Managers of Wealth Africa

South African banks warn customers to stay away from Instant EFT

MyBroadband asked South Africa’s major banks for their view on Instant EFT services.

SA’s FinTech Group Capital Appreciation To List On A2X

In recent times, the Company has also successfully diversified into the Retail, Telecoms and Healthcare sectors. Capital Appreciation has a market capitalisation of R1.5 billion.

The Mauritius Financial Services (Exemption from Approval of Controllers and Beneficial Owners) (Revocation) Rules 2020

Pursuant to changes brought to the Act by the Anti-Money Laundering and Combatting the Financing of Terrorism

Regulator checks banks’ grip on unit trusts

The EastAfrican has learnt that the regulator and the stakeholders have agreed to expand the eligibility of trustees of unit trust funds to non-banking trustees such as accountancy and law firms.

Mboweni on government using South African pension money, and winning back the people’s trust

Government does not determine where retirement funds invest. It is the board of trustees of a retirement fund that determines the investment policy for that retirement fund as part of their fiduciary duty to the fund and its members.

Kenyan banks’ profiles at risk over increased lending to govt

According to Moody’s government bonds accounted for 37 percent of Kenyan banks assets last year and this sovereign exposure is likely to increase from these levels over the next 12 to 18 months.

CIBN advises banks on cybersecurity

The pace of these disruptive forces and their attendant effects on the financial service system has been intense.

NDB slammed for flaunting corporate governance

In responding to the concerns raised by the Committee, Morapedi said the NDB Act dictates that audited financial statements should be submitted within six months of year-end which is the end of September every year.

Safaricom seeks unit trust, insurance launch approval

This is the latest plan to grow the mobile money platform beyond sending and receiving cash, tapping loans as well as paying for goods to include insurance and wealth management.

CBK raises red flag on parastatal loan defaults

Parastatals are part of the 10 largest borrowers and depositors in banks and pay huge insurance premiums.

Absa bank embroiled in data leak, rogue employee accused of theft

Personal information belonging to banking customers was compromised.

Protect yourself from online scammers

Online fraud during the festive season tends to be on the rise, with criminals using every trick in the book to scam people.

Virus fears cloud outlook for South African banks

For the Standard Bank Group, the continent's largest bank, the rollout of vaccines could take time and the risk of "pandemic fatigue" may cause safety lapses during the holidays.

South African expats face stricter pension rules

As Treasury mulls tax relief for those stuck in the country during lockdown

African Development Bank Board approves People Strategy for 2021-2025

The strategy seeks to tap the Bank’s human capital – its most valuable resource – to deliver, through the institution’s projects, optimal development results for the people of Africa

KCB plans to acquire DRC bank in 2 years

“We are still very keen to grow business into DRC and that is what we will be looking at in the next two years,” said Mr Oigara.

CBK, statistics agency differ on key Q2 data

Dr Njoroge, as a result, expects annual economic growth for 2020 to rebound to an estimated 1.3 per cent from 5.7 per cent slump in the second quarter.

Banking Institute Secures Partnerships to Ensure International Standards

Panton lauded LBDI for being the first Liberian participant to brave the storm and to have attempted the International Certification Examination.

Magnus Heystek on Regulation 28: Hell hath no fury like vested interest scorned

In this article, Heystek – founder of Brenthurst Wealth Management – unpicks how things really work between regulators and powerful corporate interests.

Social security solidarity crucial’

With regards to defined benefit (DB) pension models, social solidarity is assumed by two factors.

Regulation,Tax & Compliance