03/23/2018
Recent Updates in Mauritius
The MRA has introduced the Tax Arrears Settlement Scheme.
Regulation,Tax & Compliance
03/21/2018
Commercial Bank of Africa starts operation in Rwanda
“Rwanda stands out amongst its peers in East Africa because the economy has grown impressively and sustainably from 2000 to 2017, with a GDP growth rate averaging 7.2% annually,” said CBA Group Chairman, Desterio Oyatsi.
03/21/2018
Mauritius: Promoting Mauritius International Financial Centre in the Gulf
The mission, from 18 to 23 March, is organised at the initiative of the Ministry of Financial Services and Good Governance in collaboration with the Economic Development Board.
03/21/2018
Mozambique Proposes Haircuts That Bondholders Swiftly Reject
The government, represented by Finance Minister Adriano Maleiane, also wants to write off half its past-due interest payments
03/21/2018
ECB and the South African Reserve Bank sign a Memorandum of Understanding on cooperation
The Memorandum of Understanding provides a framework for a regular exchange of information, policy dialogue and technical cooperation between the two institutions.
03/21/2018
Capitec CEO Slams Short Seller Viceroy At Parly Hearing
Fourie told the committee that it only granted credit through a model based on client behaviour, affordability and revenue source.
03/21/2018
Ghana Is Said to Name Citi, Three Others to Market Eurobond
Ghana will follow other sub-Saharan African issuers such as Ivory Coast and Kenya
03/21/2018
Bogotá Chamber of Commerce looks to Africa, Asia and Middle East for stronger commercial ties
The agreement was signed by Hamad Buamim, President of the Dubai Chamber, and Mónica De Greiff, Executive President of the Bogotá Chamber of Commerce.
03/20/2018
New S.African President Cyril Ramaphosa Suspends Tax Chief
Prosecutors announced on Friday that Zuma would face corruption charges on allegations of accepting bribes over an arms deal before he became president.
03/19/2018
How SA, other Africa central banks could move on rates
Slower inflation and more stable exchange rates have built a case for looser monetary policy in Kenya, Ghana, South Africa and Nigeria.
03/19/2018
G20 urged to adopt common regulations for cryptocurrencies
It is understood discussions on cryptocurrencies will take place across both days between finance officials from G20 members.
03/18/2018
Tax Challenges Arising from Digitalisation: More than 110 countries agree to work towards a consensus-based solution
The members of the OECD/G20 Inclusive Framework on BEPS will work towards a consensus-based solution by 2020, as set out in their Interim Report on the Tax Challenges Arising from Digitalisation released today.
03/16/2018
African Central Bank Governors want AU to regulate members' revenue management
They echoed their thoughts during the 20th Senior Policy Seminar convened by the African Economic Research Consortium and Bank of Uganda.
03/14/2018
Court Allows Bank Of Baroda To Leave South Africa Over Gupta Brothers Links
Bank of Baroda was the only bank that had been working with the Gupta companies after all South African banks severed ties with them following corruption allegations against Ajay, Atul and Rajesh Gupta involving billions of rands.
03/13/2018
The New Trust At National Pension Commission
Stakeholders interpret the ongoing steps towards internal reforms, increased professionalism and transparency of the whole process, as a welcome development.
03/12/2018
VBS, the bank that rescued Zuma, put into curatorship
The tiny mutual bank, best known for its R7.8m loan to help Zuma pay back the Nkandla money, ignored repeated warnings on municipal deposits
03/09/2018
US's Tillerson warns African nations not to 'forfeit their sovereignty' by taking Chinese loans
U.S. Secretary of State Rex Tillerson has warned against African nations accepting Chinese loans.
03/08/2018
FG Swoops On Tax Evaders In Maitama, Asokoro, Others
The FIRS source disclosed that government is now in possession of relevant intelligence on the identity of owners across the country from state governments.
03/08/2018
SARS collects R3.3 billion from South Africans with unauthorised overseas assets
“The R3.3 billion includes agreements to pay SARS following information contained in the ‘Panama Papers’,” it said.
03/07/2018
ANC withdraws motion to debate nationalisation of Reserve Bank
This would mean that the existing structure of private shareholders within the central bank would fall away.