprsquos-south-african-bounty Remgro is an investment holding company that is Chaired by South Africa’s richest man, Johann Rupert. Wealth and Asset Management News Aggregation Team Wednesday, January 29, 2025 12:00 am http://africa.managersofwealth.com/article/39944/awesome-news-for-take-home-pay-and-2025-salaries-in-south-africa The average take-home pay increased by 11.9% year-on-year to reach R17 202 in December 2024, a significant leap from the R15,367 recorded in December 2023. Wealth and Asset Management News Aggregation Team Monday, January 27, 2025 12:00 am http://africa.managersofwealth.com/article/39930/amplsquo5-year-experienceamprsquo-jobs-in-south-africa-that-will-make-you-millionaire This is fairly evident in Robert Walters’ data, where only eight jobs made the cut. Wealth and Asset Management News Aggregation Team Monday, January 27, 2025 12:00 am http://africa.managersofwealth.com/article/39931/massive-r106-billion-payday-for-south-africaamprsquos-richest-men It shows that in total, the number of billionaires worldwide rose from 2,565 in 2023 to 2,769 in 2024, and their combined wealth increased from $13 trillion to $15 trillion. Wealth and Asset Management News Aggregation Team Tuesday, January 21, 2025 12:00 am http://africa.managersofwealth.com/article/39899/the-salary-you-need-to-send-your-kids-to-the-most-expensive-schools-in-south-africa As of the end of 2024, over 2,325 independent schools were registered across South Africa. Wealth and Asset Management News Aggregation Team Monday, January 20, 2025 12:00 am http://africa.managersofwealth.com/article/39895/the-richest-people-in-south-africa-at-the-start-of-2025 South African-born Elon Musk kicks off 2025 as the richest person in the world Wealth and Asset Management News Aggregation Team Thursday, January 16, 2025 12:00 am http://africa.managersofwealth.com/article/39872/how-omig-is-leading-the-way-in-dei-asset-management-industry Omig’s journey underscores that transformation is a regulatory and business imperative. Wealth and Asset Management News Aggregation Team Thursday, January 09, 2025 12:00 am http://africa.managersofwealth.com/article/39831/the-one-day-trip-from-cape-town-which-costs-r300000-per-person The Greatest Day Experience is a popular option for people who want to experience Antarctica but do not want to stay there for a week. Wealth and Asset Management News Aggregation Team Wednesday, January 08, 2025 12:00 am http://africa.managersofwealth.com/article/39825/the-man-who-will-take-over-the-r209-billion-rupert-empire Johan Rupert and Anton Rupert Jnr. hold 7,551,005 shares in Remgro through an associate company, representing 1.4% of the company’s issued share capital. Wealth and Asset Management News Aggregation Team Friday, February 21, 2025 12:00 am http://africa.managersofwealth.com/article/40071/invicta-bolsters-south-african-team-with-new-hire As Client Relationship Director, Nathan will specialise in estate planning Executive Moves News Aggregation Team Wednesday, February 19, 2025 12:00 am http://africa.managersofwealth.com/article/40056/alex-mould-takes-over-as-mida-ceo-from-michael-asare-bediako As he stepped down, Mr. Bediako expressed gratitude for the support he received, stating his confidence in MiDA’s continued success under its new leadership. Executive Moves News Aggregation Team Monday, February 17, 2025 12:00 am http://africa.managersofwealth.com/article/40042/kwame-ntow-amoah-appointed-acting-ceo-of-gnpc He served as a Technical Advisor for Ghana in the landmark Maritime Boundary Case, which Ghana won on September 23, 2017. Executive Moves News Aggregation Team Wednesday, February 12, 2025 12:00 am http://africa.managersofwealth.com/article/40022/old-mutual-ghana-appoints-new-group-ceo He has completed Executive Leadership Development programmes at prestigious institutions Executive Moves News Aggregation Team Monday, February 10, 2025 12:00 am http://africa.managersofwealth.com/article/40003/advans-nigeria-appoints-odetayo-as-deputy-chief-executive-officer She is expected to bring her over 20 years of wealth of experience and a proven track record of excellence in the financial services