Managers of Wealth Africa

Jamii Bora ordered to follow rules on payment of interest

When the company was supplied with the statement, it then discovered that the interest rate charged was above the banking rule cap.

Hope for Menzgold customers as EOCO seizes NAM1 mansions, cars

This revelation comes at a time when EOCO has frozen the bank accounts of NAM1 and is said to be making frantic efforts to trace his other assets.

Regulator talks to Absa about bank fraud complaints

Mboweni: South Africa plans to help bail out Zimbabwe

South Africa to extend short-term credit to Zimbabwe and help it write off its US$7.4-billion external debt

Investors splash Sh140bn on Treasury bills in Jan

The oversubscription is a result of a liquid market, analysts say, ironically due to heavy maturities of the same securities.

SA Reserve Bank maintains interest rates

Kganyago said the SARB now expects GDP growth of 0.7% in 2018

Cyberattack waves wash over West African banks

Who is behind these attacks remains unknown.

South African finance minister backs new Zimbabwean currency

The two sides reaffirmed their mutual commitment to working together to assist Zimbabwe, Mboweni said.

Insurance Companies Go Berserk After Banking Reforms

NIC Forced To Sharpen Teeth

Sanlam rules out jobs cut on Saham tie-up

The process will take between one and one and half years because claims must be handled in a manner that does not interfere with claims payment.

Setraco tops 2018 pension contribution tally

Coming third and very close to Aiico is Leadway Assurance Company Limited which contributed ₦137.105 million for 287 employees.

Access, Diamond merger to get all regulators’ approvals

A top official of Access Bank, who spoke to our correspondent, said, “The announcement of our merger plan was made after the CBN gave us an approval in principle.

ICSFS implementation goes live at the People’s Bank of Zanzibar

The deal involved both, conventional and Islamic Banking solution.

Reserve Bank proposes stricter cryptocurrency regulations for South Africa in 2019

The paper specifically recommends that crypto assets fall under ‘limited regulation’.

South Africa’s ANC says central bank should broaden…

The SARB’s mandate now focuses on price stability, but the ANC said in its 2019 election manifesto released on Saturday that monetary policy should also “take into account other objectives such as employment creation and economic growth”

All eyes on Kganyago’s decision on interest rates

“Contrary to the timing of the last MPC meeting in South Africa (in November), the start of 2019 has seen risk-aversion abate somewhat in global markets as commentary from US monetary authorities has become less hawkish.”

South African Government Begins Taking Steps to Regulate Cryptocurrency

This group aims to establish an educated and well thought-out plan for how cryptocurrencies and blockchain projects should be perceived and managed from a legal standpoint.

TUC to meet over GHC2bn private pension funds support for ‘distressed’ banks

President of NAGRAT, Angel Carbonu, who spoke to Citi News said the Public Sector Union will not allow the government to take over the scheme contributors fought hard to establish.

Ghana: Two Institutions Against Use of Ghȼ2bn Private Pension Funds to Support Banks

In another related development the President of the National Association of Graduate Teachers (NAGRAT) wants the government to abort plans of using GHȻ2 billion from private pension funds to support distressed banks.

Zimbabwe plans new currency as dollar shortage bites

Country, which abandoned its currency in 2009, is now short of hard cash to back up funds in local accounts

Regulation,Tax & Compliance