Managers of Wealth Africa

LETTER: Dires state of Land Bank is due to Treasury’s oversight failure

Investors want clarity and an implementation plan, but the ANC government keeps making statements with no implementation intent

4 planned changes that every South African business should know about

Under the legislation, the minister will first need to publish a notice in the gazette identifying national economic sectors which will be impacted.

Retirees battle Teleposta over rent row, pension

The standoff between the retirees and Teleposta Pension Scheme started in 2005 leading to many court cases and frequent raids by auctioneers acting on behalf of the scheme.

Banks sound profit warnings on Covid-19 loan defaults

Banking sector’s ratio of non-performing loans has risen from March’s 12.5 percent to 13.6 percent in October— the highest since August 2007 when it stood at 14.41 percent.

Malawi Central Bank Suffers Fraud

Mchakulu has allegedly been making non supported transactions from the ORT (Other Recurrent Transactions) to a stationery supplier.

Nigeria: At Last, Govt's 774,000 Job-for-Youths Scheme Takes Off

It is also aimed at shielding the most vulnerable from the ravaging effects of COVID-19 pandemic, which include, but are not limited to, pervasive hunger, poverty, environmental degradation and joblessness.

Rand runs out of momentum

The rand traded flat overnight. Expected range today R14.80/$ - R15.20/$.

Travel restrictions for South Africa as countries ban entry over Covid-19 variant

This week Denmark said that it has also include South Africa on its list of ‘banned countries’.

South Africa hits grim milestone as it considers tougher restrictions

A further 844 deaths have been reported, with 452 new deaths reported in the Eastern Cape alone.

SA-based Global Credit halts Prime Bank’s Tausi Assurance rating

Prime Bank bought Tausi Assurance in 2018 in a takeover that saw the lender gain 80.7 per cent control of the insurance solutions provider.

Debt pain as payment of Sh162bn Naivasha SGR loan starts

The railway line linking Nairobi to Naivasha was opened on October 16, 2019 to help provide a seamless rail transit from Mombasa to the Ugandan border town of Malaba.

Audit woes at Land Bank has bondholder worried

‘Without the extraordinary government support, Land Bank is not financially viable’ – Nedbank analyst.

GH¢21 billion spent on banking sector clean-up - Akufo-Addo

The outcome is a smaller but more sustainable banking industry, though this has come at a price.

Can Zimbabwe take advantage of Africa’s new free trade zone?

Many African countries - including Zimbabwe - have pinned their hopes for economic renewal on the African Continental Free Trade Area (AfCFTA) agreement that came into force on 1 January 2021.

Why you need to switch to a new Pension Fund Administrator (PFA)

At Premium Pension, you have a dedicated account officer always ready to attend to any concerns or issues you might have.

Drop governors’ plan to borrow pension funds

Basically, it is laughable that a government that could not successfully manage its oil revenue and humongous domestic and foreign debts is now dreaming of accessing the pension funds contributed by toiling workers and their employers.

FCMB probes MD’s alleged unethical conduct

The petitioners are also asking the CBN and the FCMB board to dismiss Nuru on ethical grounds.

The Job Of Tomorrow

Some jobs will disappear and others will emerge as the world faces a dual disruption

Rwanda: Why Rwanda Amended Law On Nationality

The minister said that the organic law of 2008 needed to change since there were many developments on the national and international level.

New standardised bank cheque takes off

The CBN had emphasised its commitment to ensuring an enabling environment for efficient cheque processing and other paper-based payment instruments through complete application of new and already adopted technologies.

Regulation,Tax & Compliance