Managers of Wealth Africa

FG, banks plan special ID cards for senior citizens

Omokaro called for public-private partnerships in the production of the ID cards.

SARS warns of new scam targeting taxpayers – this is what it looks like

SARS frequently reports on and updates its comprehensive list of over 300 scams trying to exploit the tax authority’s name.

Naira devaluation pushes up vehicles duties by 40%

Stakeholders said the policy would lead to job losses in the maritime sector and a drastic fall in the number of imported vehicles.

South Africa’s economy not in crisis: Reserve Bank

The central bank’s monetary policy committee has raised the benchmark rate at its 10 past meetings with the aim of bringing inflation back to the 4.5% midpoint of its target range

Mixed bag for taxpayers in 51 Finance Bill changes

Duty on imported fish falls to 10 percent from the proposed 20 percent.

Kenya sees shilling falling to 150 mark against dollar next June

A new report by the Treasury projects the country will pay a total Sh301,513,774,986 for $2 billion international sovereign bond.

Keep away from QZ Asset Management – BoN

It is reported that QZ Asset Management’s primary goal is to build innovative portfolios that provide superior, long-term investment returns

Reserve Bank is making changes for its interest rate decision next month

The accuracy of gross domestic product growth forecasts was relatively unchanged, according to the paper.

Shilling breaches 140 to dollar as new CBK boss Kamau Thugge takes charge

The market will now be watching the new tricks that Dr Thugge, who served as the International Monetary Fund (IMF) Mission Chief to Botswana and Lesotho in the wake of the global financial crisis, will pull from his bag to stem the slide.

The big problems South Africa just can’t seem to shake

On South Africa, the IIF notes, “the near-term direction of nonresident capital flows

SEC reiterates commitment to market digitalisation: Nigeria

The assurance was given by Director General of the SEC, Mr. Lamido Yuguda during an interaction session

Government is cracking down on trusts and businesses in South Africa: report

This critical step towards South Africa’s removal from the FATF greylist was among the eight areas of strategic deficiencies identified by the FATF that required South Africa to address.

Financial sector fraud declines to GHS56m in 2022

The report indicated that the fraud cases involving staff decreased to 188 in 2022, as compared to 278 in 2021.

CBN removes saving, withdrawal limits on domiciliary accounts

The statement was titled ‘CBN issues further guidance on operational changes to foreign exchange market’.

Market sentiment rises on CBN forex guidelines rollout

So, President Bola Tinubu’s announcement of plans to unify the country’s forex rates during his inaugural speech sent the financial market into a frenzy.

Currency floating: Private sector, economists back CBN as naira falls to 664/$

The CBN’s decision to float the currency was hailed by the organised private sector and economists who said the move would unify the country’s multiple exchange rate and bring sanitise the FX market

New finance laws for South Africa – changing pensions and targeting auditors

In broad terms, the bill aims to amend various other pieces of legislation related to pensions, the Land Bank, the auditing profession and the Financial Commission.

Why the promise of a cashless society is key to unlocking the Nigerian commerce growth opportunity

Along with Sweden and India, Nigeria has moved ahead of other countries in its efforts to reduce the reliance on cash

FG to release practice code for ChatGPT, others

Nigeria cannot adopt the EU and US codes of conduct due to our peculiar situation. But we can leverage on theirs to perfect ours to suit our situation.

Nigeria regulator says local Binance operations 'illegal'

The U.S. Securities and Exchange Commission this week sued Binance and Coinbase for allegedly breaching its rules

Regulation,Tax & Compliance