Managers of Wealth Africa

The Conduct Standard for Banks and how it will support the 6 Treating Customers Fairly principles

A financial customer must be assisted by banks to do what is requested.

Conduct Standard for Banks and amended Code of Conduct: rules for advertising non-insurance financial services

The Amended COC and the Conduct Standard were published with the aim of promoting the principles of Treating Customers Fairly

Backing AfDB’s new growth phase with quality leadership

Africa Development Bank (AfDB) is at the heart of the continent’s development.

Swisspartners exits single markets in Africa, South America and Turkey

While the company is hiring in Geneva and Zurich, some of the services it provides in these two cities may no longer be needed.

Botswana central bank seeks law to preserve shrinking sovereign wealth fund

Plans to limit a regular dip into the Pula Fund, which has reserves equivalent to 7% of GDP, comes at a time when Botswana’s diamond revenues - the main source of the fund - are likely to fall sharply due to the impact of the coronavirus.

EBRD approves membership of Algeria

If Algeria did become an EBRD recipient country, the Bank would seek opportunities to support private sector competitiveness, promote sustainable supplies of energy and enhance the quality and efficiency of public services in the country.

ANC to set out vision for post-Covid-19 economy

The ANC’s paper comes as business also lays out its economic plans

Ghana vs South Africa: The glaring financial differences between two leagues

One would have thought, Ghana, having dominated continental inter-club football in the late 90s and early 2000s, would have continued to be a powerhouse in all spheres of the game.

EACC recovers stolen assets worth Ksh 10.9B

Twalib commended the office of the director of public prosecutions-ODPP, saying the average concurrence rate on the outcome of investigations with the ODPP is 90%.

Banks face fines for unethical behaviour.

South African banks could face hefty fines or risk losing their licences.

Government drags its feet on retirement benefits reform

Last week, National Treasury and Cosatu officials met for the third time since April to consider giving retirement fund members access to their savings to mitigate the loss of income due to the Covid-19 lockdown and subsequent economic downturn. However,

Uganda's central bank threatens cap on bank interest rates

The move was aimed at reviving the economy and reducing the impact of the novel coronavirus.

Moi allies get Sh1.4bn in Transnational Bank sale

The price is a discount given that shareholders’ fund-- the amount of money Transnational could return to shareholders if all assets were converted to cash and all debts paid off -- stood at Sh1.82 billion at the end of March.

ANC’s Economic Transformation Committee wants a pro-growth monetary policy to help SA rebuild

The ANC’s Economic Transformation Committee has published its discussion document on how SA can rebuild its economy to recover from Covid-19 effects.

Retired teachers cry out over nonpayment of pension, cooperative contribution

He said many of them are now in difficult situation, as having food on the table and taking care of other responsibilities are becoming almost impossible.

Sanlam Banking On Tech, Partnerships To Boost Its Post-COVID Business Recovery

This digital transformation is opening up alternative distribution channels while revolutionizing the customer experience.”

Coronation Merchant Bank partners Union Systems to commence full automation of its Trade Finance Operations

Coronation Merchant Bank has continued to make giant strides in Trade financing.

Walkers Advises ABSA Bank and Africa Ex-Im in TAAG Financing

The Walkers team was led by Cayman Islands senior counsel Sarah Humpleby and associate Arleth Ebanks.

3 significant changes proposed for South Africa – including restructured elections and easier access to pension funds

On Tuesday, parliament’s standing committee on finance published its full report on South Africa’s special adjustment budget and revised fiscal framework.

South Africa’s IBs can breathe easy as JP Markets finally bites the dust

JP Markets, which was unlicensed and had a poor reputation among introducing brokers in South Africa, has been forced into administration by the authorities, and had its bank accounts frozen.

Regulation,Tax & Compliance