Managers of Wealth Africa

Cape Town set to double ultra-wealthy population by 2035

The New World Wealthiest Cities Report 2025, published by Henley & Partners in collaboration with New World Wealth, offers a comprehensive analysis of these trends.

BoM: Inflation Could Rise in the Medium Term

Recently, the National Statistics Institute (INE) revealed that prices rose by 0.52 per cent in February, with year-on-year inflation reaching 4.74 per cent.

Google Highlights Key Potential in Turning AI’s Opportunity into Reality for Africa

He identified four areas of significant potential of how AI could benefit Africans to include: Individual Assistance, Sector Transformation, Scientific Progress, and Addressing Societal Challenges.

The woman who was the youngest senior manager at Absa and now chairs one of its biggest competitors

She eventually became something of a “serious” tennis player as a young adult—although she was never good enough to go professional, she said, and family finances were tight.

Dawie Roodt’s warning about SARS

The group noted that as much as R18 billion is owed in excise on tobacco.

R110,000 gift for people who buy a home in South Africa

These measures further strain household income, with the freeze of tax brackets and VAT increase being the immediate cost pressures.

Why South African banks must improve customer service

The simplicity and accessibility of its offering to consumers ensured its immediate success.

Power sector: inefficiencies and cash flow strains

Although the sector continues to grapple with inefficiencies, a slight improvement in generation capacity was recorded during the quarter.

Standard Bank, Absa, FirstRand and Nedbank score big

Although inflation moderated, delayed interest rate cuts placed a strain on the position of several developing economies.

Rising expectations for credit demand

The sector’s growth has remained constrained, with an average growth rate of 1.1% over the past eight quarters.

Standard Bank executives' remuneration increases and decreases: A detailed report

Bill Blackie, CEO of Standard Bank’s Business and Commercial Banking (BCB) division, also saw his total remuneration decline, by 5.1% to R43.70m.

The case for expanding SA’s global partnerships

A clear lesson from the latest US actions is that the more diversified your trading partners are, the more resilient you are to shocks from any one of them.

Wema Bank At 80; Testament to Growth, Innovation and Legacy

One of these entities was the Western Marketing Board. At one point, the Western Marketing Board (WMB) had deposited close to 200,000 pounds in a fixed deposit account in Agbonmagbe Bank.

140 more businesses in South Africa shut their doors

Following the longer-term trend line, the decline in liquidations seen since January 2023 appears to be slowing down and flattening out.

World Bank flags Nigeria’s weak statistical performance

The World Bank team was led by their Country Director, Ndiame Diop, and Practice Manager for West and Central Africa, Mr Johan Mistiaen, on Wednesday.

Somalia joins Afreximbank as it seeks to boost Intra-African trade and economic growth

Afreximbank and Somalia government officials pose for a photo during the Bank’s official visit to the country

A moderation in inflation expectations

The decision to peg 2024 as the new base year was significant, as it was a period characterised by significant price pressures due to a combination of factors.

Four new banks coming to South Africa

These banks offer customers retail, corporate, and investment banking services and earn billions in profits yearly.

The woman who ran one of South Africa’s largest banks and joined its biggest competitor

With her accounting and law background, she believed it was the perfect job for her. Although there was a steep learning curve, she learned a lot about banking.

IWD: UBA Amplifies Women’s Leadership, Financial Independence

At UBA, we continue to champion diversity and inclusion.

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