Managers of Wealth Africa

Special Voluntary Disclosure Programme – tax aspects

Prospective applicants must obtain details of market values of the foreign assets held by them as at the end of February of each year for 2011 to 2015

Why a bank may have to close an account

The office of the Ombudsman for Banking Services would like to highlight other relevant legislation and conventions with which financial institutions must comply.

MTN suspends Nigeria dividends payout

MTN Nigeria continues to refute the allegations that MTN Nigeria had improperly repatriated funds from Nigeria.

SARB sets high bar for rate cut

The hiking cycle may be nearing its end.

Treasury moves in to seal Islamic finance loopholes

This is what regulators like the Central Bank of Kenya, Insurance Regulatory Authority, Capital Markets Authority , Retirement Benefits Authority and Sasra have to grapple with as Islamic finance grows in Kenya.

Financial inclusion a challenge in low income communities in Africa

It compares indicators of the financial environment, as well as regulation and supervision standards.

Patrick Njoroge named Africa’s best central bank governor

In May this year he received the Central Bank Governor of the Year Award at an African Development Bank conference.

Regulatory landscape changes in the Middle East

In the Middle East the regulatory landscape is evolving and International life companies have to navigate through the regulatory maz

Why South Africa faces a train smash if its finance minister is removed

The charges are widely viewed as an attempt to remove Gordhan from office without formally firing him, or to justify doing so soon.

Decrypting the legality of encryption in South Africa

A test case before the courts on the constitutionality or otherwise of end-to-end encryption, and access to encrypted communication in general, would be a welcome development.

SMEs bear the brunt of tighter bank regulations

Survey shows only 5% of SMEs in sub-Saharan Africa ‘adequately served’ by banks.

Ecobank gets $310m AFDB trade finance support

The bank added that it would enhance support to local enterprises in sub-Saharan Africa

Apex bank sets limits on banks' investment in govt Islamic bonds

The central bank said it considered the need to issue the guidelines to enhance the quality of sukuk instruments.

Africa's under-developed markets play catch-up with Basel

Since that collapse, the system has been on a course of antibiotics, one that hasn't quite worked.

Central Bank boss Patrick Njoroge feted for cleaning up banking sector

He emerged top for his integrity and was praised for re-establishing order in Kenya's banking industry.

SA’s outdated banking regulations stifling innovation

More significant than the high cost of entry is the fact that we have a banking and regulatory framework in South Africa that is incentivised to maintain the dominance of the large banks and to exclude new entrants.

Fall in South African inflation seen temporary cbank governor

There is no room for complacency in monetary policy

Union warns banks of court battles in looming layoffs

The banking industry fired 2,036 staff, most in clerical and secretarial units

CBK warns banks against changing customer deposit accounts

Banks had moved to reclassify deposit accounts to avoid paying the huge interest that would have accrued with the change in the law.

Banks face CBK wrath for increasing charges

Besides regulatory approval, the banks should explain to their clients the reasons for varying charges or terms and conditions in the existing contracts

Regulation,Tax & Compliance