Managers of Wealth Africa

Get ready for National Minimum Wage changes in 2026

Along with the extension, the commission has also called on stakeholders to complete an online survey and questionnaire, which will also go into consideration in the final report.

Reserve Bank chooses to hold rates

Reserve Bank governor Lesetja Kganyago said that global markets appear to be resilient in the face of market turmoil and uncertainty.

Bank of Ghana cuts policy rate by 350 basis points to 21.5% 

He said in the outlook, headline inflation was expected to drop to within the median term target of 8 plus or minus 2 per cent by the end of the fourth quarter.

African Development Bank Group President Ould Tah pays courtesy call on President Ouattara

Ould Tah expressed his gratitude to the Ivorian leader for the support he received during his election in May becoming the ninth president of the pan-African multilateral institution.

Nigeria: Naira appreciates below $1.004 against dollar first time since February

This stability in the black market rate suggests a potential shift towards a more unified exchange rate regime

FG suspends controversial 4% import duty levy

In a letter dated Monday, September 15, 2025, and addressed to the Comptroller-General of Customs, Mr Wale Edun—acting in his capacity as Chairman of the NCS Board—ordered the immediate suspension of the levy.

Government withdraws controversial law changes in South Africa

If implemented, credit bureaus would have been able to collect information from state institutions, courts, insurers, fraud investigators, utilities, and debt collectors, as well as educational institutions.

South Africa’s biggest bank mulling its future in the UK

FirstRand set aside more money despite winning a major reprieve in the UK case.

UBA extends rights issue deadline

This extension is aimed at providing shareholders with additional time to fully exercise their rights and participate in the Rights Issue,” the statement partly reads.

New laws hiding a ‘stealth tax’ on South Africans

The experts explained that the issue is the exclusion of CIS mergers from the definition of an “amalgamation transaction” under section 44 of the Income Tax Act.

Bank capital requirements under 2024 business law

We also explore investor opportunities and regulatory implications that could reshape the future of banking in Kenya.

Swearing-in Ceremony of the New President of the African Development Bank - Exceptional Coverage by AFRICA24

Africa24 will provide a full coverage of this historic ceremony and the related events surrounding the inauguration of the new president, offering its viewers exclusive insights into the key issues and prospects of this major transition.

Goodbye cash – Reserve Bank wants full control of South Africa’s instant payment system

The Competition Commission has recommended that the Competition Tribunal approve the acquisition of BankservAfrica by the South African Reserve Bank (SARB), without conditions.

Bank of Ghana issues new forex guidelines for importers

A key highlight of the amendment specifically targets importers, who must now provide a comprehensive set of endorsed documents to support any foreign currency transactions related to their business.

CAGD to collaborate with OSP to prosecute payroll irregularities

This move followed concerns raised by the Public Accounts Committee (PAC) of Parliament about financial irregularities, including unearned salaries and overpayment of salaries, as cited in the 2024 Auditor-General’s report.

Contractors must prepare for South Africa’s Draft Carbon Budget and Mitigation Planning Regulations

The Draft Regulations aim to institutionalise carbon budgeting and mitigation planning for emitters that produce 30,000 tons or more of declared greenhouse gas emissions per year.

‘Good governance key as insurance firms recapitalise’

The Nigerian Insurance Industry Reform Act 2025, signed into law, has mandated new capital thresholds for insurance players.

South African banks are closing the taps

The tightening of credit comes as companies increasingly require funding to adapt to climate-related challenges and shift towards a low-carbon economy.

National Minimum Wage changes for South Africa are coming

The National Minimum Wage is the lowest remuneration rate that employers are obligated and legally permitted to pay their employees for each ordinary hour worked.

PenCom warns PFAs against investing in banks’ AT1 capital

According to the PenCom’s regulation on investment of pension fund assets, PFAs have guidelines as to where they can invest.

Regulation,Tax & Compliance