Managers of Wealth Africa

Billions of rands in pensions have not been paid in South Africa

“Failure to pay over contributions as required is not only a contravention of the PFA but leads to prejudice and unfair outcomes for members,’ the FSCA said.

Access Bank Plc enters acquisition deals with 5 Standard Chartered Africa Shareholdings

The agreement with Access for the sale of the bank’s business in Sub-Saharan Africa is in line with Standard Chartered’s global strategy, aimed at achieving operational efficiencies, reducing complexity, and driving scale.

NIN registration: FG records 48% of monthly target

This is as the number of Nigerians with National Identification Numbers increased to 102.39 million in August despite a slowdown in the number of enrolments.

Kenya banks’ lending to parent firms abroad up 61pc

The terms of the transactions the lenders have with their affiliate firms are normally not disclosed, but they are expected to treat the sister companies the same way they deal with other customers.

Banker calls for state of emergency on low literacy level in Northern Nigeria

A breakdown of the $6billion investment shows that a total of $1.2billion has been budgeted for the year 2023, $1.9bn for 2024 and $2.88billion for 2025.

Banks, 18 others, fined N125m for late filings

The rules also require quoted companies to submit interim reports not later than 30 calendar days after the end of the relevant period.

Central Bank of Kenya targets $145m from reopened bonds sale

The CBK took up Ksh11.7 billion ($80.8 million) on this paper, at an average rate of 16.97 percent.

Banks book Sh14bn forex gain from foreign units

The shilling depreciated by 18 percent

No new BRICS bank members to be announced at summit: CFO

NDB has already raised $4.5b this year and will raise at least $8b by the end of the year

5 new laws being finalised for South Africa – including changes to taxes and pensions

The new Draft Revenue Laws Amendment Bill states that the new “two-pot retirement system” will become operational on 1 March 2024.

Banks on scam alert to check identity theft

Various banks such as United Bank of Africa, Guaranty Trust Bank, Zenith Bank, First Bank have alerted their customers in different ways to fraud attacks

The big problem with launching a new currency for South Africa, China and Russia

The argument for a unified currency among BRICS nations has been spearheaded by Russia

SARS digging deeper into rich South Africans

By doing so, the unit effectively tripled the tax base under focus.

New deadline for controversial NHI

The Bill is already before the National Council of Provinces (NCOP) after being passed by Parliament in June, in spite of vehement opposition.

Nigeria net forex reserves fall, inflation to worsen - JP Morgan

The US biggest bank also predicts loss of momentum for Tinubu's reforms but remains “cautiously optimistic”

New currency for South Africa, Russia and China in the spotlight this week

South African President Cyril Ramaphosa expressed support for the BRICS expansion on Sunday.

Bank of Ghana debunks claims that it gave government GH¢80b

The BoG explained that its decision to take a 50 per cent haircut on government’s debt saved the economy from collapse and sent a positive signal to external partners.

Nigeria's naira and eurobonds rise on $3bln loan, appointment of minister

State oil firm loan to stabilise currency as Tinubu taps investment banker to steer new policies

UBA, UNDP sign MoU to support youth, women-led MSMEs in Ghana

The partnership is expected to scale up youth and women-led MSMEs, increase jobs, drive revenue and contribute significantly towards the reduction of environmental footprint.

‘Spelling error’ on new South African bank notes finally put to rest

Some Xitsonga speakers said that this is incorrect and the previous version of “Bangi Nkulu” was the accepted form.

Regulation,Tax & Compliance