11/18/2019
SA Revenue Service dismisses top legal officer following disciplinary hearing
Mokoena's services were terminated on Friday.
Regulation,Tax & Compliance
11/18/2019
New rules to stop money from leaving South African hedge funds
Like their global peers, South African hedge funds are facing more competition from passive funds, while meagre returns have intensified scrutiny on fees.
11/18/2019
KDIC rejects vulture fund’s Imperial bid Bank
KDIC was also asked to contribute cash capital into the company equivalent to a fifth or the entire sum claimed by depositors.
11/18/2019
Bank of Tanzania warns against crypto currencies
The statement further said the bank was also aware of the incidences where these currencies are being marketed and traded with a perception of making them appear as if they were a legal tender in the country.
11/17/2019
The regulatory agenda moves on
Regulators may need to consider changing from supervising entities to supervising activities
11/17/2019
Ecobank Strengthens Creative Industry Financing
Ecobank’s collaboration with Terra Kulture, was one of the many partnerships, which is hoped to boost contribution of the creative industry in Nigeria to economic growth.
11/17/2019
Financial services need to wake up to fact that treating customers well is good business
The aim of the new law is to improve financial sector conduct and ensure fairer outcomes, particularly for customers.
11/14/2019
Treasury seeks to increase budget by Ksh86B
Treasury wants to increase spending to 3.13 trillion shillings in the fiscal year 2019/20.
11/14/2019
Hedge Funds in South Africa Bet on New Rules to Stem Outflows
“This is the next evolution of where we are going,” said Hayden Reinders, the chairman of the Association for Savings and Investments South Africa’s hedge funds standing committee. “We want to create awareness that a hedge fund is
11/14/2019
South Africa is emerging as a new hub for Retail Forex Trading
South African Rand is the most traded currency in Africa in terms of daily volume
11/14/2019
S.Africa's Nedbank to pay for mortgages under new rewards scheme
The kinds of behaviour it will reward include the use of cards rather than cash, responsible borrowing and saving.
11/13/2019
Ecobank signs up to The United Nations Environment Programme’s Finance Initiative (UNEP FI) Principles for Responsible Banking
The Principles aim to create a financial sector that serves people and the planet while delivering positive impacts and improving people’s quality of life
11/13/2019
Zimbabwe issues own banknotes to ease cash crunch
One Zimbabwean dollar is currently worth around six US cents.
11/13/2019
Regulator reprimands 11 banks for inadequate core capital
Declared reserves and equity funds form the core capital for banks.
11/12/2019
KRA challenges Tax Appeals Tribunal ruling on withholding tax
Some of the sector players, were in disagreement arguing the move would see customers incur a higher tax burden that would wipe out their winnings as well as eat into the amount they had put in the bet.
11/12/2019
KNCCI partners with banks to ease capital access for SMEs
For this reason, they say that the NCCI is in talks with banks and other financial lenders to ensure that members of the chamber and SMEs receive these credits lenders seamlessly and in good time.
11/12/2019
Absa gets banking licence after acquiring Barclays Bank
The company, which has been operating in Uganda for close 92 years, reiterated its commitment to the country’s growth and economic development under the Absa brand.
11/12/2019
Bill to nationalize South Africa's central bank back in parliament
Unlike most central banks in the world, the South African Reserve Bank (SARB) is privately owned.
11/12/2019
NBK Lost Ksh 9 Billion in Deposits in 3 Months After KCB Buyout
The two entities have different competencies and propositions. We will go bank to the regulator about the model. Closing the brand comes with downsides because it is not automatic all customers will remain
11/12/2019
European Investment Bank Expands Trade & Investment Insurance Benefits to West Africa
Agreements for intended financing signed at African Investment Forum