Managers of Wealth Africa

Assets frozen after the death of a loved one – How does my family survive?

In South Africa, the estate must be reported to the Master of the High Court office in the regional jurisdiction where the deceased resided.

All financial institutions should work during lockdown - Bank of Ghana

President Nana Akufo-Addo in a broadcast last night, Friday March 27, announced a partial lockdown of some parts of the country for two weeks in a bid to contain the spread of the novel coronavirus pandemic.

Old Mutual faces potential money laundering charges in Zimbabwe

It is also alleged that fungible stocks provided some of the shareholders a conduit to launder money out of Zimbabwe.

COVID-19: Audi, McDonald’s And Other Brands Redesign Logo To Promote ‘social Distancing’

Meanwhile, several corporate brands have come up with innovative ideas to promote the message of social distancing at the time of the public health crisis.

South Africa may approach IMF over coronavirus impact

"We take no ideological position."

Reserve Bank takes steps to ease bank lending

While South African banks have been criticised by labour unions and small business owners for not doing enough to help struggling customers as the nation entered a 21-day lockdown on Friday, they have to comply with capital and reserve requirements as pre

African Development Bank issues world's biggest social bond in virus fight

Banks involved with AfDB’s bond sale included Credit Agricole SA and Goldman Sachs Group Inc.

Experts laud new tax measures

The overall new tax proposals announced by President Uhuru Kenyatta to cushion Kenyans against the impact of the coronavirus pandemic are expected to rob the tax man close to 100 billion shillings in revenue.

RBA fears massive benefits erosion

In a communique to 1,287 pension schemes, the RBA chief said it had reviewed reporting regulations to ease the schemes' pain by deferring submission of audited financial results by sixty days—after listed firms were given similar extension.

IMF, World Bank clear Somalia for debt relief, normal ties to world

The decision comes at a critical time for Somalia

African Development Bank picks Citi for US dollar coronavirus bond sale

Funding from the bank per project is typically below $200m, though a power-sector reform programme in Angola drew funding of $1bn.

NSE Relaxes Requirement for Listed Companies Due to COVID-19

The virus outbreak has already affected capital market obligations of some of the quoted companies

Kenya makes Kshs 115b emergency loan request

With suppressed economic activities which has chocked revenue the government has turned to Bretton woods institutions for budgetary funding.

CBK cuts main loan rate, lowers growth estimate to 12-year low

The extra billions of shillings will provide banks with low-cost funds for lending to households and small businesses expected to suffer reduced cash flow due to the virus.

Reserve Bank announces more coronavirus relief measures

The central bank said it will provide intraday liquidity support to clearing banks, through auctions conducted daily between 10h00 and 13h00 – except Wednesdays when the main repurchase transaction is conducted.

Here’s how the coronavirus lockdown will affect banking in SA

The banking sector will, for the most part, remain unchanged during the lockdown - with a few exceptions here and there.

Tax in the time of COVID-19

The goal is to ensure that households and businesses are able to keep their heads above water until the health crisis can be contained, so that the economy is ready to rebound once the worst of the pandemic has passed.

Acting selfishly has consequences right now – why ethical decision making is imperative in the coronavirus crisis

In fluid situations, these conditions are hard to meet.

COVID-19: Nigerian Stock Exchange To Shut Down Trading Floor

Investors gain N20.9bn Tuesday

Ramaphosa announces raft of 'quick, targeted' interventions to buoy SA economy

The president said that while the economic impact of the lockdown would be significant, the "costs of not acting now will be far greater".

Regulation,Tax & Compliance