02/20/2017
Nigeria to boost FX sales to retail users to help narrow black market rates
The bank has been trying to clear the backlog via forward contracts sold to manufacturing, agriculture and airline companies
02/20/2017
The national treasury also noted that the matter has reached a stage where the banks have to answer for themselves.
02/20/2017
These acts of corruption have crudely exposed the ethical crisis in the South African banking sector.
02/20/2017
It is also widely known that South Africa's VAT rate is low when compared to other African countries, which is why we believe there is scope to increase.
02/20/2017
The double taxation agreements provide exemption from taxes for national air carriers and government investments om the origin-based taxes.
02/17/2017
Citigroup, Barclays said to assist on rand probe to avoid fine
Their disclosures to the Competition Commission could save them from being penalised if the information they provided is proven correct
02/17/2017
Reps caution on management of contributory pension fund
There is therefore an urgent need for a regulatory framework to guide practitioners in the industry.
02/17/2017
The government will act against bank collusion, Jacob Zuma says
The President was commenting on the price-fixing scandal involving three of SA’s biggest banks — Standard Bank‚ Absa and Investec
02/17/2017
Standard Bank may have to pay R51bn fine over forex
But the implicated banks would have to pay much less if the fine were calculated on the turnover of their currency units, said Intellidex analyst Stuart Theobald
02/16/2017
The banks involved include Absa, Standard Bank, Investec, HSBC and Momura International plc.
02/16/2017
They did this allegedly by making fictitious sales to drive up demand and change prices‚ or agreeing not to trade for a period of time.
02/16/2017
It referred the case to an antitrust tribunal, concluding an investigation that began in 2015.
02/16/2017
Commercial Bank of Africa and the KCB Group have both partnered with telecom operator Safaricom to offer banking services.
02/15/2017
The new guidelines give the CBK a say on the amount of capital held by banks with regional operations in a move that may see large lenders seek additional funding.
02/15/2017
Commenting on the new certification policy which is expected to take off soon
02/13/2017
Kibati said the profit withdrawal notice had also been necessitated by a reduction in the level of impairment provisions
02/08/2017
The PCF is the equivalent of Kenya Deposit Insurance Corporation the deposit insurer for commercial banks, which compensates depositors when a bank collapses.
02/07/2017
The Inspectorate General’s Fraud Investigations Division is currently looking into a complaint concerning ECP Africa and Spencon.
02/07/2017
Insurance became more sophisticated in Enlightenment-era Europe.
02/06/2017
The National Treasury has accused county governments of operating "irregular bank accounts" where they have deposited huge amounts of money contrary to government regulations