Managers of Wealth Africa

Major South African Insurance Company Suffers Data Breach

It is unknown yet how much information was exposed to cybercriminals following the recent data breach

SA must show ambition or risk not getting climate finance: Ramaphosa panel

It also warned that the nation’s export markets may shrink as countries impose tariffs on their carbon intensity.

South Africa’s $4 billion in crypto scams has regulators scrambling to bring in new regulations within the next three to six months

South Africa is now locked in a race against time to bring in new regulations to curb the misuse of cryptocurrencies in the country.

South Africa’s tax season is now open – what you should know about lockdown and filing

These taxpayers are encouraged to continue doing so digitally, starting from 1 July 2021, it said.

IMF approves $1bn loan to finance Uganda's Covid-19 response

"Reforms will focus on creating fiscal space for priority social spending, preserving debt sustainability, strengthening governance, and enhancing the monetary and financial sector framework," the statement said.

Final step in phasing out the GBL1/GBL2 and deemed foreign tax credit regimes in Mauritius: What next?

Grandfathering provisions were introduced to ensure a smooth transition into the new global business framework

World Bank Calls for South Sudanese Government, Donor Investment to Support Jobs, Peacebuilding

The study pinpoints effective first steps to help recovery.

Data shows South Africa is set for interest rates hikes

The central bank’s quarterly projection model, which the MPC uses as a guide, indicates two rate increases this year of 25 basis points each and a key rate of 6.11% in 2023.

Complying with the new Tax & SPV regimes in Mauritius

Mauritius has continued to innovate in order to retain its role as an international financial centre of substance

Central bank head confident South Africa can weather global interest rate rises

Continent’s most industrialised country is less vulnerable now than last year, says Lesetja Kganyago

W’Bank: How Nigeria Can Generate N10tn Tax Revenue in Three Years

“This calls for a carefully calibrated set of policy and administrative measures that can grow revenues without discouraging investment.

South Africa moves ahead cautiously with proposed regulation of the crypto space

Daily SA trading hit R2-billion in January. Government wants oversight.

Bank of Ghana orders banks to stop charging customers illegal fees

The Central Bank also directed banks and SDIs to desist from calculating interest rates on borrowing monthly instead of annually in accordance with section 55 (2) of the Borrowers and Lenders Act.

Does a business rescue plan impact the liability of surety for debt?

In this case, Mr van Zyl appealed against the High Court decision which found in favour of Auto Commodities (Pty) Ltd

Zambia: African Development Bank approves $1.4 million grant to improve household food security in the wake of Covid-19

The Zambian project is in line with the Bank’s High 5 strategic priorities, specifically, Feed Africa, Industrialize Africa, and Improve the quality of life for the people of Africa

Goldman Sachs is ramping up in SA, putting it on collision course with local big banks

Already a top trader of South African government bonds, Goldman is ramping up financing in the country, muscling into an area dominated by local lenders such as Standard Bank and FirstRand.

FNB denies banking relationship with fraud-accused crypto company

FNB risk spokesperson Nadiah Maharaj adamantly refused to acknowledge any relationship with the fraud-accused company.

New rules planned for banks in South Africa – including annoying marketing calls

The code of conduct outlines when a bank is allowed to contact you through direct marketing, how and what consent must be given by customers, and any information that must be included in direct marketing plans.

South Africa’s tax base has taken a big knock

This follows a similar note from PwC in March when the group warned that South Africa is relying too heavily on income and direct taxes – most of which are from a declining base of taxpayers.

CBN Grants Lotus Non-Interest Banking Licence

“The bank aims to be a socially responsible organisation that will satisfy its customers across all touch-points.”

Regulation,Tax & Compliance