sector to her new role. Executive Moves News Aggregation Team Friday, February 07, 2025 12:00 am http://africa.managersofwealth.com/article/39994/access-bank-botswana-announces-changes-to-its-board-of-directors She has been an invaluable leader, dedicating five years as Board Chair and guiding the Bank through significant milestones. Executive Moves News Aggregation Team Friday, February 07, 2025 12:00 am http://africa.managersofwealth.com/article/39995/exxaro-ceo-quits The resignation comes as Exxaro looks to further diversify away from coal. Executive Moves News Aggregation Team Wednesday, February 05, 2025 12:00 am http://africa.managersofwealth.com/article/39985/standard-chartered-names-chair Ramos’s appointment is the latest change at the top at Standard Chartered over the past year or so. Executive Moves News Aggregation Team Tuesday, February 04, 2025 12:00 am http://africa.managersofwealth.com/article/39978/miif-welcomes-new-ag-ceo-and-deputy-ceo Mrs. Justina Nelson was a Group Head at Zenith Bank (Ghana) with oversight responsibility for both the Energy and Commercial Banking sectors. Executive Moves News Aggregation Team Monday, February 03, 2025 12:00 am http://africa.managersofwealth.com/article/39966/african-bank-names-group-chief-risk-officer He was previously the Head: Group Credit, Business and Commercial clients at Standard Bank. Executive Moves News Team Thursday, February 20, 2025 12:00 am http://africa.managersofwealth.com/article/40064/baker-mckenzie-named-african-banking-ampamp-finance-legal-adviser-of-the-year This marks the fourth time in five years that Baker McKenzie has clinched this prestigious title. Legal News Aggregation Team Tuesday, February 18, 2025 12:00 am http://africa.managersofwealth.com/article/40049/former-kuscco-ceo-george-ototo-appears-in-court-after-stealing-ksh-82-million He has, however, been detained at Muthaiga Police Station until Tuesday when the court is expected to make a bail ruling on all the accused persons. Legal News Aggregation Team Monday, February 17, 2025 12:00 am http://africa.managersofwealth.com/article/40043/former-mauritius-pm-arrested-says-financial-crimes-commission Jugnauth "is under arrest", FCC spokesperson Ibrahim Rossaye told reporters, adding that he will be detained in Moka detention centre in Moka district in central Mauritius. Legal News Aggregation Team Tuesday, February 11, 2025 12:00 am http://africa.managersofwealth.com/article/40017/customers-file-class-action-suits-against-access-and-zenith-banks They claim that the banking disruption, which lasted over a week, paralyzed personal lives and businesses Legal News Aggregation Team Monday, January 27, 2025 12:00 am http://africa.managersofwealth.com/article/39932/ecobank-faces-68m-uae-lawsuit-over-defamation-coercion-allegations The lawsuit also names ETI Specialized Resolutions Company (ETISRC), Ecobank Nigeria (ENG), and Oladele Alabi, Managing Director of ETISRC, as co-defendants. Legal News Aggregation Team Monday, January 27, 2025 12:00 am http://africa.managersofwealth.com/article/39935/court-reverses-home-repo-judgment-after-nedbank-bungled-calculations The property was sold at auction for a half its worth and the owner faced eviction. Legal News Aggregation Team Thursday, January 23, 2025 12:00 am http://africa.managersofwealth.com/article/39915/ecobank-faces-68m-lawsuit-over-alleged-defamation-coercion In 2022, ETISRC escalated the matter by filing a report with the Nigeria Police Force, accusing Wilben Trade of conspiracy and fraudulent conversion. Legal News Aggregation Team Wednesday, January 22, 2025 12:00 am http://africa.managersofwealth.com/article/39911/fg-defends-tariff-hike-amid-legal-threats-from-serap-subscribers The National Association of Telecoms Subscribers and the Socio-Economic Rights and Accountability Project said they plan to challenge the tariff increase in court, describing it as burdensome and unlawful. Legal News Aggregation Team Monday, January 20, 2025 12:00 am http://africa.managersofwealth.com/article/39890/bisi-onasanya-denies-involvement-in-amplsquon12bn-loan-fraudamprsquo-at-first-bank Osunnuyi described the allegations as