Managers of Wealth Africa

Three SARS demands you can’t ignore – or risk fines and jail time

If caught on the wrong end of SARS’ processes, Tax Consulting said that taxpayers should act immediately.

UAE signs $817m currency swap agreement with Ethiopia

Banking regulators of both countries ink initial deals to boost cross-border transactions and link their payment and messaging systems

Excitement as UAE lifts visa ban on Nigerians

Idris explained, “You are aware that Nigeria has been discussing with the United Arab Emirates on the issue of visas for Nigerian passport holders going to the United Arab Emirates.

Financial sector clean-up: BoG reiterates compliance with Fit and Proper Criteria

Poor Corporate Governance contributed significantly to excessive and imprudent risk-taking in the financial sector

World leaders must seek the negatives of AI and regulate its deployment – Dr Segbefia

Dr Segbefia called on the media fraternity to make the most of the technology in advancing the profession as well as national development.

Nigeria labour unions meet president over minimum pay

Nigerian labour unions' officials met President Bola Tinubu on Thursday to resolve an impasse over minimum wage.

Estate rules for millionaires in South Africa – including R20,000 fines for ‘delinquent behaviour’

New World Wealth estimates that by 2050, 50% of centi-millionaires, those with a net worth over $100 million (R1.8 billion), will either live in lifestyle estates or have second homes there.

Ethiopia launches monetary policy reform for price stability, economic growth

The bank said it would retain its past tools for managing liquidity during the transition period to the new monetary policy framework.

Remittances: BoG explains role of fintechs, MTOs

Instead, Money Transfer Organizations (MTOs) based abroad handle the receipt of remittances.

South African court clarifies compliance requirements for lawful tenders

The ruling cautions unsuccessful bidders against relying on court decisions that concern immaterial and trivial failures of non-compliance

EY Kenya reputation at risk after World Bank sanction

The sanctions dent EY Kenya’s reputation because potential clients or even partners may keep off for fear of association with a tainted firm.

Standard Chartered announces dividend payout amid strong 2023 performance

The Bank delivered strong results – returning to profitability and improved returns alongside balance sheet growth and positive momentum across key metrics.

FSCA approves 138 crypto providers, tightens regulations

Institutions that have been rejected or have withdrawn may reapply.

Changes for financial complaints in South Africa

The rule changes broadly relate to advice-related complaints, which may impact banks and insurers where these advisors are employed.

Pension complaints and solutions

The company did not pay me and did not give me any explanation to that effect.

CBN warns of fintech’s risk to financial stability

These fintech firms, which offer a range of applications, software, and other technologies to streamline mobile and online banking, are often regulated

Standards regulator’s process ‘tainted by bias’ – high court

NCRS appointed company that lodged a complaint to test the brake pads of one of its competitors for compliance.

Banxso’s link to the Banc de Binary scam

Trading platform owner is benefitting from deep fake ads linked to the historic international binary options scheme.

African Development Bank Seeks Japan’s Help for Climate Projects in Africa

African Development Bank meets Japanese officials to discuss infrastructure, climate change, and investment in African energy and green tech.

CBN reforms boost diaspora remittances by $172m in a month

The Acting Director of Corporate Communications at the CBN, Sidi Ali, emphasised the bank’s commitment to facilitating smoother remittance transactions.

Regulation,Tax & Compliance