Managers of Wealth Africa

‘Recapitalisation will change banking landscape’

The banking industry is operating in a fluid, rapidly changing environment.

We need strong, resilient banks to achieve $1trn economy — CBN

It would require careful planning, robust and clear policy direction, dutiful implementation, and averred commitment from stakeholders that would galvanise the various sectors of the economy.

An improved federally collected revenue outturn in 2024

Despite the sequential growth in revenue, the federation's gross revenue was below the quarterly budget benchmark of NGN9.0trn.

Modest narrowing of the FGN’s fiscal deficit in Q4 ’24

The modest decline was supported by higher gross revenue collection, especially oil receipts, aided by improved crude production and a weaker naira exchange rate.

A modest reduction in FX reserves

This marks the third consecutive monthly decline after the reserves peaked at USD40.9bn in Dec '24.

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.

Comment, Analysis & Research