02/22/2022
Investec to seek UK court approval over Ninety One distribution plan
Investec said the court meeting will be heard before a high court judge in London on March 15.
Regulation,Tax & Compliance
02/21/2022
President Kenyatta welcomes UAE's plan to establish an Innovation and Entrepreneurship Centre in Kenya
The innovation and entrepreneurship centre will focus on launching programmes, workshops and initiatives geared towards providing aspiring and established Kenyan entrepreneurs
02/18/2022
Three more jurisdictions sign MLI, which now has 99 signatories and parties
Thailand’s MLI position identifies 58 tax treaties that it wishes to be covered by the MLI, while Vietnam’s MLI position identifies 75 tax treaties that it wishes to be covered.
02/17/2022
EBRD backs digital platform to boost private-sector investment in Tunisia
As the pandemic intensified, investment agencies in various countries turned to digital tools to promote their services more successfully.
02/17/2022
Kenya Is Safe And Open For Business, President Kenyatta Assures Investors
A total of 192 countries are participating in the six-month world exposition in Dubai, with every country allocated a national day of honour.
02/16/2022
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.
02/15/2022
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.
02/14/2022
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.
02/14/2022
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.
02/11/2022
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.
02/10/2022
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.
02/10/2022
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.
02/09/2022
Financial Markets Regulatory Outlook 2022
New strategies for a changing world
02/08/2022
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"
02/07/2022
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.
02/07/2022
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.
02/06/2022
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.
02/04/2022
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.
02/04/2022
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.
02/03/2022
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.