Managers of Wealth Africa

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.

FY ’23 CIT collections outperforms 2023 budget CIT revenue projections

It is also worth mentioning that the data is compiled by the NBS from data provided by the Federal Inland Revenue Service (FIRS).

Ghana economic growth improves in Q4, but slows to 2.9% in 2023

The annual growth rate was higher than the 2.3% estimated by the International Monetary Fund in January, but was still significantly slower than 3.8% growth in 2022

African companies are growing rapidly.

The first is a representative company in Nigeria, a West African gateway and resource-rich country.

Rand hits R19 to the dollar as interest rates drag

A cut in interest rates in the United States would typically soften the dollar, giving some ground to currencies like the rand.

What to expect for interest rates in South Africa next week

He also said the bank won’t succumb to election pressures as the country prepares to vote on 29 May 2024.

Persistent inflationary pressures

The elevated reading reflected an acceleration in the food and core readings

South Africa's banks need to get better at cost controls

Progressive banks that drive costs down sustainably focus on ideas implementation and prioritisation – thus a high-velocity pipeline that delivers results

South Africans are living in recession

Economic growth was flat in the last quarter of 2023.

A net surplus on the financial account

According to the recently released BOP data, the financial account recorded a higher net surplus of USD3.7bn in Q3 ’23

Marked y/y growth in private sector credit

The PSCE/GDP ratio has also moved close to the sub-Saharan Africa average of 35.8%, according to World Bank Data.

Inflation hits Nairobi's higher income households hardest

A majority of Nairobi households are described as low-income while an additional 25 percent of homes in the capital city fall under the middle-income group.

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.

African trade less than 3% despite AfCFTA – Report

The report by the Economic Commission for Africa showed that African nations still engage in more trade with countries outside the continent than with each other.

Comment, Analysis & Research