10/16/2023
Telecoms operators may sue banks over N120b USSD debt
Adebayo, however, warned that if the matter is not resolved promptly, withdrawal of services would be inevitable.
Legal
10/09/2023
New laws to restrict the hiring of foreign workers in South Africa – with R100,000 fines on the table
The proposed Employment Services Amendment Bill, 2021 introduced last year in the National Assembly flows from a proposed National Labour Migration Policy introduced by the Minister of Employment and Labour.
10/03/2023
Absa and Pityana both see victory in court decision
The case stems from accusations of sexual harassment against Pityana by an employee while he was serving as chairman of AngloGold Ashanti, a charge he has steadfastly denied.
09/29/2023
Mozambique Scandal Spells Further Trouble for UBS
Last week, the UK Supreme Court allowed the trial to proceed, in which the African country is seeking around $1.5 billion in damages.
09/08/2023
Court extends orders freezing accounts of two air charter service firms
Mr Obure, who is also charged with murdering businessman Kelvin Omwenga, is the representative of the two companies.
09/01/2023
Old Mutual’s 4-year legal battle against its former CEO finally comes to an end
Moyo and his partners thus shared R84 million, while omitting to pay preference share dividends, valued at R65.4 million at the time, due to Old Mutual
08/24/2023
FBN Holdings AGM : Shareholder seeks to join suit, asks court to set aside Interim Order
Justice Akintayo Aluko that the interim order was fraudulently obtained by suppression of facts which if disclosed to the court, the court would have refused granting the application.
08/24/2023
State to legalise phone, email tapping in dirty cash fight
The new clause touches on five laws that are being amended through the Bill.
08/16/2023
Court restrains FBN Holdings from holding AGM, issues contempt notice
The court also warned FBN Holdings Plc of the consequences of disobedience to the court order.
07/31/2023
FNB warns of serious financial crime – how not to become a victim
A money mule is an individual who is recruited by criminals to allow for the movement of unlawfully-acquired funds through their personal bank account.
07/28/2023
IMF vets Kenya’s new money laundering Bill
Anti-money laundering is a key pillar in IMF-Kenya program
07/21/2023
SARS knows everything about your bank account
SARS identified deposits received by the taxpayer into his Investec and Nedbank bank accounts, as well as payments received from FX Africa.
07/20/2023
Ecobank Nigeria plans to appeal the court judgment of N72 billion in Honeywell’s case
According to the bank, the instant suit was an action filed in 2018
07/11/2023
South Africa and Germany seek to develop green hydrogen links
A joint declaration of intent concerning green hydrogen was signed recently by Kgosientsho Ramokgopa, South Africa’s minister of electricity, and Robert Habeck, Germany’s minister of economic affairs and climate action.
07/11/2023
Court deals State another blow in Sh210 billion tax fight
Treasury Cabinet Secretary Njuguna Ndung’u had submitted that suspending the new tax law would lead to a shutdown of government operations.
07/04/2023
StanChart escalates 30-year fight with Galot
The loan was converted to local currency in 1986.
06/19/2023
Supreme Court's Daniel Arap Moi land ruling sends banks, buyers into a panic
The country’s apex court in April said not even the passage of over 30 years could stop grabbed public land that had undergone multiple successions in private hands reverting back to the public.
06/14/2023
Further South African electricity initiatives must follow Mozambique deal
Business Live reported that an unnamed mining company is behind the deal, acting as a private off-taker in the arrangements.
06/14/2023
90 percent of Kenyans reject Finance Bill 2023
The survey was undertaken between May 19 and June 6, with 20 percent of the respondents being Nairobians.
06/07/2023
Businesses push back against South Africa’s strict new BEE laws – with another legal challenge on the way
Under the new Act, the employment minister is empowered to set sector-specific numerical targets for the racial and gender makeup of designated businesses, which must be achieved over five years.