Managers of Wealth Africa

Bad news for salaries and wages in South Africa

The MPC will be worried if there is a rise in inflation expectations.

South Africa’s second-biggest growth problem

More than half of applications were rejected on grounds including errors in the complex application process.

Overcoming payroll staff shortages: Effective approaches and importance

An outside payroll provider could provide some welcome relief, whether you choose to outsource your payroll function entirely or keep some of it in house.

Inflation eating away at what little income South Africans have left

Consumer price inflation surprised the upside in February and March.

Bloomberg ranks Dangote Africa’s richest man, Bill Gates 4th in world

Ellon Musk and Bernard Arnault are the first and second richest people in the world, with fortunes totalling $219 billion and $194 billion, respectively.

South Africa edging closer to recession

More positively, however, it also anticipates inflation to come down, with the average for 2023 now expected to settle at 5.9% from 6.0% before.

CEO vs lowest-paid worker salaries in South Africa

This means that Shoprite’s Pay Ratio is over 1,000, which is double that of second-place Woolworths.

No interest rate cuts soon despite inflation drop

The BoB last week said it expects inflation to remain within the three to six percent objective range going into the medium term.

SA could hit Reserve Bank’s inflation target sooner than expected: economist

Consumer inflation in South Africa was reported at 0.2% – lower than the anticipated rate of 0.4%, as predicted by analysts.

Interest rate relief back on the menu for South Africa

Inflation in May tracked lower despite an increase in petrol prices.

A period of remarkable achievements

Ekra joined the Bank in 1996 as Executive Vice-President

The most expensive bank accounts in South Africa – and how much you need to earn to qualify

Despite the decline in wealth levels in South Africa, many banks still offer accounts for the super-wealthy in the country.

How South Africans living overseas can claim their inheritance

The three scenarios depend on the statuses of the beneficiaries.

Aig-Imoukhuede: The Story of an Investor, Banker, Philanthropist

In the annals of Nigeria’s financial landscape, it is rare to find individuals who possess a track record of monumental achievements and yet remain humble and self-effacing.

‘Continuous training vital to employees’ growth’

"To sustain their market position, organisations must thoroughly evaluate their investments in employee reskilling, recognising its significance and impact on their competitiveness."

How Patrick Njoroge sought to shift power to the customer

He believed all customers deserved to be given upfront full information of any loan product they were taking so as to vote with their feet whenever they felt dissatisfied.

Kenya’s rich get richer as gap with the poor widens

The KNBS data expose the extent to which wealth distribution is skewed in favour of a tiny clique, with Nairobi having the widest income inequality among Kenya’s devolved units.

Double emigration blow for South Africa – leaving local businesses desperate for critical skills

South Africa does not track emigrants. However, a recent report from the UN showed that 914,901 South Africans were living abroad in 2020, a significant jump from the 786,554 recorded in 2015.

Nedbank slashes SA GDP growth forecast on back of power crisis and weaker rand

The Nedbank group economic unit (GEU) now expects the prime lending rate to remain flat for the rest of 2023 at 11.75% before starting a slow decline in 2024.

Bonn Climate Change Conference: AGN pushes adaptation measures for women and youth

The AGN also advocates the implementation of effective accountability and transparency of climate finance tracking gender-responsiveness funding.

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