Managers of Wealth Africa

Facing slowing growth and credit downgrades, South Africa’s economy is stuck in the mire

The World Bank has cut South Africa’s growth forecast for 2019 through to 2021, citing weak investor sentiment and lingering policy uncertainty.

Zimbabwe gears for hyperinflation reporting

Once pronounced, local listed companies will then adopt a hyperinflation standard, IAS 29 of International Financial Reporting Standards (IFRS) which provides guidelines for entities whose functional currency is the currency of a hyperinflationary economy

Johannesburg is the wealthiest city in Africa

According to the 2019 Africa Wealth Report produced by New World Wealth and Afrasia Bank, Johannesburg is the wealthiest city in Africa.

President Kenyatta thanks AfDB for supporting development projects

President Kenyatta also thanked Mr Negatu for championing the funding of programmes

Can finance help Africa keep its wildlife?

As the continent’s population level is set to rise quickly, Euromoney looks at the work being done to connect conservation with economic growth.

Most investors believe SA won’t be ‘junked’

A majority of those surveyed expect the country to stay out of junk territory in the assessment of Moody’s Investor Service.

SA billionaires eyeing the Blue Bulls

The deal will see Remgro reducing its share to 37.45% and Motsepe taking up 37.45%, giving the two businessmen a controlling stake in the Pretoria-based side, the newspaper reported, without saying where it got the information.

UK/Africa: Preparing for a post-Brexit realignment

The budget will determine EU development spending and the post-Cotonou framework for the African, Caribbean and Pacific Group of countries.

Foreigners dump South Africa stocks at fastest pace in two years

Offshore investors were net sellers of R10.7bn of the country’s equities last week.

Kenya, IMF long-standing talks for $1.5b loan collapse

Collapse of the talks left in abeyance the renewal of the standby credit facility intended to cushion the Kenyan shilling, which last week depreciated to a four-month low against the US dollar.

Education is a priority for lower-income earners

But inevitably there’s a shortfall between what people can save and the real cost of education in South Africa,” says Wentzel.

Here are the top 10 most influential Africans for 2019, according to the Africa Report

The Africa Report for the midyear 2019 has revealed the list of the 100 most influential Africans.

When it comes to development, Public Private Partnerships give us a lot to wonder about

We have seen the social contract between state and citizen morph into a contract between state and private finance.

Ex-KCB boss Oduor-Otieno gets Sh26m for board roles

He is also a director of the privately-held GA Life Insurance Company.

Progress all round but work in South Africa stands out for Guernsey

By the time of the event, the promotional agency will have led two roadshows to South Africa in autumn 2019, promoting private wealth, pensions and funds.

Are SA pay cheques getting smaller?

The problem, as the Reserve Bank says, salaries aren't increasing at the same rate as inflation.

The Rise Of Mauritius As A Family Office Destination

Risk mitigation and confidentiality is paramount to African UHNWIs

Kenya risks sanctions on cash handling rules

Yesterday, the Financial Reporting Centre (FRC) boss Saitoti Maika warned that Kenya might be cited by the Financial Action Task Force (FATF) for non-compliance, leading to sanctions.

Contemporary Art From Africa Is Seizing Global Attention.

Here is your guide to six dynamic emerging art capitals: Accra, Addis Ababa, Cape Town, Dakar, Lagos, and Marrakech.

WATCH: Absa PMI declines amid weak domestic demand

The September decline in Absa's headline PMI was led by a sharp drop in three of its five sub-components, namely new sales orders, purchasing inventories and business activity.

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