Managers of Wealth Africa

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

Pension Fund: Reps Summon Maina, Malami, Oyo-Ita

We are not here to witch hunt anybody but at the same time will not allow anybody to take this committee for granted

Employers shrug off Tier-2 pension for millions of workers

Meanwhile, the NPRA, regulator of the country’s pensions industry, including SSNIT, says it lacks the power to take on employers that flout the law, which it cited for the low compliance rate.

EU deals Tunisia another heavy blow

The following day, World Bank official Marouane Al Abbasi was appointed by the Tunisian Parliament as his successor.

Anti-money laundering laws expose our financial sector’s soft underbelly

This was a shift from his predecessor who was concerned more about financial inclusion and bank managed to escape with their sins.

Pension funds: a looter continual

Hawks were asked to investigate plunder of Bosele National Provident Fund years ago, but are still unable to answer questions about it

Changes to S Africa’s Regulation 28 welcomed by asset managers

The changes to pensions fall under Regulation 28 of the Pension Funds Act.

Group petitions President Buhari over alleged fraud in PENCOM

The Alliance urged the present management “to immediately establish an edifying procedure

Guernsey regulation works for South African investment vehicle

APBL is incorporated in Guernsey and listed on the Bermuda Stock Exchange, offering investors regulatory protection across a number of jurisdictions.

Reserve Bank and Treasury pushed for smaller African Bank fine

It prompted a call by DA spokesman for trade and industry Dean Macpherson for an investigation into the matter by Parliament’s trade and industry committee.

South Africa budget increases wealth tax

Both measures will take effect on 1 March.

Regulation,Tax & Compliance