Managers of Wealth Africa

Standards regulator’s process ‘tainted by bias’ – high court

NCRS appointed company that lodged a complaint to test the brake pads of one of its competitors for compliance.

Banxso’s link to the Banc de Binary scam

Trading platform owner is benefitting from deep fake ads linked to the historic international binary options scheme.

African Development Bank Seeks Japan’s Help for Climate Projects in Africa

African Development Bank meets Japanese officials to discuss infrastructure, climate change, and investment in African energy and green tech.

CBN reforms boost diaspora remittances by $172m in a month

The Acting Director of Corporate Communications at the CBN, Sidi Ali, emphasised the bank’s commitment to facilitating smoother remittance transactions.

The province in South Africa on the verge of having more people unemployed than working

Businesses in South Africa need to update their policies

While the 2018 Prince judgment saw the Constitutional Court decriminalise the private use of cannabis by adults in South Africa, which led to increased private cannabis use.

More intervention could follow from proposed South African construction regulation changes

The Bill also aims to provide for the registration of construction professionals, such as architects, engineers and surveyors.

FG seeks 18-month extension for $800m W’Bank palliative scheme

The World Bank revealed this in its restructuring paper on how to bolster its social safety net programmes amidst rising inflation and economic challenges.

SARS warns taxpayers to check their bank details

Taxpayers who do not agree with their auto-assessments will have to file a tax return manually.

Rand hits under R18 to the dollar

According to Investec chief economist Annabel Bishop, the rand’s strength comes following high degrees of volatility ahead of and during the elections

BADEA announces an innovative and sustainable financing model in capital increase to ShafDB

The Arab Bank for Economic Development in Africa (BADEA) has announced a sustainable funding program aimed at assisting Shelter Afrique Development Bank (ShafDB) shareholders in paying their capital arrears.

The ‘special tax’ that could cut petrol prices to under R15 a litre in South Africa

South Africa’s fuel prices are heavily influenced by international factors

UBA fined N8m for violation of customer’s data privacy

The matter was funded by Paradigm Initiative (PIN) through its digital rights reporting platform, Ripoti.

AfDB and Italy agree on Multi-donor Special Fund to finance joint initiatives for Africa

The release indicates that the Fund targets high impact and climate aligned investments in key strategic sectors in support of sovereign entities in Africa.

Reserve Bank warns of big risks to South Africa

This was outlined in the South African Reserve Bank’s (SARB’s) latest Financial Stability Report (FSR) which evaluates the stability of the country’s financial system over the last six months.

World Bank approves Nigeria’s $2.25 billion loan request

Labour unions also have been pressuring Tinubu to roll back reforms.

Stanbic Bank Botswana and Debswana Diamond Company Launch CEEP Strategic Partnership

The collaboration underlines a shared commitment to enhancing the socio-economic landscape of Botswana

GN Savings and Loans breached a number of banking rules – BoG

Similarly, the institution’s adjusted Capital Adequacy Ratio of negative 61.20% as at end May 2019 is in violation of Section 29(2) of Act 930.

SARS clarifies new rules for buying from Amazon

The tax service said that this clearance process has been in place for a number of years

Blocked from tax returns and threats of fines and jail time – SARS warns of new scam

SARS urged taxpayers to ignore the email and report it to its fraud department.

Regulation,Tax & Compliance