Managers of Wealth Africa

South Africa’s biggest bank mulling its future in the UK

FirstRand set aside more money despite winning a major reprieve in the UK case.

UBA extends rights issue deadline

This extension is aimed at providing shareholders with additional time to fully exercise their rights and participate in the Rights Issue,” the statement partly reads.

New laws hiding a ‘stealth tax’ on South Africans

The experts explained that the issue is the exclusion of CIS mergers from the definition of an “amalgamation transaction” under section 44 of the Income Tax Act.

Bank capital requirements under 2024 business law

We also explore investor opportunities and regulatory implications that could reshape the future of banking in Kenya.

Swearing-in Ceremony of the New President of the African Development Bank - Exceptional Coverage by AFRICA24

Africa24 will provide a full coverage of this historic ceremony and the related events surrounding the inauguration of the new president, offering its viewers exclusive insights into the key issues and prospects of this major transition.

Goodbye cash – Reserve Bank wants full control of South Africa’s instant payment system

The Competition Commission has recommended that the Competition Tribunal approve the acquisition of BankservAfrica by the South African Reserve Bank (SARB), without conditions.

Bank of Ghana issues new forex guidelines for importers

A key highlight of the amendment specifically targets importers, who must now provide a comprehensive set of endorsed documents to support any foreign currency transactions related to their business.

CAGD to collaborate with OSP to prosecute payroll irregularities

This move followed concerns raised by the Public Accounts Committee (PAC) of Parliament about financial irregularities, including unearned salaries and overpayment of salaries, as cited in the 2024 Auditor-General’s report.

Contractors must prepare for South Africa’s Draft Carbon Budget and Mitigation Planning Regulations

The Draft Regulations aim to institutionalise carbon budgeting and mitigation planning for emitters that produce 30,000 tons or more of declared greenhouse gas emissions per year.

‘Good governance key as insurance firms recapitalise’

The Nigerian Insurance Industry Reform Act 2025, signed into law, has mandated new capital thresholds for insurance players.

South African banks are closing the taps

The tightening of credit comes as companies increasingly require funding to adapt to climate-related challenges and shift towards a low-carbon economy.

National Minimum Wage changes for South Africa are coming

The National Minimum Wage is the lowest remuneration rate that employers are obligated and legally permitted to pay their employees for each ordinary hour worked.

PenCom warns PFAs against investing in banks’ AT1 capital

According to the PenCom’s regulation on investment of pension fund assets, PFAs have guidelines as to where they can invest.

Ghana Faces Tough Choices on Jobs as World Bank Urges Policy Shift

The findings come from the Bank’s latest Ghana Economic Update, which spotlights the nation’s persistent labour market challenges.

Nedbank exiting international business for R1.8 billion

Nedbank said Bosquet Investments has provided appropriate security to evidence the funding for the purchase consideration.

Sustained deceleration in monetary aggregates

According to the data, private sector credit extension (PSCE) increased modestly by 4% y/y to NGN76.1trn in Jun ‘25.

Asiama Urges Banks to Fund Productive Sectors

The governor therefore urged financial institutions to prioritise SME credit as part of a coordinated national recovery effort.

Kuwait busts Nigerian-led cybercrime ring targeting telecoms, banks

Specialised teams from the Criminal Security Sector launched an urgent investigation, uncovering a network of suspects who allegedly used advanced electronic devices to breach telecom systems.

Kganyago explains why he went over National Treasury’s head on 3% target

The central bank announced last month that it now prefers inflation to settle at 3%

Kenya’s central bank enforces lending and capital rules as 11 banks face penalties

This is part of the CBK’s push for cheaper credit in Kenya’s economy

Regulation,Tax & Compliance