baseless and an attempt to tarnish the reputation of the retired banker and Chartered accountant. Legal News Team Thursday, January 16, 2025 12:00 am http://africa.managersofwealth.com/article/39878/the-woman-fighting-to-stay-ceo-of-one-of-south-africaamprsquos-biggest-miners-ampndash-worth-r55-billion She is currently a member of the Exxaro Board and the Board of the Minerals Council of South Africa. Legal News Aggregation Team Tuesday, February 18, 2025 12:00 am http://africa.managersofwealth.com/article/40048/why-banks-fintechs-are-betting-on-blockchain-technology The fintech is not alone in this migration. FinTech News Team Monday, February 17, 2025 12:00 am http://africa.managersofwealth.com/article/40040/dlocal-and-aza-finance-team-up-in-africa By combining dLocal’s robust cross-border payment infrastructure with AZA Finance’s foreign exchange capabilities and network of regional licences, customers of both companies will benefit from improved payment processing FinTech News Aggregation Team Monday, February 17, 2025 12:00 am http://africa.managersofwealth.com/article/40041/10-startups-to-watch-in-2025-in-west-africa Key markets like Nigeria, Ghana, and Côte d’Ivoire are leading the charge, supported by new policies like Nigeria’s Startup Act and Ghana’s Digital Roadmap. FinTech News Aggregation Team Wednesday, February 05, 2025 12:00 am http://africa.managersofwealth.com/article/39983/sars-has-a-new-unit-coming-after-these-taxpayers-in-south-africa-hard The SARS crypto unit comprises highly trained professionals with very specific skills, Tax Consulting said. FinTech News Aggregation Team Tuesday, January 28, 2025 12:00 am http://africa.managersofwealth.com/article/39938/south-africaamp039s-central-bank-chief-criticises-crypto-lobbying-efforts The latter underlined that Bitcoin could not be considered a valuable reserve asset FinTech News Aggregation Team Monday, January 27, 2025 12:00 am http://africa.managersofwealth.com/article/39933/realpay-digitising-africa-and-expanding-horizons-globally RealPay’s international expansion allows the company to blend global best practices with local insights FinTech News Aggregation Team Friday, January 24, 2025 12:00 am http://africa.managersofwealth.com/article/39925/standard-bank-group-enhances-customer-experience-through-purposeful-technology-integration Fischer elaborated on the bank’s strategy to integrate technology seamlessly into its operations. FinTech News Aggregation Team Friday, January 24, 2025 12:00 am http://africa.managersofwealth.com/article/39926/interoperability-digital-payment-systems-drive-financial-inclusion-to-97 The report stated that 98.72 percent of payments made in 2016 by volume were made in cash. FinTech News Aggregation Team Tuesday, January 21, 2025 12:00 am http://africa.managersofwealth.com/article/39900/waza-enhances-cross-border-payments-with-digital-platform The report noted that economic uncertainty is expected to increase the demand for creative thinking, resilience, flexibility, and agility. FinTech News Aggregation Team Friday, January 17, 2025 12:00 am http://africa.managersofwealth.com/article/39883/the-future-of-kenyan-bankingamphellipis-expensive For now, Tasks is still in beta, so maybe don’t trust it with all your application reminders just yet. FinTech News Aggregation Team Friday, February 21, 2025 12:00 am http://africa.managersofwealth.com/article/40073/absa-set-to-empower-smes-through-business-clinics The sessions bring together experienced business leaders to share insights and recommendations that address common challenges in the SME sector. Retail Banking News Aggregation Team Thursday, February 20, 2025 12:00 am http://africa.managersofwealth.com/article/40067/banking-on-debt-the-ripple-effects-of-short-term-debt-auctions The crowding-out effect is a double-edged sword for the business community. Retail Banking News Aggregation Team Wednesday, February 19, 2025 12:00 am http://africa.managersofwealth.com/article/40057/mauritius-commercial-bank-ceo-thierry-hebraud-amplsquoafricaamprsquos-financial-sector-is-at-an-inflection-pointamprsquo On the other hand, the financial sector would remain a key driver