Managers of Wealth Africa

Deloitte, we have a problem

Tongaat is the third major corporate scandal to have dragged Deloitte into its wake in recent years, considering it also happened to be the auditor at Steinhoff and African Bank

Investors Selling Bank Stocks Ahead Of LDR Implementation

Investors are aware that the new policy may force banks to start issuing high-risk loans

NBK to pay sacked staff Sh11.2m in compensation

On March 16 and 17, 2013 it was established that there was a systems breach at NBK where a fraudulent batch gateway of Sh330.02 million was processed in the BankFusion Universal Banking (BFUB) system but which was averted, the court papers say.

Angola to Sign Lusophone Country-Specific Compact

The signing of the compact follows a Memorandum of Understanding of a Development Finance Compact for Portuguese-Speaking Africa, signed during the Bank’s 2018 Africa Investment Forum held in Johannesburg, South Africa.

African Development Bank, Portugal and Cabo Verde sign compact to accelerate diversification, private sector development

It provides risk mitigation, investment products and technical assistance to accelerate private sector development in Lusophone African countries

Nigeria attracted $7bn deals from African Investment Forum — AfDB

He disclosed that the AfDB would be increasing its average investment in Africa from about $600m every year to about $1bn per annum in the next three years.

Windows for porting of PFAs underway as PenCom deploys ECRS

Making the ECRS public in a statement, the commission said following this feat, the Commission said it had “transited from the use at the existing Contributor Registration System, CRS, to the ECRS.

SA's super rich taking their wealth overseas ASAP - immigration expert

"The reasons vary tremendously, from concerns about our country's policies, to wanting to school children abroad, to wanting to diversify their investments offshore or simply wanting to travel more easily without challenging travel visa requirem

Shareholders get tough on executive pay

Old Mutual said with regard to the non-binding advisory resolutions, ordinary resolutions 6.1 and 6.2 - the remuneration policy and the implementation report, which received less than the required 75 percent of votes - it would directly engage with shareh

Growth-Hungry Nigeria Tells Banks to Use or Lose Their Money

Nigeria’s banks are some of the most reluctant lenders in major emerging markets, with an average loan-to-deposit ratio below 60%.

African Development Bank, Portugal and Cabo Verde sign compact to accelerate diversification, private sector development

Correia described the occasion as “an important day for Cabo Verde,” noting that it demonstrated the country’s commitment to press forward with private sector growth, which is key for our country.

Agbaje charges African General Counsel on versatility

He said counsel must not only be familiar with law related issues but must be familiar with other sectors like the essential technology such as Artificial Intelligence, robotics and block chain.

South African central bank stresses importance of independence

“In the South African context we do feel an independent bank is an important check in the equation. ... Our system has given government the fiscal policy levers,” SARB Deputy Governor Kuben Naidoo said in a public lecture.

Trade cautiously with single market and Africa’s economy could rise to top

The single African market is a great thing, but do you think its implementation will be smooth, given that regional economic blocs have been bogged down by trade disputes and poor implementation of Common Market protocols?

Zimbabwe Central Bank unleashes currency monitors on retailers

In an interview on Friday, Reserve Bank of Zimbabwe Governor, Dr John Mangudya said there was a need for businesses to comply with the Statutory Instrument 142/2019

Nigeria's central bank orders banks to lend or face sanctions

Nigeria’s economy has since recovered from that contraction, but lending has not returned as growth is slow and banks prefer to pack cash in risk-free government securities rather than lend to businesses and consumers.

To Spur the Economy, Nigeria Orders Banks to Loan More Money

Central bank sets 60% loan-to-deposit ratio target for banks

South Africa's central bank aims to sell African Bank stake in year or two

“It is not the intention of the Reserve Bank to own the share for a very long time but we do want to ensure that the bank is sound and stable before we exit,” Deputy Governor Kuben Naidoo told reporters.

Five things making headlines in South Africa today

Sarb repays monies lost to illegal schemes, AfriForum takes City of Tshwane to court over electricity tariffs, Denel asks state for cash injection and more.

Let’s reinforce power sector regulations to attract investments – African energy stakeholders

“Effective regulation is a key enabler of an improved business environment,” Kambanda said in opening remarks at a donors’ roundtable on Electricity Regulatory Index (ERI) for Africa.

Regulation,Tax & Compliance