Managers of Wealth Africa

Watch out for these investment scams in South Africa

According to Greeff, even if research raises no red flags, you should still take the necessary steps to verify that the person you are doing business with is legitimate.

South Africa’s big banks to face the music for rand manipulation

All the banks named in the findings lodged some objection or application against the commission

How gold smugglers use top SA banks, bribes to launder money

The documents obtained by the I-Unit include ledgers, contracts and emails showing the process Khan and Rudland used.

Ecobank Ghana and Ghana Post sign MoU to drive government’s financial inclusion agenda

The Ecobank Ghana Managing Director, Mr Dan Sackey, and the Deputy MD of Ghana Post, Kwaku Tabi Amponsah, signed the MoU and witnessed by Dr. Eddy Botchwey and Kwesi Owusu-Abrokwa.

Rand strengthens as all eyes turn to the Reserve Bank

However, a slight positive movement for the domestic currency does not mean it is out of the woods, yet.

Reserve Bank expected to hike interest rates to a 13-year high

The South African Reserve Bank “faces an unenviable conundrum of higher inflation forecasts plus higher risks

KRA flags betting millions paid in cash

The cash transactions have raised a red flag at a time when some punters are paying betting firms using untraceable cryptocurrencies such as bitcoin, making it difficult for KRA to collect taxes.

Rich Kenyans dollar savings grow to Sh320bn amid shortage

The corporate bodies accumulated Sh82 billion in absolute foreign currency deposits in the year compared to Sh51.3 billion in 2021.

Shuttle diplomacy that rescued the shilling

During her vetting before Parliament, Dr Koech had told MPs she would seek to put in place a functional and vibrant interbank forex market if she were approved for the role.

South Africa may look to ban new petrol and diesel cars by 2035 – here’s why

Transport in South Africa is the third-largest emitting sector after energy and the metals sector, contributing about 10% of total emissions, said the report.

Banks raise cash withdrawal limits to reduce queues

According to findings, most DMBs currently pay between N20,000 and N50,000 over-the-counter and Automated Teller Machines.

StanChart to Sell Jordanian Business

The sale is part of broader plans announced in April 2022 to exit seven markets in Africa and the Middle East.

SRC raises President Ruto’s CASs pay to Sh780,000 in new review

The current and previous administrations have been seen to use the position to reward loyalists and election losers.

CBK whips banks to unlock dollars after President Ruto warning

The banking regulator says the code, which comes into effect this morning, will ‘ensure the integrity and effective functioning of the forex market in Kenya.’

IMF slashes South Africa’s GDP growth forecast for 2023

The National Treasury is aware of “most of the risks to economic growth” flagged by the lender and is working on measures to address them, it said in a statement.

Energy security depends on the development of South Africa’s hydrogen economy

The University of Pretoria is dedicated to researching and understanding how to address complex societal issues such as this – and has identified energy as one of its core institutional research focuses.

Licensed bancassurance firms now triple on legal compliance

Now top banks including KCB, Equity, Co-operative Bank, NCBA, Absa Bank Kenya, DTB, I&M, Stanbic and Standard Chartered Bank Kenya have all been licensed to transact insurance business as bancassurance intermediaries for the year 2023.

Marked parastatal CEOs as Ruto team eyes fresh faces

The new administration, which came to power in September last year has mostly fired directors appointed in the former president Uhuru Kenyatta’s last days

Absa sets sights on unveiling risk-based loans in second half

Absa is among three top banks to obtain the regulatory nod to reprice loans based on the risk profile of each borrower with others being Stanbic Bank and Equity Bank.

South African courts don’t always follow the rules

The rules are intended to make sure that the CCMA follows resolution processes consistently.

Regulation,Tax & Compliance