of growth, with banks pursuing their diversification strategy while contributing to ongoing efforts to uphold the competitiveness of the Mauritius IFC. Retail Banking News Aggregation Team Tuesday, February 18, 2025 12:00 am http://africa.managersofwealth.com/article/40050/ecobank-hits-record-high-as-investors-sentiments-improve Analysts maintain positive outlook on Ecobank group on the back of its earnings diversification and robust balance sheet quality. Retail Banking News Aggregation Team Friday, February 14, 2025 12:00 am http://africa.managersofwealth.com/article/40035/keystone-bank-story-of-resilience-reinvention-growth As Keystone Bank continues to flourish, customers and shareholders alike can rest assured that the bank remains safe, healthy, strong, and resilient. Retail Banking News Aggregation Team Thursday, February 13, 2025 12:00 am http://africa.managersofwealth.com/article/40031/equity-bank-cuts-loan-interest-rates-by-largest-margin The new rates are effective February 13, 2025, for new loans and March 1 for existing loans. Retail Banking News Aggregation Team Wednesday, February 12, 2025 12:00 am http://africa.managersofwealth.com/article/40023/ecobank-and-xtransfer-partner-to-streamline-cross-border-payments-for-african-smes The partnership between XTransfer and Ecobank seeks to address these hurdles by offering efficient cross-border payment solutions. Retail Banking News Aggregation Team Wednesday, February 12, 2025 12:00 am http://africa.managersofwealth.com/article/40024/bank-profits-near-record-p4bn-mark By comparison, the banks collectively recorded after-tax profits averaging P276.8 million over the corresponding period in 2023. Retail Banking News Aggregation Team Tuesday, February 11, 2025 12:00 am http://africa.managersofwealth.com/article/40012/recapitalisation-fidelity-bank-to-raise-funds-via-private-placement That the private placements in Resolution (4) above shall be carried out in conformity with applicable laws and subject to the procurement of relevant regulatory approvals. Retail Banking News Aggregation Team Monday, February 10, 2025 12:00 am http://africa.managersofwealth.com/article/40002/herbert-wigweamprsquos-impact-on-african-banking One of Wigwe’s defining achievements was his ability to expand Access Bank’s footprint beyond Nigeria. Retail Banking News Team Friday, February 14, 2025 12:00 am http://africa.managersofwealth.com/article/40036/cardinalstone-partners-limited-completes-acquisition-of-radix-pension-managers Following the acquisition, Radix Pension Managers Limited has been rebranded as CardinalStone Pensions Limited, marking a new era of growth and innovation in pension fund administration. Investment Banking News Aggregation Team Monday, December 09, 2024 12:00 am http://africa.managersofwealth.com/article/39680/4-banks-call-it-quits-in-south-africa-in-2024 The French bank was permitted to conduct business as a bank in South Africa using a branch in 2012, allowing it to offer corporate and investment banking services. Investment Banking News Aggregation Team Wednesday, November 20, 2024 12:00 am http://africa.managersofwealth.com/article/39575/fbnquest-asset-management-wins-bafi-award-excellence The award ceremony, celebrated the outstanding achievements of financial institutions across Nigeria, highlighting those that have demonstrated innovation, excellence, and unwavering commitment to quality service. Investment Banking News Aggregation Team Tuesday, October 22, 2024 1:00 am http://africa.managersofwealth.com/article/39412/hsbc-leads-as-menaamprsquos-top-earner-in-investment-banking-fees HSBC was followed by Standard Chartered ($56.5 million) and First Abu Dhabi Bank ($56 million) in the league tables Investment Banking News Aggregation Team Wednesday, October 09, 2024 1:00 am http://africa.managersofwealth.com/article/39336/hsbc-mulls-south-african-exit-as-european-banks-pull-back The lender has roots in Asia and has pledged to simplify its global structure, amid a general European retreat from Africa's banking sector. Investment Banking News Aggregation Team Thursday, September 19, 2024 1:00 am