Managers of Wealth Africa

IMF: Nigeria Must Sustain Economic Reforms to Turn the Corner

According to him, reforms in governance and business regulations can lift Nigeria’s output by 6.4 per cent in the next three years.

SARS is coming after taxpayers in South Africa hard with new ‘masterstroke’ move

SARS announced a new tender on 26 August to appoint a panel of specialist tax consulting firms for a period of five years.

CBN lifts suspension on Standing Lending facility

These guidelines include key provisions that will have immediate implications for the financial markets.

Botswana central bank cuts interest rate again by 25 basis points

Dekop added. “Our aim is that this will assist in stimulating economic growth.”

Fidelity Bank Fined N555.8m By NDPC For Data Breach

Fidelity Bank was found to have breached the Nigeria Data Protection Regulation (NDPR) of 2019 and the Nigeria Data Protection (NDP) Act of 2023.

Bawumia pledges to reduce data costs, boost Ghana’s digital hub ambitions

To become a digital hub in Africa, Ghana’s telecom industry needs more investment.

HSBC Explores Sale of South Africa Business

The London-based bank, which now operates in over 50 markets, has been steadily reducing its presence in Western markets like the US, France, and Canada in recent years.

Citi inks referral agreement with Dubai's Network International

Citi has struck a referral agreement with Dubai-based Network International to offer the bank's corporate clients omnichannel payments services in the Middle East and Africa.

National Minimum Wage changes for 2025 are coming

Recommendations submitted by the deadline by stakeholders will be considered in these recommendations.

Why minimum wage payment may delay — Labour

Nevertheless, the union leader expressed optimism that the process may be concluded by the end of August.Nevertheless, the union leader expressed optimism that the process may be concluded by the end of August.

FATF: Mozambique Has Already Complied With 18 Recommendations for Removal From the Grey List

In July, Mozambican President Filipe Nyusi said that the country was working ‘hard’ to eradicate money laundering and thus meet the standards recommended by the FATF, in order to get off the grey list as soon as possible.

Hijackers have a new target in South Africa – and it’s not your car

The problem of hijacked buildings and properties in South Africa is intensifying, now spreading from commercial districts into urban residential areas.

GTB confirms attempt to hack bank’s website

It also allayed concerns about customer data being compromised, stressing that the bank does not store customer information on its website.

Kenya and Ghana currencies seen steady

The central bank injected dollars into the market last week, but pressure on the currency is building again.

Standard Bank puts plans to exit ICBCS joint venture on ice

Results from the JV contributed to a 2% decline in the bank’s profit in the six months ended 30 June.

Trouble for SARS over eFiling fraud

SARS Criminal Investigations and the SARS Anti-Corruption Unit also pursue these matters.

States should pay new minimum wage

Many states are adamant that they cannot pay the new wage, or they will go bankrupt.

R500 per month relief for homeowners in South Africa right around the corner

Rising mortgage repayments have strained household budgets, making it difficult for many to meet their monthly obligations.

ANC’s plan to tap into pensions shot down

The FSCA has opposed the ANC’s proposal of introducing prescribed assets, stating that it will hurt the nation’s retirement outcomes.

R30 million payday for Reserve Bank bosses

Through its interest rate decisions, the central bank must ensure that it balances inflation and economic growth.

Regulation,Tax & Compliance