Managers of Wealth Africa

Big question over VAT reversal in South Africa

The Finance Ministry has already gazetted its intention to introduce the new Rates Bill in parliament.

CBK gives banks up to October 2025 after issuing final guidelines on capital requirements

These guidelines introduce stringent requirements for liquidity management and capital adequacy to safeguard against financial shocks and promote sustainable growth.

When the rand was stronger than the dollar

This included a 30% tariff on South African goods, which has now been reduced to the global minimum of 10%.

Ministry of Finance to audit payables, commitments to validate legitimacy

Dr Forson said the government would ensure that its objectives remained on track, despite the challenges faced with implementation.

SA’s new rules on short selling come up … short

It will be impossible to get international brokers to comply.

African Development Bank and ECOWAS hold technical session on strengthening regional integration in West Africa

The meeting was chaired by Vice President for Regional Development, Integration and Business Delivery of the Bank Group Nnenna Nwabufo

South African province in crisis, and 125,000 jobs at risk

Analysts noted that the rand will continue to be influenced by news regarding the future of South Africa’s generally business-friendly Government of National Unity.

Vindication of R25 fee as EasyEquities inflows soar to R5.3bn

Six-month intake is two thirds higher than a year ago

Sanlam Kenya's Sh2.5 billion rights issue to open on April 25

The rights issue follows shareholder approval late last year during an extraordinary general meeting

Regulatory overload could stifle the crypto boom

Opening a crypto exchange was once seen as a fast track to riches, but the compliance burden is placing many smaller firms on the edge.

Don’t award government contracts without Finance Ministry’s approval – Minister

“It is in full alignment with the recently amended Public Financial Management Act, 2025,” he said.

President Mahama suspends post-retirement contracts

A statement issued by Dr Callistus Mahama, the Executive Secretary to the President, copied to the Ghana News Agency said consequently all requests for such appointments would no longer be considered.

Rand could crash to R22 to the dollar

While Trump launched the tariff to strengthen the dollar and local US markets by incentivising local production, the move has had the opposite effect.

Blows to South Africa keep coming

It will also drive up inflationary pressure, which will likely impact a host of local conditions, including the prospects for interest rate cuts.

Facts don’t support Trump’s reasoning for a 30% tariff on SA

The average tariff applied to US imports entering South Africa are closer to 7.5% than 60%. This effectively means the end of Agoa.

Auditors lack appropriate professional scepticism and professional judgement

These recurring deficiencies impact the quality of audits.

Kenya: Mwalimu sacco foregoes $62mln put in Spire Bank

Currently the lender is awaiting a liquidator’s hammer, though, in a move that would fold it up completely

Nedbank warns South Africans with banking apps on their phones

Nedbank stressed that South Africa’s high crime rate makes it vital that you secure your belongings, whether at home or in public.

Absa discloses increase in minimum pay of nearly R21,000pm

Banker ‘monitoring remuneration to ensure it’s fair and responsible in terms of race, gender and role’

DA rejects ‘Vat budget’ during parliamentary deliberations

Mark Burke, finance spokesperson, says he was mandated to amend the fiscal framework ‘by taking out the Vat increase’.

Regulation,Tax & Compliance