http://africa.managersofwealth.com/article/39223/jpmorgan-aims-to-expand-in-africa-and-scandinavia And a report Wednesday from Reuters notes that CEO Jamie Dimon plans to travel to Kenya, Nigeria, South Africa and Ivory Coast next month to boost the bank’s expansion in Africa. Investment Banking News Team Tuesday, September 10, 2024 1:00 am http://africa.managersofwealth.com/article/39170/african-development-bank-at-60-ampldquotoday-as-in-the-past-you-are-part-of-africaamprsquos-transformationamprdquo-akinwumi-adesina-heralds-commitment-shown-by-bank-staff-in-building-its-thrilling-history The Bank’s entire ecosystem plays a part in each project. Investment Banking News Aggregation Team Tuesday, August 06, 2024 1:00 am http://africa.managersofwealth.com/article/38973/banks-get-r80m-in-fees-as-pick-n-pay-raises-r4bn Ackerman Investment Holdings subscribes for 64m ‘rights offer shares’ at a total value of more than R1bn. Investment Banking News Aggregation Team Wednesday, May 15, 2024 1:00 am http://africa.managersofwealth.com/article/38506/ecowas-bank-commits-to-inject-200m-into-ghanaian-economy It noted that the agreement epitomises EBID’s unwavering dedication to fostering economic growth Investment Banking News Team Wednesday, May 15, 2024 1:00 am http://africa.managersofwealth.com/article/38507/president-william-ruto-advocates-for-25-billion-replenishment-of-african-development-fund-highlights-impact-on-kenyaamprsquos-development African Development Bank’s Adesina reiterates commitment to invest more in Kenya. Investment Banking News Aggregation Team Friday, February 21, 2025 12:00 am http://africa.managersofwealth.com/article/40072/competition-tribunal-approves-hollardamp039s-acquisition-of-lombard-insurance The Competition Tribunal said that following the implementation of the proposed merger, Hollard will have sole control of the target business. Alternative Investments News Aggregation Team Friday, February 21, 2025 12:00 am http://africa.managersofwealth.com/article/40076/investors-stake-n241tn-in-treasury-bills-auction The CBN allotted N34.77bn, while the top rate dropped to 17 per cent, lower than the 18 per cent in the previous auction. Alternative Investments News Aggregation Team Thursday, February 20, 2025 12:00 am http://africa.managersofwealth.com/article/40070/one-of-south-africaamprsquos-biggest-companies-technically-insolvent Cell C’s technical insolvency is not new, but the group’s position has worsened compared to the prior six-month period, where its negative equity was -R3.2 billion. Alternative Investments News Aggregation Team Wednesday, February 19, 2025 12:00 am http://africa.managersofwealth.com/article/40061/inflation-drop-experts-demand-lower-interest-rate The NBS on Tuesday declared that Nigeria’s headline inflation dropped to 24.48 per cent in January 2025 following the rebasing of the Consumer Price Index. Alternative Investments News Aggregation Team Wednesday, February 19, 2025 12:00 am http://africa.managersofwealth.com/article/40062/sa-budget-under-added-scrutiny-given-trump-aid-tensions The country’s path toward fiscal consolidation is now in the context of ‘a very uncertain world’. Alternative Investments News Aggregation Team Tuesday, February 18, 2025 12:00 am http://africa.managersofwealth.com/article/40052/female-owned-businesses-secured-a-larger-share-of-loans-in-2024-ampndash-bank-of-ghana Similarly, loans to male borrowers and male-owned businesses rose modestly by 14.3 percent, from 8,782 in Q4 of 2023 to 10,037 in Q4 of 2024. Alternative Investments News Aggregation Team Tuesday, February 18, 2025 12:00 am http://africa.managersofwealth.com/article/40054/south-africa-must-take-bold-steps Steps it could take to achieve this include wage discipline, accelerating reforms at struggling state-owned enterprises and tighter control of government procurement Alternative Investments News Aggregation Team Monday, February 17, 2025 12:00 am http://africa.managersofwealth.com/article/40046/finance-minister-enoch-godongwana-wants-r300-billion-more-from-south-african-taxpayers The finance minister uses his Budget Speech to indicate the allocation of financial resources to the national government’s