08/10/2022
10 things you need to know about South Africa’s proposed two-pot retirement system
The new system is planned for 1 March 2023, although the Treasury said that this is probably optimistic.
Regulation,Tax & Compliance
08/10/2022
Pension complaints and solutions
PENCOM: Your application has been received and processed; payment is subject to release of funds from the Federal Government.
08/09/2022
FG to implement telecoms, beverage taxes in 2023
“Beyond making our position known, we will go behind the scenes and go against any policy that will destroy the digital economy sector. We will go to any extent to legitimately and legally defend its interest.”
08/09/2022
Tanzania's central bank proposes liquidity mop up amid rising inflation
The Monetary Policy Committee (MPC) of the Bank of Tanzania has agreed on a plan to mop up excess liquidity in the country's economy in a bid to tame inflation.
08/09/2022
Libyan, Tunisian Central Banks to enhance cooperation
The MoU aims at developing financial transactions, launching initiatives and training Libyan youth to keep pace with development in the banking field.
08/08/2022
Banks Shun Lending to Real Sector as Deposit With CBN Surge by 12%
The applicable interest rate on SDF moved to 7 per cent at an asymmetric corridor of +100/-700 basis points around the 14 per cent MPR in July 2022.
08/08/2022
Banks fingered for undermining regulatory authorities in SA, developing countries
Talking to SABC’s Vuyo Mvoko recently, Bonakele reflected that the banks were among the worst in the world when it came to supporting the economy.
08/05/2022
Banking sector fraud: Clari5 partners CWG Ghana to provide real-time Anti-Fraud solutions
The partnership is coming at a time the Bank of Ghana recently announced that GH¢61 million was lost to banking sector fraud in 2021 as compared to a loss of GH¢25 million in 2020—representing a 144percent increase in year-on-year terms.
08/05/2022
Uganda central bank's tight monetary policy may impact markets: IMF
Fund supports move to control inflation by tightening liquidity
08/05/2022
Ghana will not default in Eurobond repayment – Report
IC Securities said the IMF bailout provides policy direction, but will not avert an imminent debt restructuring.
08/03/2022
The consequences of your attorney binding you without your mandate
The SCA found that in the interest of justice, the minister should be held liable in terms of the settlement agreements
08/02/2022
Access, DFC Sign $280m Financing Deal For SMEs
Other members of the delegation met with members on the Energy Transition Team within the Office of the Vice President.
08/02/2022
IFC and Absa Bank Partner to Increase Affordable Housing Finance in South Africa
The loan is expected to contribute to developing South Africa's sustainable finance market by introducing a novel, replicable instrument to raise additional financing for affordable housing and other social causes
08/02/2022
Treasury drafts plan to lift retirement savings in South Africa
South Africa’s savings rate climbed to 20% of gross domestic product by 2021
07/29/2022
UAE, Kenya to commence talks over comprehensive economic partnership
The UAE-Kenya CEPA will be the first bilateral trade deal that the UAE seeks to sign with an African nation
07/29/2022
Buhari: NDDC Audit Report Being Implemented in Phases
It is gladdening to note that the ministry has prioritised the repositioning of the NDDC to ensure they deliver on their objectives and mandate.
07/28/2022
African Development Bank adopts new Country Strategy paper for Egypt covering 2022-2026
The new strategy sets out two priority areas: strengthening Egypt’s competitiveness to support strong private sector-led growth and job creation.
07/28/2022
CBK sees inflation easing on State subsidies, retains base loans rate
“The recent waiver of import duties and levies on white maize, the subsidy on retail prices of sifted maize flour, and the recent reduction in VAT on LPG will further moderate domestic prices,”
07/27/2022
SARB sends warning to South Africa’s biggest banks
The country’s biggest banks have the highest concentration of customers – holding 89% of total assets for the banking sector – and thus carry the highest risk.
07/27/2022
Money laundering a high risk threat for South African banks
Large banks are “still targeted by criminals as clients use cash extensively and can use non-face-to-face methods such as automated teller machines to deposit cash, while the source of funds and details of depositors are largely unknown.”