04/18/2023
Apex Group appointed as investment fund administrator for the EPPF
Retirement fund appoints leading South African investment fund administrator following highly competitive tender process.
Regulation,Tax & Compliance
04/17/2023
CA ordered to intervene in Safaricom, Geonet dispute
The firm’s roaming services are dependent upon it being interconnected with local mobile operators such as Safaricom and Telkom.
04/17/2023
Ghana expects IMF loan approval by June – Finance Minister
He added that $20 billion of external debt was eligible for restructuring 66 per cent of the external debt stock. Of that, $5.4 billion in official creditor debt will be restructured.
04/17/2023
Zimbabwe joins OECD Global Forum to help fight tax evasion
These objectives are achieved through a robust monitoring and peer review process.
04/14/2023
CBN to mop up dormant account balances, unclaimed funds
The circular, which was signed by the Director of Financial Policy and Regulation Department of the apex bank, Chibuzor Efobi, also called for inputs which should be sent within three weeks.
04/14/2023
Watchdog starts probe on banks for dollar price fixing
This mirrors the heightened probe of global banks years ago in Europe, Asia, the United States and South Africa over allegations of price-rigging in currency markets.
04/14/2023
Big push to overhaul visas in South Africa
The president added that as the government is reforming the visa regime, it is investing in skills development to ensure that domestically there is no longer a massive skills deficiency.
04/14/2023
Businesses respond to new BEE and transformation laws
According to Coovadia, a notable issue relates to measuring complaints and issuing compliance certificates as a licence to do business with the state.
04/11/2023
ADF approves $8m to improve banking system in West Africa
“Approval of funding from the bank’s concessional lending window was made on March 29,”
04/11/2023
West African Monetary Institute to receive $8 million from African Development Fund to support enhanced banking identification and financial sector efficiency in the West African Monetary Zone
The new bank identification system will link banking accounts of individuals across different financial service providers.
04/11/2023
Bridging The Payment System Gap
With all the inherent positives, still there existed room for expansion in the system to ensure a thriving and competitive payments landscape in Nigeria.
04/06/2023
Banks enter full compliance with stricter capital rules
This was meant to buy lenders time to bolster their balance sheets and spare weaker ones from having to immediately raise new funds to comply.
04/05/2023
The bright side of the Reserve Bank’s decision to hike rates
Key in the SARB’s decision to keep raising rates has also been the dismal state of the country’s trade balance, which measures the value of exports, less imports.
04/05/2023
New visas planned for South Africa
Action on Ramaphosa’s promises is now finally being taken.
04/04/2023
SARS is coming after these wealthy taxpayers and businesses
On top of this, SARS collected R14.9 billion from over 65,000 entities, including non-profit and public benefit organisations.
04/04/2023
Big changes for work hours in South Africa could be coming
The research tracked working hours in over 50 countries between 1950 and 2017, showing average working hours per employee on an annual basis.
04/03/2023
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.
04/03/2023
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
03/31/2023
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.
03/31/2023
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.