Managers of Wealth Africa

Barclays Africa challenges findings on apartheid-era bailout

The constitutionally mandated anti-corruption agency said Absa must repay 1.1 billion rand ($83 million) to the state.

IMF urges Zimbabwe to expedite arrears clearance to multilateral creditors

The payment of the debt arrears followed IMF’s approval of Zimbabwe’s debt clearance strategy under which it pledged to clear a combined 1.8-billion-dollar debt arrears to the IMF.

South Africa: the quest to rediscover sound fiscal policy

One area that has been particularly hampered is infrastructure development.

S.Africa's graft watchdog won't challenge central bank in court over mandate

They argue that Mkhwebane had gone beyond the scope of her mandate.

Proposed comprehensive amendments to the JSE Debt Listings Requirements move closer to implementation - ENS AFRICA

The latest version of the amendments is available here and the explanatory memorandum is available here.

Push for new rules to protect retirees

Mr Kili said the industry is one of the most vibrant sectors of the economy

South Africa's central bank says nationalization won't affect mandate

The bank said that even if its shareholding were to change, it would continue to derive its mandate from the constitution

Why Uganda should continue with pension sector reform

The main role of this task force was to prepare a clear and practical policy framework to serve as a road map for the reform of the pension sector.

Lagos State government pays 218 retirees benefit

The retirees pray that God will continually give the Governor the heart of helping the less privileged.

Swiss Watchdog Still in Contact With Credit Suisse on Mozambique

Credit Suisse disputed the report's findings, saying banking fees charged to arrange loans for Mozambique's state-owned companies amounted to $23 million.

KPMG explanation of Gupta wedding audit 'unconvincing and inadequate': Corruption Watch

KPMG was accused of passed off wedding expenses as business costs.

South Africans have R30 billion tucked away in Swiss banks

The data covered by SNB shows the liabilities covered for foreign currency banks, customers and fiduciaries.

Capacity building: African Exchanges sign MOU with CFA

The African Securities Exchanges Association is the Premier Association of the twenty-seven (27) securities exchanges in Africa who have come together with the aim of developing Member Exchanges

Collapsed Imperial Bank needs Sh40bn capital for revival

The regulator was granted a 90-day extension of receivership by the High Court following an agreement between the shareholders.

Mozambique Banks Snared in Debt Crisis Must Merge to Thrive

Mozambique’s banking sector faces a serious systemic risk of collapse.

SA regulator disputes dropping of rand-rigging charges

Standard Bank said charges against some banks to be dropped.

Banks Balk at Risk of Funding South Africa Mining Charter Deals

We already exercise caution as to who and what projects we finance.

Redefining CSR for Sustainable Development

For banks, since the introduction of the Nigeria Sustainable Banking Principles, as a pillar for CSR by the Bankers’ Committee in 2012, a lot of the financial institutions have continued to support the society.

Nigeria positions N100b sukuk as gateway for investors

Sukuk is an Islamic bond, structured in such a way as to generate returns to investors without infringing Islamic law

Kenya central bank to extend receivership of Imperial Bank, licenses new bank

The central bank gave no reason for the suspension of licensing, but it came after it had placed Imperial Bank under receivership in October 2015

Regulation,Tax & Compliance