Nigeria to impose 10% withholding tax on interest on short-term securities

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<p><img src=”https://biz-file.com/c/2510/792929-240×135.jpg?5″ width=”240″ height=”135″ alt=”Source: Reuters.” align=”left”><br><span >Source: Reuters.&lt;/span><p>Nigeria’s tax agency has directed banks, stockbrokers and other financial institutions to deduct a 10% withholding tax on interest earned from...

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Lesaka’s fintech platform deepens reach in South Africa’s township markets

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<p><img src=”https://biz-file.com/c/2510/792917.jpg” width=”240″ height=”135″ alt=”Lesaka’s fintech platform deepens reach in South Africa’s township markets” align=”left”><p>Lesaka has rapidly emerged as a vital fintech enabler in Southern Africa, with its strategic...

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Rand Mutual Life and B3 conclude strategic deal to enhance policyholder experience

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<p><img src=”https://biz-file.com/c/2510/792817.jpg” width=”240″ height=”135″ alt=”Rand Mutual Life and B3 conclude strategic deal to enhance policyholder experience” align=”left”><p>Rand Mutual Assurance (RMA) is pleased to announce that its life assurance subsidiary,...

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African development banks set to expand lending as capital buffers rise, S&P says

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<p><img src=”https://biz-file.com/c/2510/792811-240×135.jpg?5″ width=”240″ height=”135″ alt=”Source: Reuters.” align=”left”><br><span >Source: Reuters.&lt;/span><p>S&P Global Ratings said African regional development creditors are poised to expand lending to fill national financing gaps, as capital buffers...

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South Africa’s scamming epidemic

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South Africa is battling a relentless and rapidly evolving criminal threat: scamming. Far from being a niche problem, this sophisticated crime has metastasised into an epidemic, inflicting financial devastation...

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The tricky business of valuing a living annuity in a divorce

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A Supreme Court of Appeal (SCA) ruling in 2020 paved the way for the inclusion of living annuities in divorce settlements, but five years on, calculating fair values remains...

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