Managers of Wealth Africa

Santam warns of plunge in headline earnings, while Sanlam impairs businesses

Short-term insurer’s foreign exchange gains were offset by falling underwriting volumes, while investments were also hit

Scarcity disrupts banks, IOCs, telcos’ forex payments

Banks lower international spending limits on cards

South Africa's economy faces uncertain future

Unemployment rises, GDP falls during pandemic

Kenya’s energy regulator sends chief home in term renewal row

Mr Oimeke was appointed as EPRA’s Director-General on August 1, 2017 on a renewable three-year term. The extension of his contract has, however, been contested over allegations of abuse of office and corruption at the energy regulator.

In Central Africa, Economic Recovery Must Go Through a Reform of Forex Regulations

In his latest analysis on the African oil sector, Leoncio Amada NZE, Executive President for the CEMAC region at the African Energy Chamber and CEO of APEX Industries argues that there will not be a recovery in Central Africa without addressing the region

When the going gets tough: Four points to consider during a SARS transfer pricing audit

Back at home, the South African Revenue Service (“SARS”) has seemingly been measured in tackling profit shifting and base erosion.

“Loop” structures and the controlled foreign company rules

Note that this investment could be in the form of a share or loan.

Tanzania new rules affect foreign media broadcasts

A journalist during a demonstration on stringent media laws in Kenya on December 3, 2013. Local stations seeking to air footage from another broadcaster within or outside Tanzania must get a permit.

SA collective investment schemes attract record flows from investors

"The R88 billion in net inflows includes reinvested distributions of R20 billion, which means R68 billion was brand new money that had not been investeed in CIS portofolios before,"

Nigerian banks earnings under pressure from pandemic impact, CBN policies

Keeping the huge idle cash with the central bank in a non-interest yielding account puts “a lot of pressure” on the earnings of the banks

Bank robberies, fraud involving staff hit over N12bn

The public domain is awash with reported cases of such fraudulent activities

Government’s plan to use South African pensions

The main purpose is to protect the members’ retirement provision from the effects of poorly diversified investment portfolios.

Congo's central bank makes huge rate hike to 18.5%

The regulator had lowered the rate from 9% in March in order to cushion the economy from the impact of the coronavirus pandemic, following similar actions by African central banks as the virus spread across the continent.

Board of UBA Approves Audited Half Year Financial Results

The statement reads “Please refer to the announcement dated July 28, 2020 which notified the Nigerian Stock Exchange and the investing public of the Board Meeting of United Bank for Africa Plc.

Adam Bonah Warns Of More Cyber Fraud Threat In Banks

He further admonished the general public to be vigilant in order not to fall prey to scammers who are after their hard-earned cash.

We are not expecting another banking crisis in Nigeria, says Fitch’s Dissanayake

At this stage, it is very difficult to predict how bad it will get or even provide you with a forecast impaired loan ratio for FYE20.

EBRD and CaixaBank boost SME financing in Morocco

In Morocco, the EBRD was one of the first financial institutions to develop financial and advisory instruments to mitigate the impact of the COVID-19 pandemic on the economy.

As banks issue warnings to investors, who will be the biggest loser?

The bank is expecting up to 85% slump in its earnings for the six months to June.

Sh9 billion Covid cash lies idle in CBK vaults

Donations comprise Sh215.9 million from voluntary pay cuts by public servants, including President Uhuru Kenyatta and his Cabinet secretaries, as well as another Sh300.9million in contributions from individuals and private firms.

New streamlined permits regime introduced in Mauritius

New rules announced in the Budget speech

Regulation,Tax & Compliance