04/17/2019
But included in the remedial action was also an order that the Constitution be changed to alter the Reserve Bank’s mandate — with the Public Protector even providing the text for the updated section.
04/17/2019
IZP Group’s Globebill Technology Co. was among third-party payment companies fined by China’s foreign-exchange regulator for violating rules on cross-border payments, Beijing-based Caixin Global reported in February.
04/17/2019
It is now struggling with critical capital and liquidity deficiencies, even as it seeks capital injections from its shareholders and an unnamed strategic investor.
04/16/2019
Under the Anti-money Laundering and Counter Financing of Terrorism (AML/CFT) law, the reporting of cash transactions is a key control in the detection and prevention of money laundering
04/16/2019
AfDB said this will be done with a regime of reduced tariffs and non-tariff barriers to cut the cost of doing business on the continent.
04/16/2019
The document, sent on March 31 by Fahmy to a FIFA body that investigates alleged ethics breaches and seen by Reuters, accuses Ahmad of ordering his secretary-general to pay $20,000 bribes into accounts of African soccer association presidents.
04/15/2019
In the latest auction investors asked to be paid an interest rate of 12.346 percent for the 10-year paper but the Treasury accepted 12.3 percent.
04/12/2019
It’s a life (or guaranteed) annuity inside a living annuity.
04/12/2019
Zimbabwe is also facing the challenge of responding to drought and the devastation from Cyclone Idai, Leon said.
04/12/2019
According to the maket conduct regulator, 36ONE had co-operated in the enforcement process.
04/11/2019
EOH, Tongaat, Aspen, BAT and MTN have all taken a beating.
04/11/2019
The Bank’s grant is targeted at laying the institutional foundations for the AfCFTA implementation secretariat and the roll out of the implementation programmes.
04/11/2019
But it’s an open question whether he will be able to repair the damage left by his predecessor – above all, Sars’ oversight of the tobacco sector, which has grown dangerously lax in recent years.
04/11/2019
Under the agreement with the IMF, policies will focus on eliminating the government’s double-digit fiscal deficit and adoption of reforms to allow market forces to drive the functioning of foreign exchange and other financial markets.
04/10/2019
The Bank also lowered its growth estimates for Sub-Saharan Africa to 2.8 percent in 2019
04/10/2019
In the past the government has mulled the idea of raising taxes on luxury goods to 15 percent from the current rate of 5 percent, to boost its tax to GDP ratio to 15 percent from 6 percent between 2017 and 2020.
04/09/2019
But tax experts explained businesses will suffer more than individuals because they will be left to pick up the bill.
04/09/2019
The report notes that the three largest African economies—Nigeria, Angola and South Africa
04/09/2019
The government of Zimbabwe has launched a new – but still unofficial -currency. However, this may not be enough to ease the country’s severe cash shortages. Tendai Marima reports.
04/08/2019
Mr Gupta's GFG Alliance has just received approval from British regulators for the Commonwealth Trade Bank to operate as a separate entity, almost a year after he acquired what was known as Diamond Bank UK, from its parent in Nigeria.