Managers of Wealth Africa

New pension changes coming for South Africa before the end of February

Treasury said that the proposed review of Regulation 28 is informed by calls for increased investment in infrastructure given the current low economic growth climate.

FATF Greylisting South Africa - A Deafening Silence

With the impact of this listing affecting not only financial services, but also banks, estate agents and gambling institutions, to name a few, it’s these industries that are eagerly waiting for news on progress.

Steinhoff says emails show ex-CEO Marcus Jooste was part of 'fraudulent scheme'

The email extracts form part of the retailer's court case against British businessman Malcolm King, his son, Nicholas, and their company, Formal Holdings.

African Development Fund signs $14.2 grant agreement for financial digitalisation initiative

The project is expected to boost Malawi’s domestic financial inclusion rate from 58% in 2019 to at least 65% in 2025.

Malawi: African Development Fund signs $14.2 grant agreement for financial digitalization initiative

The project will widen financial inclusion in the country, in particular to women, youth and rural dwellers.

Audit watchdog hit by almost R11 million in irregular expenditure

The regulator sourced these investigators without obtaining quotes from other service providers or going on an open tender between 2014 and 2020.

Audit regulator probes Uchumi’s forged books

Mr Makori did not give timelines on when ICPAK is likely to complete the disciplinary hearings, setting the stage for the sanctions that put EY in the spotlight and threatens its credibility.

Financial Markets Regulatory Outlook 2022

New strategies for a changing world

Worsening insecurity threatens Nigeria’s economic recovery

“Despite the recovery in oil prices, the general government fiscal deficit is projected to widen in 2021 to 5.9 percent of GDP"

CRR: CBN Debits Zenith Bank, Providus, FCMB, 11 Others N356.1bn

A breakdown showed that Zenith Bank and Providus were debited N170 billion, N40 billion respectively.

South Africa is set to reintroduce an ‘exit tax’ – but don’t be too hasty

A case in point is the recent proposal to levy an exit tax on the retirement interests of South Africans planning to emigrate.

P2P lending in Mauritius: How Fundkiss is constantly innovating to Keep It Smart and Simple

To give a brief overview of what P2P lending is all about, such platforms bring together people looking to invest money with prospective borrowers who are looking for a loan.

Botswana Passes Bill to Regulate Cryptocurrencies

The new legislation will require anyone wishing to trade cryptos to obtain a license from the regulator of non-banking financial institutions.

Reps Propose 20-year Jail Term for Fraudulent Bank Employees

The Speaker of the House, Mr Femi Gbajabiamila, who presided over proceedings, referred the bill to the Committee on Banking and Currency soon after it passed the second reading.

Gold 'scam' robs SA of billions, says SARS

Gold exports are zero-rated for VAT. Buying gold scrap locally however carries the standard 15% VAT.

Wondering why banknotes are destroyed?

According to the central bank, the disposal follows concerns that old currency notes remain in circulation despite the government printing new ones in recent years.

Why South Africa took a R11.4 billion loan from the World Bank: finance minister

Godongwana said that South Africa’s debt costs are growing and are beginning to crowd out service delivery

South Africa's rand recovers, central banks in focus

Focus in the week remained on central banks

Central Bank Of Kenya Given The Power To Police Digital Lenders

The regulation of digital lenders will afford more protection to borrowers when it comes to consumer protection and data privacy; however, only time will tell if the new legislation will enable rather than stifle innovation given the new compliance requir

KRA seeks bank, financial deals of secret shareholders

The order gave effect to the changes in the Companies Act

Regulation,Tax & Compliance