The Johannesburg Stock Exchange (JSE) on Wednesday afternoon issued a note to traders stating that trading had been halted as a result of “intermittent disconnects across all markets and services.” …
Business Policies
- Business PoliciesEconomyINVESTMENTSouthern Africa
The Federal Government says it has started the implementation of the N10 per liter sugar tax on beverages to reduce the incidences of Non-communicable Diseases. Mr. Dennis Ituma, Chief Superintendent …
- BusinessBusiness PoliciesNigeriaPoliticsPress ReleasesWestern Africa
NCC signs PPP agreement with its consultant 3R Ltd for revenue assurance solutions
The Nigerian Communications Commission (NCC) has finally signed a Public Private Partnership (PPP) agreement with its consultant, 3R Company Nigeria Limited, for the execution of the Revenue Assurance Solutions (RAS) to …
- AfricaBusiness PoliciesWestern Africa
NEPZA, FIRS Agree on New Tax Regime for Economic Zones, Sign Pact
The Nigeria Export Processing Zones Authority (NEPZA) and the Federal Inland Revenue Service (FIRS) have signed a pact aimed at enhancing a better understanding of the Free Trade Zones Scheme’s …
Operations are soon to begin at Sibanye-Stillwater gold mines in South Africa after it signed a three-year wage agreement with trade unions, the miner said in a statement on Monday. …
Nigeria has canceled plans to issue $950 million selling overseas bonds, owing to unfavorable market conditions during the time frame approved for the fundraising. Finance Minister Zainab Ahmed said in …
- Banking, Finance & InvestmentBusiness PoliciesWestern Africa
Panic as banks plan downsizing over rising operating costs
There are palpable fears of job loss in the financial sector as banks move to contain rising high operating costs.In the first quarter of the year, the cost of diesel …
- Business PoliciesWestern Africa
FIRS seeks collaboration within African countries to effectively tax digital businesses
The Federal Inland Revenue Service (FIRS) has called for improved collaboration among countries with the aim of exploring alternative rules that will enable market jurisdictions, particularly African countries to effectively tax …
This comes after several criticisms from a large portion of the Ghanaian population since its announcement in November 2021 by the country’s finance minister. Some industry stakeholders have supported the …
Nigeria’s Senate passed a bill that will amend money laundering regulations, including making it mandatory for lenders to report suspicious transactions. The Money Laundering Prevention and Prohibition Act 2022 requires …