Managers of Wealth Africa

Shock as banks record huge profit amidst gloomy economy

The key findings in the results is that the banks’ have now moved from foreign exchange windfall to interest rate windfall

Relief for South Africans in the next 3 months: Nedbank

The performance of the various subcategories was mixed.

A sustained moderation in PSCE growth

Returning to the data, other monetary aggregates, such as the broad money supply (M3), and (M2) money supply continue to outpace PSCE growth.

The Banker’s Top 100 African Banks 2024

Moroccan lenders improve their positions, while currency devaluations hit Nigerian and South African banks

New interest rate may worsen bad loans – OPS

He said the committee members unanimously decided to further tighten monetary policy.

Q2 GDP: Ghana’s economy grows at fastest pace in five years

Ghana’s economy experienced its fastest growth in five years, expanding by 6.9 percent in the second quarter of 2024.

Interest rate surprise for South Africa this week – what experts say

The oil price is assisting a lot more than everyone expected, and the stronger rand is going to help to keep inflation lower in the near term.

Expectation of further reduction in headline inflation

Today, we turn our attention to some of the primary drivers of July's headline inflation reading.

A further reduction in Nigeria’s headline inflation

The lower inflation reading was mainly due to the impact of base effects from last year and a deceleration in the food inflation reading.

Is it possible to become a millionaire on an average SA salary?

Yes, you can.

Good news keeps coming for inflation and interest rates in South Africa

Overall, they expect headline inflation to be 5.1% in 2024 before subsidising to 4.8% in both 2025 and 2026.

A Day Of Joy As The African Development Bank celebrates 60 Years

Adesina added that in the last eight years the Bank’s work has impacted the lives of over 400 million people across Africa.

Tony Elumelu: Nigeria’s economic growth requires more than short-term interventions

Our country has been hit hard.

Capitec is booming

This was a primary factor in the 22% year-on-year growth in earnings and headline earnings for the second half of H2 2024.

South Africans are still living through a recession – but there are signs of life

GDP has only increased by 0.3%, which borders on recessionary levels.

South Africa beats estimates

The slimmer-than-anticipated deficit was also driven by a smaller primary income account shortfall, the Reserve Bank said.

Corporate divorce – what businesses in South Africa need to know

Without proper planning and agreements, businesses face many challenges.

A q/q decline in DMBs credit extension

This contrasts sharply with a growth rate of +7% q/q registered in the preceding quarter

Sustained increase in the external reserves

Nigeria's gross official reserves have risen steadily since Jan '24.

South Africa getting to grips with economic reforms, central bank governor says

"South Africa is getting to grips with the execution of the reform programme in spite of the difficult environment," South African Reserve Bank Governor Lesetja Kganyago told reporters.

Comment, Analysis & Research