06/26/2020
NGO shareholder activist Just Share has led the charge with a call to shareholders of the biggest bank in South Africa to vote against the re-election of five “climate-conflicted” directors.
06/25/2020
Excluding the Covid-19 specific adjustment, the bank said it recorded a net profit after tax of R85 million on a pre-Covid-19 adjustment basis
06/25/2020
“After careful consideration, EGH and ATMA have mutually agreed to discontinue discussions on the transaction for the foreseeable future.”
06/25/2020
Publish What You Fund ranked the Bank ‘very good’ — The highest of the five categories used to assess organisations’ transparency
06/25/2020
Uganda discovered commercially viable oil deposits in 2006 and plans to start production in 2023-24.
06/25/2020
If the amendment is passed by Parliament, CMA will have the powers to scrutinise the books of firms that have attracted resources from public funds considering that pension schemes investments in PE firms has been on a growth trajectory in recent years.
06/25/2020
Singapore is a relatively young country, like many in Africa, but is now globally considered as an example to follow in terms of sustainable economic development
06/24/2020
The G-20 in April agreed to provide the relief to help free up funds for more than 70 poor nations to deal with the pandemic, but the process has been slow, with many private creditors on the sidelines.
06/24/2020
The House committee turned down the introduction of the new tax on the retirement savings, arguing that it would add to the growing old age poverty.
06/24/2020
All taxpayers with outstanding tax liabilities and have not paid or entered payment plans to do so by 20th of June 2020, failure to which appropriate enforcement measures will be instituted against the outstanding debt.
06/24/2020
Normally, high liquidity in the market would see a push for some tightening, either in the base rate or raising the cash reserve ratio for banks.
06/24/2020
With revenues expected to continue falling, African Bank will review its strategy and put in place further cost-cutting initiatives
06/24/2020
Mwangi said that the bank's decision is in line with its business continuity management that speaks to risk assessment
06/24/2020
The overall gross losses on card transactions in South Africa amounted to 428.6 million rand (24.8 million U.S. dollars), which is a 2 percent decrease compared to the previous year, said Mewalall.
06/24/2020
First Bank and Access Bank Warns Customers Against Bank Fraudsters
06/24/2020
The firms through their lobby group, the East Africa Private Equity and Venture Capital Association (EAVCA), are opposed to the proposal to be regulated by the CMA on the basis that it will amount to "overregulation" given that pension schemes a
06/23/2020
The charges accrued between February 1st and April 30th, due to ommissions by the tier-1 bank.
06/23/2020
Being “fit and proper” means an applicant and/or licensee is, on the balance of probabilities, competent and capable of carrying out business in a manner that is both honest and correct.
06/22/2020
Costs are estimated to range from less than $200,000 for Caribbean passports to more than $1 million for European nations.
06/22/2020
Unlike their older, larger counterparts, they create more jobs for every rand of their revenue. Our government is not prioritising these.