Managers of Wealth Africa

Data Privacy Day: how accurate were our POPIA predictions?

Now, as we start a new year, organisations should interrogate how effective the measures they have implemented are and whether any changes need to be made.

Stepping ahead of cybercriminals, the First Bank example

This means that In today’s digital age, customers could perform different banking transactions from the comfort of their homes and offices.

South Africa central bank raises rates by 25 basis points as expected

The decision was split 4-1 between members of the Monetary Policy Committee

Kenya's apex bank retains benchmark rate at 7 pct as economy picks up

It said overall inflation declined to 5.7 percent in December 2021 from 5.8 percent in November, mainly due to lower food prices.

Banks push for risk-based lending but experts differ

Kenya has been working ton the model since repealing the interest capping law in 2019

New rules planned for foreign workers in South Africa

Social partners at Nedlac will also be afforded the opportunity to adjust the Policy and the Bill during May/June before we make a submission to Parliament, it said.

New case tackles mandatory vaccinations at work in South Africa

Businesses have a statutory obligation to provide a safe and healthy working environment

New African payments system for cross-border deals negotiating with more banks

The platform aims to boost trade in the Ghana-headquartered African Continental Free Trade Area

FG probes online banks over breach of customers’ data privacy

In November 2021, NITDA partnered with the Federal Competition and Consumer Protection Commission to address the increasing rates of data privacy abuse by money lending organisations, particularly fintech firms.

Government must figure out how to best implement a basic income grant, ANC NEC says

In December a panel recommended the country gradually implement a basic income grant, beginning with the institutionalisation of the SRD.

The Mauritius FSC clarifies requirements to meet substance conditions

As a reminder, effective 1 January 2019, the deemed tax credit regime whereby companies holding a Category 1 Business Licence were entitled to claim a deemed tax credit of 80% was abolished and replaced by a partial exemption regime on qualifying income.

No Ghana Card, no banking - Banks ready to comply

The Ghana Association of Bankers (GAB) said the July 1 deadline was favourable and they would take the necessary steps to enable them to comply.

Government to Continue Driving Islamic Finance Growth in Nigeria

Growth will be driven by top-down government support for the sector, sukuk issuance by the federal government, asset growth by newly-established Islamic banks, and enabling regulations.

Trade liberalization in Africa and arbitration clauses in cross-border agreements

Before consenting to arbitration, contracting parties should consider the various nuances of arbitration as a form of dispute resolution mechanism.

Dhitoimaraini Foundi, Olive Crowd: Mauritius is one of the first countries in Africa to create a regulatory framework for Crowdfunding

The Financial Services (Crowdfunding) Rules 2021 came into operation in Mauritius on 4 September 2021.

Regulation,Tax & Compliance