Managers of Wealth Africa

SA needs an economic Marshall Plan run by professionals not bureacrats

Unlike their older, larger counterparts, they create more jobs for every rand of their revenue. Our government is not prioritising these.

Banks go for government securities as non-performing loans pile

Bank managers fear for the worst in Q2 results as effects of coronavirus check-in.

Treasury plans ‘extraordinary changes’ to spending plans to avoid sovereign debt crisis

The adjusted budget is necessitated by the R500 billion stimulus package government announced to fight the Covid-19 pandemic on the health and economic fronts.

Insurers claim Covid-19 does not trigger “infectious disease” insurance claims

South Africa’s financial regulator does not see the lockdown as a trigger for business interruption claims, but it does provide some good news for the beleaguered hospitality industry.

Insurers claim Covid-19 does not trigger “infectious disease” insurance claims

South Africa’s financial regulator does not see the lockdown as a trigger for business interruption claims, but it does provide some good news for the beleaguered hospitality industry.

Zimbabwe anti-corruption body starts audit of the rich

The operation is using powers the commission gained in July 2019 to demand an explanation for how people earned their wealth - known as an unexplained wealth order.

Bank of Baroda closes subsidiary in Ghana

The closure of overseas bank branches is part of government''s plan to rationalise and streamline operations under the reforms agenda for the banking sector approved in 2017 under the then finance minister Arun Jaitley.

Why sweat in a country where corruption is rife?

Presidents have come and gone, all calling out this menace and promising to slay it.

China's Shandong Gold to buy Ghana-focused Cardinal Resources for $221 mln

The Chinese miner will also subscribe for 26 million new shares to be issued by Cardinal at a price of A$0.46 per share for a total A$12 million.

The Mauritius Financial Service Commission Issue Communique On Its License Filing And Reporting Obligations

The FSC has thus confirmed that it will continue to maintain a flexible approach

Bank of Ghana report shows that banks withstand COVID-19 shocks, SDIs hit hard

The report noted that the COVID-19 measures to curb the spread of the virus such as the lockdowns, border closures, and social distancing that were announced by the government disrupted economic activities.

Ecobank Ghana makes history with receipt of Green Climate Fund accreditation

By this, accreditation the bank attains direct access to funding for the financing of climate change mitigation and adaptation projects, as well as grants for capacity building.

IMA Releases New Reports on the Role of CFO in Sustainability

Reports analyze integration of finance professionals in sustainable business activities

Land Bank hopeful to raise R3bn within the next fortnight

In a notice on the Stock Exchange News Service, issued on Wednesday, it outlined timelines for its restructuring process, as well as a second stage – "repurposing strategy".

Tanzania gets $26m IMF loan for debt relief

The pandemic has weakened near-term macroeconomic prospects for Tanzania and in almost the entire sub-Saharan Africa.

CBK boss spared over Imperial Bank hearing

The CBK placed the bank under receivership in October 2015 after the board of the mid-sized lender alerted it about alleged malpractices.

African Development Bank joins Nasdaq Sustainable Bond Network

By joining the Nasdaq Sustainable Bond Network, socially responsible issuers are provided a unique opportunity to bring attention to their concrete actions

Nigerian Government Issues Amendments To Order On Voluntary Offshore Assets Regularisation Scheme (VOARS)

The Order also allows persons to elect to access any of the offshore assets regularisation facilities in Liechtenstein, Nigeria, UAE, Switzerland, UK or elsewhere by paying a 2% facility access fee.

Absa restructures 26pc of net loans

This has led to layoffs, reduced cash flow for businesses and forced unpaid leaves, which have set the stage for loan defaults.

Sanlam delays paying parent group Sh2.8bn

Sanlam Life paid $7 million (Sh745 million) in the year under review while Sanlam Plc have extended repayment to end of 2020.

Regulation,Tax & Compliance