Managers of Wealth Africa

Old Mutual 'considering all options' amid reports of break-up

Old Mutual, the FTSE 100 insurance giant, has said it is "considering all options" amid reports it is planning a multi-billion pound break-up.

Why selling Barclays Africa, Absa to Bob Diamond would be a very bad idea

Diamond’s master plan for Africa would probably benefit from snapping up Barclays’ stake.

Barclays Africa Insists it will Survive Double Whammy

The bank says the move has no bearing on its financial status, neither will it affect its funding.

Fitch: Barclays 4Q15 Loss and Strategy Update Highlight Performance Challenges

The planned reduction of its 62.3% ownership of Barclays Africa Group Limited (BAGL) to a non-controlling stake could take up to three years, according to management.

Nedbank sees growth in Africa as Barclays Plc exits

‘Barclays Africa a strong competitor regardless of shareholder’ – Mike Brown.

The Entrepreneurs Spurring Africa’s Rise

Many African nations face grave challenges, including widespread poverty and unemployment. But the continent is also home to many of the fastest-growing economies in the world and entrepreneurs who are spurring Africa’s growth in unique and dynamic

The rise of Africa's super-rich

Sections of Africa's rising middle class are increasingly finding themselves with greater spending power

From Trust to Loyalty - CFA Institute

Investment costs are even more important than performance to investors globally, and firms are not meeting expectations in this area.

Before Investing in Africa, Investors Need to Shed Two Major Misconceptions

This is what our business is: to advise companies and individuals how the Mauritius financial center can help to do that and then, if they’re interested, form a company in Mauritius to do that.

African stock market flotations are on track to reach their highest level since 2010

The projected rebound — to virtually twice last year’s figure and almost 10 times the 2012 low of $320m — comes despite a muted start for IPO activity globally amid heightened volatility, and a wave of capital outflows from emerging mark

Emerging markets industry sinks into post-boom soul searching

The near mania that once flabbergasted even emerging market specialists is gone. Now many of the firms that grew to serve investors in the likes of China, Brazil or South Africa are slashing their businesses and jobs, with more cuts to come.

Emigration and the Rand drops SA’s Dollar Millionaires by a fifth

Based on its 2015 migration survey, New World Wealth estimates that SA lost just over 950 millionaires to emigration in 2015.

Kenya among hotspots in Africa for private equity in 2016

This was despite sub-Saharan Africa’s top two economies facing economic slowdown and energy challenges.

Rich people bailing on SA

Last year was a particularly bad one for South African millionaires, according to the latest South Africa 2016 Wealth Report by New World Wealth. By Carin Smith.

Millionaires relocate over problems in SA

The report found that this emigration was due mainly to poor economic conditions, with the rand depreciating by about 25 percent against the dollar.

Port Louis ranked first in Africa for the quality of living and personal safety survey

Port Louis is ranked 83rd in the world in quality of living and 59th globally in personal safety.

Private Equity Exits Stack Up as South Africa Economy Wilts

The buyout company owns an interest in Consol Glass Ltd. and a share in cinema-chain owner Primedia Ltd. among its 10 billion rand ($639 million) in assets.

Tax considerations in an investment decision

A look at contributions to retirement savings and tax-free savings accounts, as well as endowment policies and Capital Gains Tax.

China has more billionaires than US: Report

The Hurun Global Rich List 2016 ranked 2188 billionaires from 68 countries, up 99 from last year, in another record-breaking year for the world’s billionaires.

Gordhan budget looks to steer SA clear of junk rating

The rand has gained 2.5% against the dollar since the beginning of the year to trade at 15.2232 as of 23:15 in Johannesburg on Tuesday.

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