Managers of Wealth Africa

New rules for R150 trillion market in South Africa

South African rand-linked OTC derivatives traded onshore and offshore exceed R150 trillion in value, according to the central bank.

NITDA warns Zoom users over vulnerability that could allow attackers take over accounts

NITDA-CERRT advised users to update affected Zoom applications immediately and implement additional security measures, including multi-factor authentication (MFA).

NAICOM confirms seven more insurance companies have met capital requirement

The Commission said seven of the eight insurance companies that were previously undergoing final verification and regulatory review have now been confirmed as compliant with the new capital thresholds.

New laws sent to Ramaphosa to sign

The proposed law sets out the criteria and procedures that must be followed when determining or redetermining municipal boundaries, as well as when municipalities are divided into wards.

IMF urges Ghana to sustain quarterly electricity tariff adjustments

‎The sector shortfall declined to US$1.4 billion in 2025 from US$1.6 billion in 2024, but remained a significant pressure on public finances.‎

Finance Ministry orders review of NAICOM’s N680 million recapitalisation fees on two insurers

The letter was signed by the Permanent Secretary, Federal Ministry of Finance, Raymond Omachi, on behalf of the Minister of Finance and Coordinating Minister of the Economy.

Mutual trust drives my working relationship with Mahama – Opoku-Agyemang

She said she understood the pressures and responsibilities associated with the presidency and therefore saw her role as supporting President Mahama in achieving the administration’s objectives.

New R2 coin becomes legal tender in South Africa

The apartheid pass laws were some of the most reviled aspects of the system, used as a measure of control by the apartheid government to restrict and control the movement of black South Africans.

Ghana’s economy has positive outlook amid global challenges – BoG Governor

The event was attended by entrepreneurs, businesses, traders, trade associations, and other actors in the private sector.

Minimum R1.4 million salaries for managers in South Africa’s collapsing municipalities

These include a municipality’s total population, the income it produces, and its total equitable municipal share.

Nigerians panic as hackers attack Zenith Bank, steal customers’ information

The financial institution stressed that the incident involved only limited customer information, adding that its banking services and digital channels remain secure and fully operational.

Sarb governor outlines cautious stance on technological change

Kganyago sets out opportunities and risks of AI and stablecoins as Sarb marks 105th anniversary

We don’t have the power to lead African Bank: Kganyago

A banking consortium, which includes FirstRand, Standard Bank, Absa, Nedbank, Investec and Capitec, collectively holds the remaining 25%, while the iKamva Lethu Employee Trust Scheme owns 10% on behalf of permanent employees.

Make or break for the South African Reserve Bank

The six-member MPC were split over the decision, with four calling for a hold and two calling for a 25 basis point hike.

Freezing of bank accounts linked to terrorism financiers

The country has endured years of trauma and insecurity, which has rendered many persons homeless and quite a good number dead.

Big shift in expectations for interest rates in South Africa

The Reserve Bank’s decision to hold interest rates caught many economists by surprise, after many expected a hike in response to June’s inflation rate.

BdM Warns High Public Debt Continues to Distort Financial Markets

The central bank said these arrears are having an impact on ‘weak appetite for government securities

The ‘real’ value of the rand in 2026

This volatility can be seen over a longer period, as the rand was trading at close to R18 to the dollar one year ago.

Nigerian-owned Caribbean bank takes Zambia to court in $40 million fight over failed bank investment

The bank says it spent nearly two years trying to have the holding formally registered by regulators but never received recognition.

Ex-World Bank president slams one African country's borrowing strategy, warns it could backfire

If the economy gets worse, this competition can lead to major deadlocks.

Regulation,Tax & Compliance