10/06/2017
South Africa: Proposed repeal of foreign employment income tax exemption
SA tax residents are taxable on their worldwide income.
Regulation,Tax & Compliance
10/06/2017
South Africa orders pension fund probe over possible irregularities
We need to assure pension holders that those with political or economic power will not be allowed to unduly influence the PIC.
10/05/2017
Malawi approves Islamic Banking, Sharia-compliant services
Once developed, the guidelines will be shared with each bank
10/05/2017
African Bank fully funds R3bn SA Reserve Bank's indemnity facility
The full funding of the Sarb indemnity facility by RDS releases the reserve bank and National Treasury of any further potential liability towards RDS.
10/05/2017
Old Mutual's Nedbank Group deciding on McKinsey’s services
The controversies around the Gupta family have also spread to companies including auditors KPMG and public relations firm Bell Pottinger.
10/04/2017
Ghana’s new banking regulations shake up sector
The BoG, which moved quickly to investigate the liquidity levels of the remaining 34 commercial banks in the country, found that seven banks failed to meet the minimum capital requirement of C120m.
10/03/2017
SA Govt bailouts won't help SAA, says former finance minister Trevor Manuel
Citibank demanded R1.8 billion by the end of September.
10/03/2017
Pressure grows on KPMG as Munich Re Africa drops it as auditor
Munich Re’s decision was taken last Friday, Conradie said
10/02/2017
Defining banking beyond profitability
Banking is not all about profitability.
09/29/2017
Why new pension bill must be dropped – SGF, NLC
He lamented that public and private employees were currently struggling to comply with the current contribution of 18 per cent
09/29/2017
Politics Hampers South African Central Bank, Governor Says
The High Court has set this order aside, after the central bank sought a review of her directive.
09/29/2017
Contributory pension: Police make a U-turn on exit
The Inspector General of Police, Ibrahim Idris, said that the NPF already had a Pension Fund Administrator, which was taking care of retirees, who were contributors to the CPS.
09/28/2017
Labour leader kicks at plans to reform contributory pension scheme
Mr. Aremu, a national executive committee member of NLC, said that the new bill was informed by “narrow and vested interest consideration” and cannot do justice to all.
09/27/2017
Absa to sell off a part of its insurance business
Absa’s WIMI website makes no reference to insurance, only offering customers products relating to wealth management
09/27/2017
Banks, pension managers, others stake N105bn on sukuk bond
It is hoped that with the success of the offer and the proceeds from it, the Ministry of Power, Works and Housing will begin work on the road projects in earnest, the DMO added.
09/27/2017
South Africa's rand, bonds take a beating on U.S. rate hike talk
Traders said South Africa’s dismal economic outlook and ongoing political turmoil was set to worsen sentiment toward the rand and sharpen the downward trend.
09/26/2017
Conjuring fears of systemic risk from KPMG disgrace delays the remedy
It is as unnecessary and unproductive to twist the knife further as it is unnecessary and unproductive to support KPMG for reasons that fail to pass muster.
09/25/2017
More banks considering mergers, takeover– BoG
Dr. Addison assured that there will be guidelines to supervise the smooth implementation of the mergers and takeovers.
09/25/2017
Cryptocurrency Wave 'Cannot Be Stopped'
Other topics addressed included how blockchains can help move payments across borders.
09/22/2017
Algeria: six government banks to offer islamic banking by 2018
The process will be approved in four other government banks in 2018.