03/16/2017
MetCI to exit its white-labelling business
As it pursues new strategies.
Regulation,Tax & Compliance
03/16/2017
Sell Standard Bank, says stockbroking subsidiary
SBG Securities flags concerns over personal and business banking.
03/16/2017
Old Mutual secures microfinance licence
The microfinance unit has been established, and we have received a licence from the RBZ and in April this year
03/16/2017
Gupta-linked company Homix in game of lies to shift millions of rands offshore
The Democratic Alliance was successful in gaining clarity on the banking activities of Gupta-linked company.
03/16/2017
NPA retirees stage protest over unpaid pension arrears
NAN reports that some of the placards read: “NPA Management pay us as you have been paying yourselves”, “Your enjoyment is our labour, pay us”, “Harmonise our pension benefits, and “Hadiza, Woman of Integrity”.
03/15/2017
Treasury calls out asset managers for lack of transformation
Possible interventions to assist with the transformation of the asset management subsector included third-party branding
03/15/2017
Treasury calls out asset managers for lack of transformation
A useful approach could be to incentivise larger investment houses to charge concessionary rental fees.
03/14/2017
Fresh tax amnesty rules hand fat cats window to bring back offshore wealth
The returns for such income must be filed by December 31, 2017
03/14/2017
Banking Association says transformation should not mean loosening regulation
Banks are accountable for what they do with depositors’ money.
03/13/2017
Nigerian regulators push for deal in Etisalat debt talks
Telecoms regulator and central bank governor intervene after company missed a payment on a $1.2bn loan
03/13/2017
Ghana Signs Double Taxation Agreement With Mauritius
The agreements were signed on Saturday March 11, 2017 at Port Louis
03/10/2017
Central Bank of Kenya admits rate cap law squeezing small lenders
The introduction of interest rate caps limits the effectiveness of CBK’s monetary policy and consequently.
03/09/2017
Clear confusion on offshore wealth amnesty – tax gurus
This, they argued, may result in the Kenya Revenue Authority missing targets from the amnesty.
03/09/2017
How to change the retirement landscape in Africa
A common theme of all 10 principles is putting member interest at the very core of all decision making and undertakings of pension funds.
03/08/2017
MTN Mulls First Rand-Bond Sale in 7 Years on Nigerian Woes
The wireless operator has 1.25 billion rand of bonds maturing in July
03/07/2017
Central Bank of Nigeria Says ‘We Can’t Stop Bitcoin’
Nigeria has issued several warnings against a few cryptocurrencies in the past, including bitcoin.
03/07/2017
Sale of NBG Group’s stake in the South African Bank of Athens
The transaction is expected to close within the second semester of 2017 and is subject to customary regulatory and other approvals.
03/06/2017
First Day of Dealings
First Day of Dealings on the Main Market of the London Stock Exchange and on the Main Board of the Johannesburg Stock Exchange
03/06/2017
deVere Group receives investment banking licence
The investment banking licence comes just six weeks after deVere launched its own private bank
03/05/2017
Jersey signs Double Tax Agreement with Mauritius
This is the 13th full DTA signed by Jersey that complies with the OECD Model Agreement.