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Regulation,Tax & Compliance

07/08/2021

Nigeria: African Development Bank bolsters women-empowered businesses with $50 million loan to FCMB bank

Thirty percent of the funds, which are intended to mitigate effects of the challenging Covid-19 environment, are earmarked for underserved women-empowered businesses.

07/07/2021

Several court judgments later, insurers are still fighting lockdown claims

ICA CEO Ryan Woolley said his firm had positive interactions with Hollard South Africa, Old Mutual Insure and some smaller insurers such as Factory & Industrial.

07/07/2021

Double-digit growth in PSCE by FBNQuest Capital

There is a long way to go in boosting financial intermediation when we consider the scale of the unbanked informal economy.

07/06/2021

CBN pledges increased interventions to SMEs

Emefiele urged the government and the private sector to provide more support in addressing the challenges of SMEs in the country.

07/02/2021

Major South African Insurance Company Suffers Data Breach

It is unknown yet how much information was exposed to cybercriminals following the recent data breach

07/02/2021

SA must show ambition or risk not getting climate finance: Ramaphosa panel

It also warned that the nation’s export markets may shrink as countries impose tariffs on their carbon intensity.

07/02/2021

South Africa’s $4 billion in crypto scams has regulators scrambling to bring in new regulations within the next three to six months

South Africa is now locked in a race against time to bring in new regulations to curb the misuse of cryptocurrencies in the country.

07/01/2021

South Africa’s tax season is now open – what you should know about lockdown and filing

These taxpayers are encouraged to continue doing so digitally, starting from 1 July 2021, it said.

07/01/2021

IMF approves $1bn loan to finance Uganda's Covid-19 response

"Reforms will focus on creating fiscal space for priority social spending, preserving debt sustainability, strengthening governance, and enhancing the monetary and financial sector framework," the statement said.

07/01/2021

Final step in phasing out the GBL1/GBL2 and deemed foreign tax credit regimes in Mauritius: What next?

Grandfathering provisions were introduced to ensure a smooth transition into the new global business framework

06/30/2021

World Bank Calls for South Sudanese Government, Donor Investment to Support Jobs, Peacebuilding

The study pinpoints effective first steps to help recovery.

06/30/2021

Data shows South Africa is set for interest rates hikes

The central bank’s quarterly projection model, which the MPC uses as a guide, indicates two rate increases this year of 25 basis points each and a key rate of 6.11% in 2023.

06/28/2021

Complying with the new Tax & SPV regimes in Mauritius

Mauritius has continued to innovate in order to retain its role as an international financial centre of substance

06/27/2021

Central bank head confident South Africa can weather global interest rate rises

Continent’s most industrialised country is less vulnerable now than last year, says Lesetja Kganyago

06/23/2021

W’Bank: How Nigeria Can Generate N10tn Tax Revenue in Three Years

“This calls for a carefully calibrated set of policy and administrative measures that can grow revenues without discouraging investment.

06/21/2021

South Africa moves ahead cautiously with proposed regulation of the crypto space

Daily SA trading hit R2-billion in January. Government wants oversight.

06/20/2021

Bank of Ghana orders banks to stop charging customers illegal fees

The Central Bank also directed banks and SDIs to desist from calculating interest rates on borrowing monthly instead of annually in accordance with section 55 (2) of the Borrowers and Lenders Act.

06/18/2021

Does a business rescue plan impact the liability of surety for debt?

In this case, Mr van Zyl appealed against the High Court decision which found in favour of Auto Commodities (Pty) Ltd

06/18/2021

Zambia: African Development Bank approves $1.4 million grant to improve household food security in the wake of Covid-19

The Zambian project is in line with the Bank’s High 5 strategic priorities, specifically, Feed Africa, Industrialize Africa, and Improve the quality of life for the people of Africa

06/18/2021

Goldman Sachs is ramping up in SA, putting it on collision course with local big banks

Already a top trader of South African government bonds, Goldman is ramping up financing in the country, muscling into an area dominated by local lenders such as Standard Bank and FirstRand.

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