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Tshwane Metro Police says it is shocked one of their cops is co-accused in R16.5 million KPMG bursary fraud case

By Simon Majadibodu The Tshwane Metro Police Department (TMPD) has expressed shock after one of its traffic officer was named as a co-accused and granted R50,000 bail in the R16.5 million KPMG bursary fraud case. Sergeant Lebohang S
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19 Apr 2024

Jargon buster: financial phrases simplified

JUST SAs weekly jargon buster aims to give simple, plain English explanations for typical words and phrases used in the financial industry, in particular, words relating to guaranteed life annuities and living annuities. This week, we look
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19 Apr 2024

World Bank project aims to connect 300 million Africans to electricity by 2030

The World Bank Group in partnership with the African Development Bank (AfDB) are aiming to provide at least 300 million people in Africa with access to electricity by 2030. The Washington DC-based institution will work to connect 250 mil
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19 Apr 2024

OM Bank is coming: Old Mutual secures banking licence

The Prudential Authority (PA), the financial regulator that falls under the auspices of the SA Reserve Bank (SARB), has granted Old Mutual initial approval to launch a bank. The banking regulator approved Old Mutuals section 16 appli
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19 Apr 2024

ITUC Report: Trade Unions Demand Reform To Address Global Sovereign Debt Crisis

LAGOS To coincide with a series of major global financial meetings, the ITUC has released a key report recommending immediate action, comprehensive reform and deeper trade union involvement in sovereign debt policy at all levels. This month sees the
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19 Apr 2024

Ghana VP Bawumia pledges tax amnesty if elected president

Ghanas Vice President Mahamudu Bawumia has announced plans for a tax amnesty should he win the election scheduled for December, in a move that supporters say will boost economic growth but critics fear is unaffordable. Bawumia announced
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18 Apr 2024

CBN reduces banks LDR to 50%

The Central Bank of Nigeria (CBN) on Wednesday announced a reduction in the Loan-to-Deposit Ratio (LDR) of banks in the country to 50 per cent. The LDR is used to assess a banks liquidity by comparing a banks total loans to its total deposi
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18 Apr 2024

Reserve Bank billions won't be funnelled into Eskom

South Africa will use future drawdowns of its Gold and Foreign Exchange Contingency Reserve Account to curb its debt burden, finance minister Enoch Godongwana said, adding he was pondering tax hikes and expenditure cuts in the next post-
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18 Apr 2024

Understanding SME purchasing patterns: balancing costs, growth, and resilience

A recent SME survey has shed light on purchasing patterns and influencing factors expected for small and medium enterprises (SMEs) in South Africa during the remainder of this year.According to the results, the global economic environment,
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18 Apr 2024

The Bahamas Becomes First Caribbean Nation to Host Afreximbank Annual Meetings and AfriCaribbean Trade and Investment Forum

Formalising its historic position as the first Caribbean nation to do so, the Government of the Commonwealth of The Bahamas and African Export-Import Bank (Afreximbank) signed the official host partnership agreement early last week. Taki
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18 Apr 2024