03/05/2024

South Africans are poorer than they were in 2006

Although this level of growth seemed unattainable at the start of 2023 amidst heightened load shedding, it is still minimal and won’t result in any meaningful change for the country or its citizens.

02/28/2024

Interest rate cuts in South Africa face another hurdle

While this sentiment feeds into the “higher for longer” narrative around interest rates in the US – and, subsequently, South Africa – most market analysts still expect the rate-cutting cycle to start in July.

02/21/2024

Herbert Wigwe and the story of Nigerian banking

They complained that Nigerians were charged higher rates of interest when they managed to get loans and that they were third in the pecking order after European and Levantine traders.

02/20/2024

Fitch rates Nigerian banks stable

Fitch affirmed the banks’ ratings of Long-Term IDR at ‘B-’ as well as the National Long-Term Ratings with Stable Outlooks.

02/15/2024

South Africa just muddling along

Although inflation encouragingly moderated to 5.1% in December, some near-term upward pressures will lead to a short-term downward trend in the inflation indicators