Managers of Wealth Africa

South Africa urged to tap into big data to prevent future unrest

Dlodlo pointed out that intelligence agents, working with the South African Police Service, had averted “much more than was seen”.

South Africa’s best and worst digital banks according to customers

Customers said that TymeBank’s platforms are user-friendly, interesting and innovative, which could be attributed to the bank being seen as a disruptor in the banking space.

Cash problems for South Africa as banks warn of extensive damage

BASA said that banks are now assessing the extent of the damage done to this vital social security and economic infrastructure.

Why we are digital bank only ― DafriBank’s MD

In June, Dafribank Digital staged a giveaway contest on its Facebook page which culminated in winners across four African countries.

Ramaphosa’s message to businesses in South Africa

“Many have had to reduce the working hours of their staff or even retrench them.”

Tanzanian Government ambitious for development of Islamic Finance: Minister of Finance

AlHuda's 7th African Islamic Finance Summit Inaugurated in Dar es Salaam - Tanzania

Big relief for banks as Ghana exits money laundering list

This delayed transactions, raised the cost and slowed down business, the Chief Executive Officer of the GAB, Mr John Awuah, said.

Seismic shift as Nedbank moves to hybrid work-from-home model

Only 60% of office staff will work on its campuses on any given day.

Where South Africa’s lockdown restrictions, the economy and the rand are heading right now: Nedbank

From Q4 onwards, the recovery is likely to resume, the bank said.

What are employers’ and employees’ remote working rights (and responsibilities) during Adjusted Alert Level 4?

Can employers force their employees to work at the workplace?

Risks remain elevated for banks as 2021 may bring more business insolvencies - report

Its report, titled Global Risk 2021: Building a Stronger, Healthier Bank, said while banks proved their tenacity in 2020 by providing relief to customers without denting their financial standing much, it was now time to tend to their own health.

‘Nigerian banks’ earnings resilient over interest rate cycle’

The positive outliers for growth are Access Bank (growing quickly even before its 2019 merger with Diamond Bank), UBA and Zenith Bank.’

What Financial Choices for Africa in the Face of Climate Change?

All this, however, costs money, and with high debt levels, especially post-pandemic, many countries in the region lack the needed fiscal space.

Risk of debt defaults in Africa has increased – AfDB

“Public debt now exceeds 50% of GDP in nearly half of its regional member countries. Over the last decade, Africa increased its debt at a faster rate than any other region.”

Naira fears dominate business circles

The unofficial cash parallel market rate stands at N503/$1 by the close of business on June 30.

We’re committed to supporting African businesses – UBA

The bank said it had deepened its consumer lending product offerings to deliver services that would empower the customers and stimulate economic growth on the continent.

These are South Africa’s biggest banks in 2021

While South Africa’s banks continue to dominate the ranking in Africa as a whole, The Banker said that pressure on financial institutions as a result of the Covid-19 pandemic was clear.

Mauritius moves one-step closer to exiting the FATF increased monitoring list

A decision will be made at the next plenary meeting, scheduled for October 2021, to assess the exit of Mauritius from the FATF Grey list.

Household finances in South Africa expected to improve – but recovery will be slowed by lockdown: Nedbank

Economic activity continued to recover in the first quarter of 2021, boosting household finances, Nedbank said.

Bank of Industry debunks reports of unsecured lending

The remaining 7% of the loan portfolio are secured with legal mortgages and / or debentures as well as guarantees.

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