05/13/2017
Skye Bank vs Milan Industries: Court orders take over of Intercontinental Hotel
Skye Bank said it was left with no choice but to appoint a receiver/manager in line with the registered deed of legal mortgage.
Legal
05/12/2017
Banks Say South Africa Can't Reach Them In Forex Rig Case
Several other financial institutions objected to the allegations by the Competition Commission of South Africa
05/11/2017
Investec and Standard shoot holes in forex manipulation case
Citibank paid the commission a R70m settlement, while Barclays plc, Barclays Capital and Absa are co-operating to be granted leniency
05/10/2017
South African Supreme Court of Appeal sends prescription defence packing
A substitution occurs when a party to legal proceedings is replaced by another party, with no effect on the cause of action.
05/09/2017
Corporate deals win Kenyan law firms top ratings
IKM bagged Tier One ranking in the banking, finance and capital markets category,
05/04/2017
Debevoise Advises Helios in FMCG Joint-Venture
Helios is an Africa-focused private investment firm established in 2004.
05/03/2017
ENSafrica recognised for its business and industry knowledge in Africa
The firm has over 600 practitioners in 15 offices in seven countries in Africa, namely Ghana, Mauritius, Namibia, Rwanda, South Africa, Tanzania and Uganda.
05/02/2017
South Africans want US investment visas
There was a spike in interest after Nenegate and during the Fees Must Fall protests.
05/02/2017
After Goldman loss, Libya’s SocGen case cloaked in secrecy
$60b oil-wealth fund fighting to recoup billions of dollars in losses on deals that soured during global financial crisis a decade ago
04/30/2017
Mauritius next in line in DOJ 1MDB probe?
The money trail, said a source, may lead to an incognito banking institution in the most unsuspecting offshore financial services centre in Africa.
04/30/2017
Chinese migrants have changed the face of South Africa. Now they’re leaving.
Africa’s most developed economy has been one of continent’s top destinations for Chinese investment for years.
04/29/2017
Nigeria works to strengthen anti-corruption campaign, end tax fraud: official
The searchlight on tax evaders is done in collaboration with Nigeria's Federal Inland Revenue Service which is responsible for the collection of tax throughout the west African country.
04/28/2017
Removal of PenCom Management Team, Intrigues and Legal Questions
THISDAY gathered that the security operatives had frisked personnel of the PenCom as they were exiting the commission’s headquarters.
04/27/2017
Three directors charged with defrauding Gulf African Bank
The prosecution alleges in the first count against the three directors, who have been charged alongside their two companies, that on or before November 9, 2016, they conspired to defraud Gulf African Bank Ltd of Sh65million.
04/24/2017
Internet fraud has SA top banks sued
The ombudsman meanwhile will not open a case of fraud against a bank unless clients can prove that the bank’s acted negligently.
04/23/2017
The story of Emmanuel Nwude who carried out the biggest scam in Nigeria
Specifically, his fraud was the third largest banking scam in the world after the Nick Leeson's trading losses at Barings Bank, and the looting of the Iraqi Central Bank by Qusay Hussein.
04/21/2017
Crime syndicates have infiltrated South African banks and mobile operators – Lawyer
They admitted, in writing to clients, that some of their staff members’ login details were compromised and used to allow for SIM swaps
04/19/2017
Africa’s growing pension funds are good for infrastructure projects
These pension funds have invested primarily in local, fixed-income bonds.
04/18/2017
Major SA banks taken to court over Internet fraud
If no negligence can be proven by the bank, it unfortunately means that the complainant is negligent.
04/18/2017
ABSA and Standard Bank face big fight over Internet banking fraud
The victims will demand detailed information from the banks, including who accessed their accounts and a log of all the changes.