priorities. Alternative Investments News Team Friday, February 14, 2025 12:00 am http://africa.managersofwealth.com/article/40033/sequential-decline-in-domestic-debt-service-cost The primary reason was a noticeable decline (-25% q/q) in the interest cost on FGN bonds Alternative Investments News Team Friday, February 14, 2025 12:00 am http://africa.managersofwealth.com/article/40034/a-mm-reduction-in-nigeriaamprsquos-gross-official-reserves The decrease in January is significant, as it marks the sharpest attrition in the reserves position since Apr ’24 Alternative Investments News Aggregation Team Friday, February 21, 2025 12:00 am http://africa.managersofwealth.com/article/40078/how-much-money-teachers-earn-in-south-africa-in-2025 The latest salary scales for teachers in South Africa show the various salary bands for government educators effective 1 April 2024. Comment, Analysis & Research News Aggregation Team Thursday, February 20, 2025 12:00 am http://africa.managersofwealth.com/article/40065/nigeriaamprsquos-cyberspace-needs-experienced-strategic-risk-advisors-ampmdash-adeniyan One of the biggest challenges is the lack of awareness and a strong cybersecurity culture among businesses and individuals. Comment, Analysis & Research News Aggregation Team Wednesday, February 19, 2025 12:00 am http://africa.managersofwealth.com/article/40059/south-africaamprsquos-big-banks-closing-atms-across-the-country The number of ATMs across South Africa dropped by 400 year-on-year between June 2023 and June 2024. Comment, Analysis & Research News Aggregation Team Tuesday, February 18, 2025 12:00 am http://africa.managersofwealth.com/article/40053/unemployment-drops-in-south-africa This led to an increase of 18,000 in the number of the net economically active population to 16.5 million. Comment, Analysis & Research News Team Friday, February 14, 2025 12:00 am http://africa.managersofwealth.com/article/40032/jersey-finance-director-on-the-kenyan-wall-street But how do they ensure continuity, manage the next generation’s involvement and navigate legal complexities? Comment, Analysis & Research News Team Thursday, February 13, 2025 12:00 am http://africa.managersofwealth.com/article/40028/nigeria-to-host-32nd-afreximbank-annual-meetings-from-23-to-28-june-2025 The Government of Nigeria has been a steadfast partner and a strong backbone of the Bank. Comment, Analysis & Research News Aggregation Team Tuesday, February 11, 2025 12:00 am http://africa.managersofwealth.com/article/40011/wema-bankamprsquos-transformational-journey-story-of-vision-resilience-and-innovation The intricacies of the colonial era are no news to any adult in today’s world. Comment, Analysis & Research News Aggregation Team Monday, February 10, 2025 12:00 am http://africa.managersofwealth.com/article/40008/the-tide-is-turning-in-south-africa Economic growth is fundamentally tied to capital investment, productivity, and labour force expansion. Comment, Analysis & Research News Aggregation Team Thursday, February 06, 2025 12:00 am http://africa.managersofwealth.com/article/39993/bog-commends-dr-addison-for-meritorious-service Under his leadership, the Bank won several awards Comment, Analysis & Research News Team Tuesday, February 04, 2025 12:00 am http://africa.managersofwealth.com/article/39972/a-rising-trend-of-public-debt This rise was primarily driven by the depreciation of the naira Comment, Analysis & Research News Aggregation Team Friday, February 21, 2025 12:00 am http://africa.managersofwealth.com/article/40079/unpacking-tax-free-savings-accounts Learn how to utilise this vehicle to its maximum potential. Tax News Aggregation Team Thursday, February 20, 2025 12:00 am http://africa.managersofwealth.com/article/40068/south-africaamprsquos-plan-to-hike-vat-to-17 This would have taken effect from 1 April 2025. Tax News Aggregation Team Thursday, February 20, 2025 12:00 am http://africa.managersofwealth.com/article/40069/tax-hikes-and-eskom-cuts-inside-the-amplsquocancelledamprsquo-2025-budget The documents confirmed the increase in VAT to 17%, which was widely unexpected by experts in the build-up to the speech. Tax News Aggregation Team