07/12/2021
World Bank sends warning to South Africa
South Africa’s unemployment rate stood at a record 32.6% in the first quarter of 2021, the third-highest of 82 countries tracked by Bloomberg.
Regulation,Tax & Compliance
07/11/2021
AFSA International's new rules - simply explained
These Rules are a welcome move that will help to grow South Africa's reputed position as an international arbitration seat.
07/10/2021
Zanzibar’s new tax and residency investment scheme set to open paradise to the world
Government introduces key measures to make the region attractive to foreign investment
07/09/2021
Momentum entities fined over R11m for inadequate controls against financial crime
The regulator stressed that Momentum Wealth and MCI had not themselves been found guilty of facilitating transactions involving money laundering or terrorist financing.
07/09/2021
Mauritius Commercial Bank Ltd (MCB) to adopt MITECH's TRAC Collateral Management system in the Cloud
The TRAC software will be implemented on a Cloud infrastructure, with the aim of going-live with the system before the end of the year.
07/09/2021
Tanzania lacks Islamic banking regulations
The International Monetary Fund (IMF) and the World Bank recently issued Islamic banking prudential regulations and supervision to its members.
07/09/2021
UBA seeks to recover $6.759m from Polaris Bank
Integrated Energy Distribution and Marketing Company Ltd and Polaris Bank are the first and second respondents in the suit numbered FHC/L/CS/714/21.
07/08/2021
‘Financial Inclusion Initiative Will Drive Open Banking’
This, she said, would enable end users have access to relevant technology tools that would help them meet their own financial needs.
07/08/2021
Nigeria: African Development Bank bolsters women-empowered businesses with $50 million loan to FCMB bank
Thirty percent of the funds, which are intended to mitigate effects of the challenging Covid-19 environment, are earmarked for underserved women-empowered businesses.
07/07/2021
Several court judgments later, insurers are still fighting lockdown claims
ICA CEO Ryan Woolley said his firm had positive interactions with Hollard South Africa, Old Mutual Insure and some smaller insurers such as Factory & Industrial.
07/07/2021
Double-digit growth in PSCE by FBNQuest Capital
There is a long way to go in boosting financial intermediation when we consider the scale of the unbanked informal economy.
07/06/2021
CBN pledges increased interventions to SMEs
Emefiele urged the government and the private sector to provide more support in addressing the challenges of SMEs in the country.
07/02/2021
Major South African Insurance Company Suffers Data Breach
It is unknown yet how much information was exposed to cybercriminals following the recent data breach
07/02/2021
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.
07/02/2021
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.
07/01/2021
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.
07/01/2021
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.
07/01/2021
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
06/30/2021
World Bank Calls for South Sudanese Government, Donor Investment to Support Jobs, Peacebuilding
The study pinpoints effective first steps to help recovery.
06/30/2021
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.