Managers of Wealth Africa

Just transition threatens South African banking sector, with R1 trillion exposure

The paper's analysis is particularly focused on the banking sector's corporate loans, which amount to about R2.8 trillion.

South Africans earning over R15,000 a month are in serious trouble

Debtbusters, on the other hand, said that debt over 30% of one’s income is dangerous.

Ramaphosa, MPC to provide direction to what lies ahead for SA – Nedbank

Nkuhlu said Nedbank saw increased geopolitical risks with 60% of global nations going though elections.

2024 PwC Banking Survey released: Here are Ghanaian banks in good standing

The 2024 PwC Banking Survey has been released, revealing interesting developments in the Ghanaian banking sector.

All the banks that have collapsed in South Africa

African Bank (now stylised as Africanbank) entered a curatorship in 2014 due to liquidity problems related to unsecured lending.

A widening fiscal deficit

After deductions and transfers and additional revenue of NGN295bn from other sources

Key Highlights from the CBN’s 2024 Macro-Economic Outlook

The report provides insights into recent economic developments and trends in the Nigerian economy

Higher Capital Limits Put 25 Banks on Edge

Capital broadly acts as a buffer for a bank and provides a financial safety net to protect depositors

Bank charges least concern to customers in Kenya - KPMG

At least 50 percent of customers surveyed derive satisfaction in the ability to withdraw their cash when needed

Kenya is banking on six options after Finance Bill collapse, not two

All this overlooks one thing.

EY-Parthenon Real-World Strategy Dialogues – Telkom’s Dr Mmaki Jantjies on driving innovation in an evolving digital age

Dr Jantjies was also South Africa’s representative to the W20 in the G20, focusing on the digital inclusion of women.

Six richest people in South Africa right now

Forbes’ Real-Time Billionaires rankings track the daily movements of the world’s richest people based on their publicly reported assets.

New Minimum wage may push states into bankruptcy — NGF report

The report predicted that if the recurrent expenditure increased by 50 per cent, 13 states would fall into deficit, with only 10 remaining financially stable.

Importance of Portfolio Inflows and Reforms' Yield

This implies an average monthly depletion rate of USD64.4m

Inflationary pressures continue to subsidise

More pronounced is the fact that the m/m inflation reading decelerated for the third straight month to 2.14% m/m.

Dark clouds for middle-class and rich South Africans

On a product level, Home Loans saw the largest deterioration in CDI, with a 21% drop from 2.22 to 2.68 year-on-year.

Too many consumers enter debt counselling prematurely

Banks say indebted clients should approach them first before making rash decisions.

Tips for reducing expenses in tough economic times

According to NBS, the National marginal propensity to invest is 0.257, indicating that poor people in Nigeria experience just over one-quarter of all possible deprivations.

South African Billionaires See Rapid Wealth Surge Amid 2024 Market Volatility

The top six wealthiest individuals in the country have collectively gained $4.6 billion.

Africa must grow at double digit for 10 to 20 years before millions are taken out of poverty – Adesina

Real GDP is still not as high as we want.

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