Wednesday, February 19, 2025 12:00 am http://africa.managersofwealth.com/article/40060/inside-treasuryamprsquos-plans-to-shield-poor-from-vat-hike Basket of tax-exempt essential food items is expected to be expanded Tax News Aggregation Team Tuesday, February 18, 2025 12:00 am http://africa.managersofwealth.com/article/40055/vat-blow-to-south-africa Many countries, including South Africa and most of Europe, charge a value-added tax on goods and services imported into their countries. Tax News Aggregation Team Monday, February 17, 2025 12:00 am http://africa.managersofwealth.com/article/40047/tax-hike-warning-and-legal-trouble-for-top-kzn-estate On Monday (17 February), the rand strengthened slightly, trading at R18.34 to the dollar, R23.09 to the pound and R19.23 to the euro. Oil is trading lower at $74.91 a barrel. Tax News Aggregation Team Friday, February 14, 2025 12:00 am http://africa.managersofwealth.com/article/40037/kpmg-introduces-tax-orbit-to-simplify-tax-compliance-in-nigeria Tax Orbit presents a proactive solution for businesses to navigate Nigeria’s tax landscape while helping companies reduce the risk of unexpected tax bills. Tax News Team Thursday, January 30, 2025 12:00 am http://africa.managersofwealth.com/article/39956/warning-over-medical-aid-tax-credits-wealth-tax-and-more-in-south-africa Every year, the finance minister seeks input from the country on how to manage the state’s finances and what they want to get out of the budget. Tax News Aggregation Team Tuesday, January 28, 2025 12:00 am http://africa.managersofwealth.com/article/39940/sars-is-coming-after-your-bank-account Court rulings in the Revenue Service’s favour have also repeatedly reinforced this. Tax News Aggregation Team Tuesday, January 28, 2025 12:00 am http://africa.managersofwealth.com/article/39942/big-announcement-about-dividends-tax-changes-in-south-africa Legal rulings, including decisions from the Dutch Hoge Raad and a Cape Town Tax Court cemented these exemptions. Tax News Aggregation Team Friday, February 21, 2025 12:00 am http://africa.managersofwealth.com/article/40074/bank-of-ghana-announces-audit-of-remittance-activities-for-q4-2024 The BoG urged all market participants to fully comply with these regulatory requirements. Regulation,Tax & Compliance News Aggregation Team Friday, February 21, 2025 12:00 am http://africa.managersofwealth.com/article/40075/ghana-government-increases-daily-national-minimum-wage-to-ghampcent1997 It noted that the effective date for the 2025 NDMW implementation shall be March 1, 2025. Regulation,Tax & Compliance News Aggregation Team Friday, February 21, 2025 12:00 am http://africa.managersofwealth.com/article/40077/capitec-scam-warning This extensive client base gives the bank a good idea of the scams targeting regular South Africans, which have become a notable concern. Regulation,Tax & Compliance News Aggregation Team Thursday, February 20, 2025 12:00 am http://africa.managersofwealth.com/article/40066/new-core-capital-requirement-to-accelerate-kenyan-banking-sector-consolidation We believe that the aim of the new requirement is to improve the banking sector’s resilience to shocks and to encourage consolidation. Regulation,Tax & Compliance News Aggregation Team Wednesday, February 19, 2025 12:00 am http://africa.managersofwealth.com/article/40058/osp-removes-former-finance-minister-ofori-atta-from-wanted-list According to the OSP, six days later on February 18, Mr Ofori-Atta through his lawyers has given the OSP a definite date of his voluntary return to the jurisdiction. Regulation,Tax & Compliance News Aggregation Team Tuesday, February 18, 2025 12:00 am http://africa.managersofwealth.com/article/40051/fcmb-union-systems-renew-partnership-to-boost-nigeriaamprsquos-trade-finance “The continued partnership between Union Systems and FCMB affirms the transformative impact of Kachasi on our trade finance operations.” Regulation,Tax & Compliance News Aggregation Team Monday, February 17, 2025 12:00 am http://africa.managersofwealth.com/article/40044/naira-strengthens-at-parallel-market-weakens-on-official-window At the official Nigerian foreign exchange market, the naira faced