Managers of Wealth Africa

Big S.African insurers face $232 mln in claims from 500 virus-hit firms

They are firms in the hospitality and tourism industry now on the cusp of closure after virus restrictions bought their businesses to a standstill.

Senate summons Zainab Ahmed, Emefiele, others over cross-border tax evasion

The heads of the Nigerian Financial Intelligence Unit (NFIU); the Nigerian Export-Import Bank (NEXIM); Nigerian National Petroleum Corporation (NNPC) among other relevant institutions were also invited.

Ready, set, protect! Is your workplace ready for POPIA?

Employers must also be aware that employees have the right to submit a complaint to the Information Regulator and to institute civil proceedings in respect of an alleged interference with the protection of their personal information.

Equity bank halts expansion plans

“Our expansion is in two ways; horizontal and vertical. We have opted for vertical expansion where you deepen and then scale up your market share in the countries you are operating in,” Mr Mwangi told The EastAfrican.

Tatu City, Absa Bank sign mortgage financing deal

Tatu City head of residential sales Beatrice Njeri said the partnership is aimed at making home ownership accessible to all income earners.

African countries make headway in tackling tax evasion and money laundering, report says

It provides comparable tax transparency statistics to aid decision makers to address illicit fund flows.

Conduct standard on net asset valuation calculation and pricing for CIS portfolios published

The Conduct Standard comes into operation in mid-November 2020, six months after the date of publication, allowing a transitional period for Mancos to ensure compliance with the Conduct Standard.

South Africa not winning the fight against corruption, yet - NPA boss Shamila Batohi

DA MP Glynnis Breytenbach questioned whether there were enough investigators and prosecutors.

Standard Bank taps Salesforce to enhance digital banking experience

The company will also allow the clients to use the bank’s platform to create such solutions for themselves.

House rejects banks’ attempt to cut taxation

The institutions said the amendment would align the computation of bad debts provisions for tax purposes to those of the CBK, which would effectively reduce the challenge of tracking every transaction.

Equity applies brakes on expansion after Mara flop

Equity Bank’s plan to acquire 100 per cent shareholding in BancABC of Zambia, Mozambique and Tanzania including 62 per cent of the shares of Banque Populaire du Rwanda Ltd fell through last week after 16 months of negotiations with Atlas Mara Ltd (A

IMF says South Africa loan talks occurring at measured pace

The pandemic has forced the ruling African National Congress to end its long-held resistance to borrowing from the IMF and the National Treasury requested assistance to cover virus-related spending at the end of April.

Can AFCFTA Deliver On What It Promises?

While the AfCFTA agreement does not itself regulate the protection of investments

Zimbabwe stops stock exchange trading and mobile money transactions to stabilise currency

Inflation in the southern African nation is at 786% and its economy is forecast to shrink as much as 10% this year, according to the World Bank

Six financial ombuds offices are lost in limbo

The Financial Sector Regulation Act was introduced to the National Assembly way back in October 2015 and in part establishes a new ombud structure as a national public entity for the purposes of the Public Finance Management Act.

African Anti-graft Agencies Move to Halt Movement of Illicit Funds

“There is a lot of loot in Ghana. We are already talking with them and plans are in place to recover them. We will recover them”,

African countries making headway in tackling tax evasion and money laundering, 2020 Tax Transparency report says

The report provides comparable tax transparency statistics to aid decision makers to address illicit fund flows. The 2020 report covers 32 Global Forum member countries, and three non-members: Angola, Guinea Bissau and Malawi.

Nedbank, 702 and CapeTalk launch their 'Nedbank Business Ignite campaign'

The campaign will be on air again on 702 and CapeTalk on Mondy, 29 June with the focus on helping small businesses and entrepreneurs to transform their businesses after the COVID-19 pandemic.

Ghana bank governor fears ballooning deficit not sustainable

The bank's Monetary Policy Committee will meet in July and assess the impact of current measures.

Keep more of your money

Are you future ready? Considerations to maximise your after-tax income.

Regulation,Tax & Compliance