Managers of Wealth Africa

Africa’s fastest-growing economy has SA investors lining up to share in spoils, say banks

Bloomberg reports that South Africa’s Standard Bank Group is among the global banks setting up offices in Ethiopia

Jersey Chief Minister makes official visit to Africa

Jersey is also a significant source of high-quality capital that's essential to meeting Africa’s investment needs and long-term development.

Africa: Private equity investment charting well

The report also noted that the total value of deals above $250 million was also significantly larger than in 2015.

Standard Bank has the least-satisfied customers in South Africa

Standard Bank showed another year of decline in customer satisfaction, with a score of 71.9 down 1.1.

South Africans and their relationship with money

Many feel that the next generation will be less financially secure, while a number worry about losing their existing investments.

Here is how many billionaires live in South Africa

The global ultra high net worth individuals population increased to 193,490, up 42% over the past decade, and is expected to climb 43% to 275,740 by 2026.

Kenya tipped to create 7,500 super rich people in 9 years

It means that the growth in ultra-wealthy people in Africa and Latin America will outpace that of Europe and North America over the next decade, the report says.

PE’s most expensive property sold for a record R16m

Port Elizabeth is coming into its own with more high net worth buyers relocating to the city

BoU Lauds Bank of Africa On Financial Sector Growth

We believe that the responsibility of Bankers goes beyond the core of their business.

Kenyans transacted Sh3 trillion via mobile phones last year

This means that Kenyans transacted an average of Sh280 billion in real-time mobile-based payments per month

Global ultra-wealthy population grows in 2016 despite uncertainty

One key influence on income in 2016 has been the performance of stock markets in dollar terms.

Capitec has the most satisfied customers in 2016

Absa recorded a negligible decline compared to its 2015 index score 74.2 in 2016 vs. 74.3 in 2015

Sustained commodity prices could spur SA and other emerging economies

If commodity prices continue higher and inflation keeps falling, a lacklustre South African economy should accelerate slowly this year

5 predictions for South Africa’s banking industry

The South African banking industry will see major shifts this year from a competitive and operational perspective.

This country is attracting rich South Africans

Investment in Malta starts from EUR200,000 (R2.7 million) to 250,000 (R3.4 million), said Cohen.

Offshore is a yes, but what?

Pointers on whether to choose a unit trust or stockbroking account.

Most high-income earners gloomy about the economy

An Intellidex survey shows 81% of high net-worth households feel less confident about the future of the economy following the budget.

Divorce of Barclays bank won’t affect banking in Africa – Expert

This has raised mixed reactions in the banking sector, with fears that this might trigger more pullouts in the African market.

Tax, property laws should be reviewed to boost non-interest banking – Stanbic IBTC

This we have seen playing out in the successful outcome of sukuks.

African wealth funds seek foreign partners

Meanwhile, consultancy McKinsey has estimated that investment in African infrastructure is so poor it needs to double to $US150 billion a year.

Comment, Analysis & Research