Managers of Wealth Africa

Record cocoa prices and the unfair chocolate value chain – meet the entrepreneurs working to change things

The cocoa industry in some ways has itself to blame.

2024 EY Global Wealth Management Industry Report

Rethinking the how

South Africa kisses another 138 businesses goodbye – with more pain expected

Liquidations of close corporations decreased by 17 cases year-on-year, while liquidations of companies decreased by 13 cases.

Creative Firms Suffer Setback as MTN Group Appoints M&C Saatchi Abel

The statement further indicated that the business would be executed in partnership with all the African affiliates of the pan- African marketing services firm across the continent.

This is the average take-home pay in South Africa right now – with some positive signs

The average nominal BTPI in Q1 2024 compared to the corresponding quarter one year earlier showed a 6.2% increase.

Capitec CEO scores massive R65 million payday

In its financial results for the full year ending 28 February 2023, Capitec showed strong growth despite the challenging environment within South Africa.

A m/m decrease in FAAC disbursements

Given that the expansion in FAAC disbursements was mainly due to gains from currency depreciation

‘Sad picture’ for South Africa’s economy

A sad picture being painted on the South African economy, where its GDP growth rate

Dark clouds gather for South Africa as IMF cuts growth outlook

The government has taken some measures to address these problems

IMF reviews Nigeria’s economic growth to 3.3%

The updated forecast marks an increase of 0.3 percentage points from the previous 3.0 per cent growth prediction published in the IMF’s January 2024 World Economic Outlook.

Persistent upward trend in inflationary pressures

We turn our attention to the drivers of February's inflation reading following the release of the price watch series by the National Bureau of Statistics.

World Bank forecasts 3.4% growth in SSA for 2024 amid persistent inequalities

The report highlights a decrease in external resources available to African governments, rendering fiscal situations more susceptible to global economic disruptions.

Absa sees growth in digital uptake

Absa Bank Botswana realised growth rates of seven and 50% in the number of digitally active customers in its Retail and Business Banking segments last year

Work-from-home under pressure in South Africa- but these jobs are still holding out

With the restriction on movement, workplaces across the country shifted from office settings to remote work arrangements.

‘Nigerians should utilise mortgage financing to tackle housing deficit’

Akande stated that seeking a mortgage is a better option than taking out shark loans, which can cause undue stress.

South Africans are digging themselves into a hole

Nominal compensation grew by 0.5% qoq and 6.8% yoy in Q4 2023 but dropped by 0.9% qoq, albeit still up 1.3% yoy, in real or inflation-adjusted terms.

Zimbabwe set to announce fate of local currency after 73% plunge

The Zimbabwe dollar traded at 22 476 against the greenback, taking its losses this year to 73%, the world’s second-worst performance only after the Lebanese pound.

An aggressive rate hike by the MPC

In response to the prevailing inflationary environment, the committee aggressively addressed rising inflation and excess money supply in the financial system.

The three issues that South Africa needs to address to boost the economy

Traditional productivity measurements only provide a retroactive view of productivity, lacking the forward-looking to inform policy making.

The Road to Recovery

The IMF emphasized the significance of the Nigerian authorities' capacity to efficiently handle the nation's external financial commitments.

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