Managers of Wealth Africa

Average salaries in the UK vs South Africa – How much more Brits earn

Considering the popularity of the UK for South African emigrants, BusinessTech decided to compare the average salary across various industries in both countries.

Kenya hits 60 with back-breaking debt

Kenyans were full of hope that their lives would be better than they had been under the four decades of the British rule.

Rand hits a new low after BRICS summit immunity announcement

“FX hedging has become a more sensitive subject, with many now simply looking for safety,”

Short-term pain, but long-term gain for South Africa

Notably, all members of the Monetary Policy Committee (MPC) unanimously voted in favour of the 50 basis point hike.

It should all be downhill from here

According to economists at Nedbank, while rising core inflation – inflation excluding food and fuel – remains a concern

South Africa’s budget has a politics problem

The salary growth for 2024 will be determined based on the Consumer Price Index (CPI) forecast provided by the National Treasury.

South Africans warned to get ready to tighten their belts

As a result of the extra financial burden incoming, Manyike said that households need to formulate a strict budget

What to expect from the Reserve Bank’s interest rate announcement this week

“Unfortunately, the recent exchange rate turmoil has seemingly raised the chances of a 50-basis point increase.”

Banks don’t always read their own terms and conditions

When signing the agreement, it is understood that the customer understands the terms and conditions, including the fees applicable to the account.

The rand’s nose-dive over the past decade

For one, “political and economic uncertainty has significantly influenced the rand in the past 10 years and resulted in the currency seeing a real seesaw.

Collapsed Banks: “Good Bank-Bad Bank” model was better alternative – Dr. Aboagye Debrah

The Banking Consultant said the expectation with this model is that the resulting “good bank” will have restored investor and market confidence

Four counties hold 55pc of all bank branches in Kenya

The four counties combined contribute an average of 43.5 percent to the country’s Gross Domestic Product (GDP), cementing their economic status.

Rentals on the rebound in Joburg as many now opt to rent rather than buy

Many are choosing to rent whilst they ride out this period of uncertainty

Even with a degree, South Africans can’t find a job

South Africa’s 10.6% unemployment rate for graduates is far higher than the 5.5% recorded in Q1 2013 – marking a 5.1% increase over the past decade.

Buyers reignite debate on pricing amid greed claims

A similar debate ensued a few years back when a property worth Sh450 million was listed in the market and the response was at best comical and at worst ridicule.

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.

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