Managers of Wealth Africa

South African Bank Introduces Cryptocurrency Guidlines

Bitcoin and any of its altcoin relatives would also be subject to this statute.

South African Airways to Enter Into Bankruptcy Protection

Companies that are in the process of being rehabilitated are protected from liquidation and legal proceedings, enabling them to keep trading.

Arqaam shuts South African office as brokers pare back research

Profit margins for equity-trading companies that offer research have been squeezed in South Africa and other markets by the cost of MIFid II regulations, as well as a shift toward passive investing and a fall in trading volumes.

Legislators, pension operators demand PenCom Board

They also resolved to find ways to ensure that state governments comply with the provisions of the Pension Reform Act (PRA), as many of them are non-compliant.

Elsie Addo Awadzi on turning around Ghana’s banking system

A number of these banks had already been found to be insolvent, going as far back as 2015

African diplomat: Kuwait funds for Africa worth USD four bln

The African Agenda 2063 aspires in implementing vast projects

South Africa: Absa Bank seeks new direction after Barclays exit

Widely considered South Africa’s least adaptable major bank and the most unappealing to investors, Absa Bank has at times struggled to keep up with market fluctuations.

How the CBN’s OMO restriction is affecting the market

It has to do with the need to also support the initiative of the CBN such that funds will be available for the domestic SMEs.

Bank of Namibia keeps repo rate unchanged at 6.50 percent

The new regulation relating to restrictions on loan-to-value ratios issued in terms of the Banking Institutions Act, 1998

I’ve never collected kobo as pension from River state

The minister said he would turn down pension if offered to him.

NSE partners with AfDB, African exchanges to boost investment

The joint initiative will facilitate cross-border trading and settlement of securities across participating exchanges in Africa

Banks pay lowest rates on savings in 36 months

compelling banks to pay depositors at least 70 percent of base lending rate. This means customers have lost Sh1.75 for every Sh100 in their savings accounts since the law was changed

NLC tackles bank on 1,000 workers’ retrenchment

President of the NLC, Comrade Ayuba Wabba, said that rather than retrenching such a huge workforce, the bank should put in place measures to protect their rights at the work place.

Development bank approves $210m for Nigerian transmission grid project

The Bank’s financing, comprising a $160 million loan, and an additional $50 million loan from the Africa Growing Together Fund, will support construction of 330kV double circuit quad transmission lines and substations across the country.

APU: African lawmakers laud Buhari as Kalu speaks on FG’s strides

Kalu, while delivering his address at the conference, canvassed for youth participation in governance in Nigeria and other African countries.

UAE investments into Africa to flourish says Standard Chartered exec

Government-backed and private sector entities scale up activities ahead of pan-Africa free trade deal

Retirement Benefits Authority functions, offices, and contacts

Retirement benefits regulations, as well as other ongoing reforms, have become a significant part of the pension scheme sector after actualization of the Retirement Benefits Act Kenya.

South Africa Planning New Regulations to Prevent Use of Crypto for Capital Flight

The new rules are expected to go into effect Q1 2020.

Gordhan says SAA in ‘intense discussions’ with lenders, calls on public to buy tickets

The finance minister's latest statement comes after Flight Centre on Thursday said it would stop selling SAA tickets until "certainty" returned to the market.

‘NPRA’s directive to SSNIT will result in financial crisis’

The past credit is the contribution of workers to SSNIT before the coming into force of Act 766, which brought about the three-tier pension scheme.

Regulation,Tax & Compliance