South Africa has a new law to govern the expropriation (or compulsory acquisition) of private property by government for ...
The bank was fined due to non-compliance with some Finance Intelligence Centre Act (FICA provisions). Sanctions imposed by South African Reserve Bank Following inspections of the bank in 2021 and ...
due to serious lapses in compliance with the Financial Intelligence Centre Act (Fica). This penalty, announced on Friday, follows an inspection conducted in 2022 that uncovered multiple instances ...
South Africa Says Its Expropriation Act Is Not Exceptional After Trump Says He Will Cut off Aid JOHANNESBURG (Reuters) - South Africa's foreign ministry said on Monday that its expropriation act ...
Capitec Bank, SA’s fastest-growing JSE-listed bank, has been hit with a hefty financial penalty of R56.25 million by the South African ... of the Financial Intelligence Centre Act 38 of 2001 ...
Besides setting out in quite a detailed fashion how expropriations are to take place, the act also provides an outline regarding how compensation is to be determined. In South Africa's colonial ...