05/25/2020
The Reserve Bank has relaxed accounting and capital rules to release additional money for lending and more than doubled its holdings of South African government debt, helping to bring down borrowing costs in the domestic market.
05/25/2020
Two months after shutting down the economy to contain the spread of the coronavirus, South Africa's government is preparing to ease restrictions that will enable more workers to return to their jobs.
05/25/2020
Treasury projects an under collection of tax revenue between R250 billion and R300 billion. More detail on this is expected to be provided when the adjusted budget is tabled.
05/25/2020
The IFWG’s initial exploration of the South African crypto asset market culminated in the 2019 consultation paper (opens as a PDF) which provided an overview of the regulatory and market risks and benefits associated with the emerging crypto assets
05/25/2020
As manufacturers, miners and industries prepare their factories and offices to receive their employees, banks have found there's no need to immediately go back.
05/24/2020
The 2019 Index, which builds on the first edition published in 2016, provides up-to-date data on the status and progress of regional integration in Africa
05/22/2020
In the banking sector, most banks are now grappling with managing their loan book embarking on restructuring the has now surpassed Ksh 150 billion since March.
05/22/2020
Unlike elsewhere, Africa’s crypto adoption is dichotomized because typicals such as mining bases, supporting merchants, Bitcoin ATMs, crypto exchanges and nodes are hard to come by.
05/21/2020
Another important point is that companies operating in the collective investment space, the life office or the South African banking environment are highly regulated.
05/21/2020
Cryptocurrencies also offer lower-cost and faster remittance payments than is currently available.
05/20/2020
The quick reopening of a bond within a week of its sale is uncommon, suggesting the State is keen to raise additional funds at a time when the Covid-19 outbreak has hit tax collections amid heavy maturities of debt.
05/20/2020
This is to develop an appropriate response to the outbreak to sustain the business and identify new opportunities that may arise as the economy and consumer needs adapt to a world reshaped by the outbreak.
05/20/2020
Kenya has plans to spend 53.7 billion shillings ($503 million) on a stimulus package to support businesses hit by the pandemic, which the Treasury says won’t affect its budget deficit.
05/20/2020
The Kenya Commercial Bank (KCB) Group CEO Joshua Oigara's annual pay increased to KSh 299.1 million in 2019 from KSh 272.9 million he earned in 2018.
05/20/2020
Equity was ranked 82nd, EABL 90th, and KCB 92nd.
05/19/2020
The Group delivered a 26 percent increase in gross earnings of N666.8billion from N528.7billion in 2018, comprising interest in-come growth of 41 percent from previous levels to N155.9billion despite declining interest rate environment.
05/18/2020
The central bank also unveiled a N100 billion health sector credit facility for operators in the sector.
05/17/2020
“This would be below the adequate level of reserves for Uganda, and would leave the country in a vulnerable position,”
05/17/2020
Some told me point blank it was impossible and others argued that a section of the Constitution required all revenues to be paid into the federation account and distributed.
05/15/2020
Exports, foreign direct investment as well as portfolio investments that support the shilling are expected to be constrained, also leading to a fall in the gross domestic product (GDP) growth to the lowest level in more than a decade.