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Regulation,Tax & Compliance

12/05/2024

Exxaro CEO suspended over governance practices

The company has seen several key executives resign in recent months.

12/04/2024

Sarb, climate shocks and the economy

We asked South Africa’s central bank what role it plays in bringing stability.

12/04/2024

IMF approves $360m third tranche loan for Ghana

This brings the disbursements under the ongoing three-year $3 billion Extended Credit Facility  arrangement to about $1.9 billion, since May 2023.

12/04/2024

South Africans hit with major “FACEBK” card fraud

One Absa customer also reported that they were targeted, but that the bank blocked the fraud attempt before the money went off.

12/03/2024

Warning for interest rates in South Africa

Inflation at the time was also low, a sign of economic slack or idle resources.

12/03/2024

East African banks turn to SME lending, but credit gap remains

The IFC alone has committed $4 billion in 2024 for MSME financing globally, focusing on

12/02/2024

UBA Expands Global Network with New Banking Hub in France

Expanding into France is a natural progression

12/02/2024

6 major scams targeting South Africans and their money in 2024

Nedbank notes that scammers often pose as bank representatives or trusted entities, creating a false sense of urgency to extract personal details.

11/29/2024

Minister unveils Digital Economy Policy, Strategy

The policy aims to leverage digital technologies to foster economic growth, improve public service delivery and ensure equitable access to digital resources.

11/29/2024

Standard Bank’s new banking fees for 2025 – including a new private account

For transactions, though, some adjustments have been made, especially regarding ATM charges for withdrawals.

11/29/2024

Standard Bank signs agreement with IFC to expand local currency lending in Africa

Standard Bank was selected as the partner for this initiative due to its long-standing relationship with IFC

11/28/2024

IFC Partners with Standard Bank and Rand Merchant Bank to Improve Local Currency Financing in Africa

IFC will collaborate with Standard Bank and RMB on cross-currency swaps

11/28/2024

IMF throws its support behind the Reserve Bank

The South African Reserve Bank (SARB)Governor Lesetja Kganyago said last week that a review of its 3% to 6% inflation target band was getting close to the end.

11/28/2024

Reps to summon CBN, banks over unverified POS operators

He called for immediate intervention to avert this ugly situation and “Shield Nigerians from the hands of criminals through the use of the POS system.

11/27/2024

Confusion reigns as Friday Zimbabwe Exemption Permit deadline looms

ZEP holders say it will be impossible to meet the deadline while application backlogs at Home Affairs persist.

11/26/2024

Ghana’s quest to become financial hub takes a giant leap

The inauguration of the Bank of Ghana's ultra-modern edifice, therefore, marks a significant milestone in Ghana's journey to become a financial hub in the sub-region.

11/25/2024

Thousands of employers in South Africa not paying pensions – R5 billion lost and counting

This was revealed after the Financial Sector Conduct Authority (FSCA) published the names of some pension funds and employers with arrear contributions.

11/25/2024

Recapitalisation: Three banks to raise over N500bn in rights issue

UBA’s Rights Issue aims to raise N239.4 billion, through the issuance of new Ordinary Shares to our shareholders.

11/25/2024

No evading responsibility for corporate fraud and corruption

New legal mandates and practical solutions.

11/25/2024

FSCA wants reasons for high two-pot withdrawal fees

While it is no price regulator, it may insist on transparency, disclosure, and fairness of fees.

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