SARS clamps down on illicit cash flow

Jul 21, 2015

The South African Revenue Services (SARS) has convened a forum of commissioners from bordering countries, including Swaziland, Lesotho, Zambia, Botswana, Namibia and South Africa, to deliberate on core tax and customs issues, and focus areas linked to illicit financial flows, base erosion and profit sharing, transfer pricing and cross-border enforcement.

Cross-border money service from Airtel

Mar 24, 2015

Bharti Airtel, the leading global telecommunications services provider with operations in 20 countries across Africa and Asia, has announced the launch of a cross-border money-transfer service for Airtel Money customers between The Democratic Republic of Congo (DRC),...

MasterCard offers remittance services in Zim

Mar 4, 2015

MasterCard has announced a partnership with the Zimbabwean Steward Bank which will make remittance services available to the bank’s more than 1,5-million account holders. For the first time, the bank’s customers will be able to receive funds sent by family and friends...

Cross-border money transfers with FNB app

Sep 23, 2014

The latest version of the FNB Banking App for smartphones now offers customers the ability to send money across the border from South Africa to Zimbabwe and Mozambique. FNB’s Zimbabwe Money Transfer service was first launched on Cellphone Banking in April 2013 to...

Cross-border payments set for higher growth

Aug 14, 2014

Institutions such as the World Bank and African Development Bank (AfDB) indicate that African countries only carry out about 15% of their trade with one another. However, SWIFT data on cross-border payments shows that the figure is slightly higher at 23%....