Welcome news for companies in business rescue

SARS’s discretion to write off temporarily an amount of tax debt while a company is subject to business rescue will be reviewed.

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A Coup in Burkina Faso

The situation in Burkina Faso has turned into a coup d’état, as we thought was likely. On the morning of Thursday, September 17, a military official announced on television that the army, acting […]

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JPMorgan boots Nigeria from influential bond index

Bloomberg reported late on Tuesday, September 8 that JPMorgan has decided to eject Nigeria from its Government Bond Index-Emerging Markets (GBI-EM). Justifying its decision, the investment bank stated: “Investors who track the GBI-EM […]

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Assassination and terror attack in Egypt

Prosecutor-General Hesham Barakat was assassinated in a roadside bombing on Monday, June 29. The bomb was planted on a road near Mr Barakat’s home and detonated as he was on his way to […]

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New capital controls in Nigeria and Angola

The Central Bank of Nigeria (CBN) announced additional capital controls on June 24. CBN Governor Godwin Emefiele listed up to 40 items that would henceforth not be eligible for the purpose of purchasing […]

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Diezani cartel's last cash-out in Nigeria

Four days before a change of government, oil marketers negotiated an $800m payout from the federal government. In the afternoon of Monday, May 25, the Independent Petroleum Marketers Association of Nigeria agreed to […]

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Egypt’s Moursi sentenced to death

Former president Mohammed Moursi, cleric Yusuf Al-Qaradawi, and 104 other people have been sentenced to death. Among the others condemned on Saturday, May 16, were Mohamed Badie, the Supreme Guide of the Muslim […]

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IMF releases Regional Economic Outlook

The International Monetary Fund (IMF) recently released its Regional Economic Outlook for Sub-Saharan Africa (SSA). The Fund expects the region to continue to record commendable growth in 2015, but notes that the recent […]

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