Managers of Wealth Africa

World Bank projects that East Africa will get richer under African Continental Free Trade Area

Real income will rise by 11.8%, 3.8%t, and 3.6% in Kenya, Uganda, and Rwanda, respectively.

Major red flags for South Africa’s $8.5 billion energy deal

Mavuso said that these allegations could spook the nations involved in the deal.

Group strengthens ties with BoI

The BOI Team, led by its Managing Director/Chief Executive Officer, Mr Olukayode Pitan, included its Executive Directors, Simon Aranonu; Usen Effiong; and Chief Risk Officer, Dr. Ezekiel Oseni among others.

Demand for these job skills is dropping fast in South Africa

“Year-on-year, however, hiring activity increased by 3% between January 2022 and January 2023,”

Global debt declines by $4tn in 2022 on stronger growth and inflation

Retrenchment driven 'entirely by mature markets' where total debt dropped to about $200 trillion last year, the Institute of International Finance says

How rich Africans grew wealth in 2022 – Report

The survey also showed that 14 per cent of UHNWIs in Africa are planning to invest directly in commercial property in 2023, and another 13 per cent indirectly through REITs or debt funding.

Return on savings below inflation first time in 5 years

This means that the savings will buy fewer goods and services in the economy

If you earn more than this a year – South Africa’s labour laws won’t automatically protect you

The threshold is being increased by R17,000, which amounts to a 7.59% jump.

How Treasury plans to short-circuit jitters over Eskom debt

Global investor call planned directly after the budget speech followed by a roadshow in SA, New York, Boston and London

A q/q drop in fx utilisation in Q3

Despite the decline in fx used for invisibles, the amount used to import goods

Highlights of the IMF Article IV Consultation with Nigeria

It forecasts Nigeria’s economic growth at 3% in 2022 and sees growth picking up to 3.2% in 2023

Kenya expected to earn up to $876mln from privatisation of state firms

The amount can be realised from the sale of nearly 48 of 248 state entities

Kokkie Kooyman: Bank lending data reflects SA’s “privatisation by stealth” – businesses investing as State services fail

If you still get lending growth of, let’s say again 10%, remember inflation is about 6%, so maybe even at 8%, then the banks will have another good year this year.

How bankers are under-developing the national economy

That’s the only conclusion one is left with after the punishment by banks and government during the past few weeks.

Recession warning for South Africa

Sustained outages are seen as the most significant risk to economic growth.

If everyone is included financially and digitally, we won’t need cash for anything – Ogechi Chinwe Altraide

If everybody understands how to do that transaction, then we would have succeeded in reducing cash or even eliminating cash from our system.

African economies remain upbeat despite multiple shocks, says African Development Bank VP Urama

On top of health impacts, Kpodar said that loss of learning hours due to school closures created a setback to human capital development in these countries.

Capitec says this skill will be the future of work in South Africa

Capitec said that businesses cannot underestimate the role of data in the digital economy, adding that it is no longer just data scientists who must manage the data but members of an organisation at large.

The cheapest bank accounts in South Africa: Capitec vs FNB vs Absa vs Nedbank vs Standard Bank and more

As a general rule, the researchers base the transaction profiles on what the major banks recommend to save money – so cash withdrawals are low, there are no physical visits to branches, and where purchases are made they’re done online or via m

SA medical schemes showing signs of recovery, study finds

Gems is the only closed medical scheme included in the survey.

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