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Regulation,Tax & Compliance

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.

03/07/2018

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

03/05/2018

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.

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