Crypto transfers: new client information requirements coming for CASPs and intermediaries

The ‘travel rule’ means CASPs and FSPs cannot initiate a crypto asset transfer unless they can transmit prescribed information.

Global economic outlook hangs in the balance amidst geopolitical uncertainty

Momentum Investments’ Market and Economic Outlook – January 2024 highlights worldwide elections, geopolitical tensions, and South Africa’s challenges.

Thursday briefing: a round-up of recent financial services news

FNB to expand adviser network | Extending mortgages to fund solar unwise | Bank staff sentenced for fraud | ANC-EFF coalition ‘worries investors’

EFF’s Shivambu rebukes Kganyago for ‘no comment’ on whether foreign currency regulations were violated

EFF MP Floyd Shivambu lambasted South African Reserve Bank (Sarb) Governor Lesetja Kganyago for not responding to a letter asking the central bank to confirm or deny whether President Cyril Ramaphosa had disclosed […]

ANC must pay R10m a month to clear provident fund arrears

The FSCA has concluded an enforceable undertaking with the ANC Staff Provident Fund on how it is clear the reported R85 million in arrear contributions. The fund is a defined contribution fund with […]

By how much will taxes have to increase to pay for a basic income grant?

Personal income tax (PIT), value-added tax (VAT) and corporate income tax (CIT) would have to increase by just under 5% to raise R50 billion, or by slightly more than 9% to raise R100bn, […]

Fake intelligence report used to fire Gordhan and Jonas – Zondo report

Then President Jacob Zuma used a fake intelligence report as a pretext to fire Pravin Gordhan and his deputy, Mcebisi Jonas, so that his and the Guptas’ agenda, including the capture of National […]

South Africa – Taking back the centre from a weakened left

If President Jacob Zuma seems a little confused over who would be in charge after the May 7 elections, Minister of Finance Pravin Gordhan had absolutely no doubt as he set sail away […]

Mozambique – No return to war

The National Resistance of Mozambique (Renamo) has returned to the bush, but this does not mean a return to war. Nor do we see any threat to regional economies. Renamo – the spawn […]