ongoing demand pressure. Regulation,Tax & Compliance News Aggregation Team Monday, February 17, 2025 12:00 am http://africa.managersofwealth.com/article/40045/south-africa-needs-new-debt-rules-ampndash-and-fast Rising interest payments have been crowding out critical expenditures on services such as health, education and infrastructure. Regulation,Tax & Compliance News Aggregation Team Thursday, February 13, 2025 12:00 am http://africa.managersofwealth.com/article/40030/the-ugly-truth-about-south-africaamprsquos-new-expropriation-laws The issue of perceptions and fears have been in full play since the laws were signed. Regulation,Tax & Compliance News Aggregation Team Wednesday, February 12, 2025 12:00 am http://africa.managersofwealth.com/article/40019/minimum-wage-warning-for-employers-in-south-africa Workers who are part of the expanded public works programme will earn a minimum wage of R15.83 per hour, an increase from R15.16 in 2024. Regulation,Tax & Compliance News Team Thursday, February 13, 2025 12:00 am http://africa.managersofwealth.com/article/40029/african-development-bank-and-germany-announce-major-initiatives-in-energy-access-private-sector-development The partnership will enhance support for the Bank Group’s energy access programs, focusing on implementing National Energy Compacts across member countries. ESG News Team Wednesday, January 29, 2025 12:00 am http://africa.managersofwealth.com/article/39949/african-development-bank-and-kpmg-present-new-financing-model-to-leverage-africaamprsquos-mineral-wealth-for-accelerated-energy-transition The report concludes by emphasizing the benefits of the new mechanism for both lenders and borrowers ESG News Aggregation Team Friday, January 17, 2025 12:00 am http://africa.managersofwealth.com/article/39882/world-bank-sets-africa-terms-to-win-40-billion-in-power-finance Thirteen countries will present their plans at a head of state Mission 300 energy summit in Tanzania at the end of this month. ESG News Aggregation Team Friday, January 10, 2025 12:00 am http://africa.managersofwealth.com/article/39846/financial-sustainable-and-generational-wealth It not only underpins national economic growth but also shapes socio-economic realities and lays the foundation for future generations to prosper. ESG News Aggregation Team Tuesday, December 31, 2024 12:00 am http://africa.managersofwealth.com/article/39788/a-major-risk-to-the-reserve-bank The South African Reserve Bank’s constitutional mandate suggests that the central bank’s role in ensuring environmental sustainability is indirect ESG News Aggregation Team Tuesday, December 03, 2024 12:00 am http://africa.managersofwealth.com/article/39648/climate-shocks-and-the-economy Sustainable economic growth implies that an economy is growing continuously at its potential and avoiding boom and bust episodes ESG News Aggregation Team Friday, November 22, 2024 12:00 am http://africa.managersofwealth.com/article/39593/africa-needs-a-climate-action-centred-on-people-not-carbon Zimbabwe, with per capita emissions of 0.9 metric tonnes, aims to reduce emissions by 40 percent by 2030 ESG News Aggregation Team Tuesday, November 12, 2024 12:00 am http://africa.managersofwealth.com/article/39529/massive-120mw-solar-project-launches-in-south-africa Hnizdo said that the build is the first phase of a longer-term renewable energy commitment ESG News Team Friday, October 25, 2024 1:00 am http://africa.managersofwealth.com/article/39433/environmental-social-and-governance-disclosure-is-critical-for-africaamprsquos-sustainable-development-afdb-vp-quaynor-at-inaugural-africa-esg-forum The forum aims to catalyze collaboration and knowledge sharing on ESG issues, paving the way for the establishment of a centralised Africa ESG Information Disclosure Hub and embedding ESG principles into the continent's development strategies. ESG News Aggregation Team Thursday, October 24, 2024 1:00 am http://africa.managersofwealth.com/article/39424/environmental-social-and-governance-disclosure-is-critical-for-africaamprsquos-sustainable-development Nearly one hundred delegates attended physically with a further 400 online sharing insights ESG