Managers of Wealth Africa

Final straw for South Africa’s economy: CEO

On top of taking a firm stance against supply arms, BLSA has called for a concerted effort to restore positive relations with the United States.

Reserve Bank clarifies ‘spelling error’ on new banknotes

The Pan South African Language Board, responsible for the translation, disagreed, saying the extra ‘N’ was incorrect on the old notes – explaining that the ‘N’ is only used when referring to a person and not an institution.

Margins on bank loans fall as deposit rates increase

The lower spreads have been achieved off the back of a tighter monetary policy stance by the Central Bank of Kenya (CBK), which raised the benchmark lending rate of the Central Bank Rate (CBR) some three times across 2022 to move the CBR from seven percen

It’s going to be a close call for South Africa

Given the persistent load shedding hitting the country, expectations are that both sectors are likely to show a decline.

South Africa has spent an entire month in the dark

South Africans have had it drummed and beaten into them that load shedding is likely to get worse in the winter months ahead.

Changes to work hours in South Africa face major hurdles: expert

According to Pienaar, the department’s plans and intentions will likely run into stumbling blocks as it explores this avenue.

Nearly Two-Thirds of South Africans Say Friends or Family Have Been Scam Victims

As real-time payments rise, so do scams, with 70 percent of South Africans saying they have received a message they thought was a scam

New data delivers some ‘comforting’ news for South Africa

Most major categories showed slower annual price increases, coming from a higher base.

Cash scarcity crippled Nigeria’s economy, says UN

Recently, the UN revealed that the Nigerian economy will grow to three per cent in 2023 due to its commodities trade and consumer goods and services markets.

Eskom is losing way more than R1 billion a month to corruption: De Ruyter

The amount that’s being stolen is probably higher than 1 billion rand, he said.

US-based low-skilled Nigerians boost income by 1,500% – World Bank

The report also revealed that in Nigeria, households that receive remittances invest more in agrochemicals and planting materials, and their farms have larger yields.

Sudan's conflict poses risk to region and multilateral lenders, says Moody's

Trade and Development Bank (TDB) had loans worth $931mln in Sudan

World Bank projects 13mln more Nigerians will fall below poverty line by 2025

This, according to the Bretton Wood institution is due to the country’s population growth outpacing poverty reduction

Shaky ground for investors in South Africa

This normalisation of interest rates has had a profound impact on the market since 2022, and we have been cautioning investors to expect this volatility for some time now,” she added.

Why there is good reason to be positive on South Africa

South Africa is beset by long-term and near-term challenges, most notably an ongoing power crisis, but we think that it’s not all doom and gloom for investors in the country.

Rand punches up – but remains on the back foot

Investec’s chief economist Annabel Bishop said that the rand reacted positively to dimming sentiment for US growth and its banking system.

Government was warned this would happen

The old adage of “too many cooks in the kitchen” is ringing true in South Africa, as the country now has three – even up to five – ministers that now govern or have some say in the energy sector and embattled power utility Eskom in

In a bid to make banking more digital-first, are we leaving the unbanked behind?

Are we as bankers so blinded by the bright lights of the digital realm that we can no longer see the needs of the unbanked?

Absa’s top executives’ massive payday – earning a collective R207 million

Return on equity (RoE) improved to 15.6% from 14.6%, and net asset value (NAV) per share grew by 4% to 16,255 cents.

Dark clouds gather for businesses in South Africa

84% of lenders in South Africa are pessimistic about growth, an increase from 69% last year.

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