Managers of Wealth Africa

Central Bank Announces Interest Rate Cut to 12.25% and Reduction in Mandatory Reserves

On 27 March, the BoM cut it to 15.75%, on 27 May to 15%, on 31 July to 14.25%, on 30 September to 13.5% and on 27 November to 12.75%.

Opportunities for Africa’s bankers as Ethiopia opens up the sector

The IMF has publicly welcomed Ethiopia’s opening up of banking to foreign investment after decades of protecting it as a strategic industry.

Ninety One to adopt SDR label for Global Sustainable Equity fund

The fund takes a positive inclusion approach

New currency for South Africa, China, and India under fire

He repeated that countries would face hefty tariffs even if they considered reducing the dollar’s role in global trade.

New retrenchment rules coming for South Africa

This fair procedure allows an employee to respond to allegations of misconduct.

African Development Bank approves USD 170 million loan to support Egypt’s private sector and economic diversification

The first phase of the programme was widely regarded as successful.

Regulatory Compliance and Risk Management in FinTech

With the increasing complexity of global regulations, the stakes for non-compliance are higher than ever, posing significant legal, financial, and reputational risks.

Big shift for interest rate expections in South Africa

Expectations have shifted from a more rapid but small series of cuts in early to mid-2025 to a much slower fall of only one or two cuts in the entire year.

Sputla’s grand plan to resolve municipal debt to Eskom

After a five-month investigation, Moneyweb can now disclose the details.

South Africa should kiss SABC TV licences goodbye

South Africans who migrate to streaming services watch the service on all types of screens and do not want to pay for TV licences.

New law can wreak havoc among South African businesses

Ramaphosa said this will be done while reducing the risk of job losses and promoting new job opportunities in the emerging green economy.

Government agrees to increase wage hike offer for public workers

To control its finances, the government wants to link public sector pay increases to the consumer price index for the two years after 2025-26.

RTI Commission slaps SSNIT with GH¢200,000 fine for non-compliance

The saga began on November 14, 2024, when the journalist petitioned the RTI Commission

National ID mandatory for shareholders’ pending digital re-registration

Shareholders can use either 12-digit or 16-digit national ID numbers, clarified the letter.

Court reserves ruling in First Bank, GHL dispute

In its motion to lift the restraining order, GHL contended that the bank did not disclose all the facts to the court before the Mareva injunction was issued.

Capitec Bank fraud warning

Daily Investor recently spoke to Capitec to gain insight into the common scams South Africans should watch out for in 2025.

African Development Bank launches a new GBP 500 million 4.625% 3-year Global Benchmark

The new 3-year GBP transaction marks AfDB’s first Benchmark issuance in 2025 and successful return to the GBP market since 2023.

South African state-owned ‘bank’ faces liquidation

This exemption allowed Ithala to accept deposits temporarily while it worked to regularize its operations.

Multiple interest rate cuts still on the table for South Africa

European countries are also set to impose their sixteenth package of sanctions on Russia.

Banks deserve CBN fines for not loading ATMs – Customers

Each of the banks was fined N150m following spot checks that revealed non-compliance with the apex bank’s cash distribution guidelines.

Regulation,Tax & Compliance