Managers of Wealth Africa

Zimbabwe Central Bank Abandons Quasi Dollar

Zimbabwe has long been dealing with currency instability that in 2009

Net closing in on offshore companies and trusts

EU’s new economic substance requirements legislation targets tax transparency, fair taxation and compliance with anti-base erosion and profit shifting measures

EAC central banks hold lending rates stable to boost growth

Kenya’s Banking Survey for January 2019 released a week ago shows that lenders will continue channelling their funds to corporates and lower-risk investments in government securities.

Enhancing Africa-China Investments

The Central Bank of Nigeria (CBN) announced the signing of a $2.5 billion currency swap agreement with China in April 2018.

South Africa’s cheapest bank accounts: Capitec vs the rest

More banks have entered into Capitec’s space of late, with Old Mutual launching its Money Account, and Bidvest Bank moving into transactional banking with its GROW Account.

SEC seals illegal fund management firm

The statement read in part, “They have not registered with SEC and the commission has powers according to Section 13 (w) of ISA 2007 to shut down any company carrying out capital market activities without due registration.

Audit firms angle for key Central Bank job

Since 1991, only Ernst & Young, KPMG, PricewaterhouseCoopers and Deloitte — commonly referred to as the Big Four — have been interchangeably auditing CBK books on behalf of the Auditor General.

MPs restrict counties accounts to CBK

The changes also require county governments and their entities to seek approval before opening and operating the accounts.

Fund Managers Association of Nigeria fails to meet Its 2018 goals

2018 has come and gone and 2019 is underway, but to what extent was the Fund Managers Association of Nigeria able to achieve those goals.

Société Générale in Partnership with Rugby Africa

Rugby Africa is one of the six regional associations of World Rugby, the international body that oversees the organisation of the Rugby World Cup.

Examine your savings goals early ahead of #Budget2019

It is also worth considering that a significant fundamental difference between RAs and TFSI plans is the way that an excess contribution is treated during an assessment year.

These are the tax changes you can expect in next week’s budget, according to PwC

PricewaterhouseCoopers expects that fuel levies, estate duty and donations tax may be hiked.

Prophet Bushiri’s private jet seized: Major One running out of time

The jet has been attached by the South Africa’s Asset Forfeiture Unit (AFU) of the National Prosecuting Authority (NPA).

KDIC to crackdown on rogue banks

Currently banks are charged a flat premium of 0.15 per cent of total deposits for 12 months preceding the start of the financial year, or Sh300,000 — whichever is higher.

UK, East and Southern Africa countries ink new trade deal

The agreement is meant to ensure that trade between the UK and the African countries will not be disrupted by Brexit

Bankers Committee initiates special fund for creative industries, IT

Nigeria can become the heart of tourism if that sector is handled properly.

Africa money to bankroll US$3 billion Russian deal

This deal is going to be funded by African money.

FNB Wealth and Investments offers considerations ahead of Budget Speech

Personal income tax accounts for approximately 38.1% of total tax revenue according to the 2018 Tax Statistics, up from 37% in the previous year - of which 40% of taxpayers came from Gauteng.

South African Competition Amendment Act, 2019 signed into law

The revised Bill was then referred to the Portfolio Committee on Economic Development where further amendments were introduced after public hearings.

ADGM and Casablanca Finance City ink MoU to develop financial services

The MoU provides a platform for the authorities to foster best practice and knowledge in the fields of green finance and financial technologies.

Regulation,Tax & Compliance