Managers of Wealth Africa

South Africans are still living through a recession – but there are signs of life

GDP has only increased by 0.3%, which borders on recessionary levels.

South Africa beats estimates

The slimmer-than-anticipated deficit was also driven by a smaller primary income account shortfall, the Reserve Bank said.

Corporate divorce – what businesses in South Africa need to know

Without proper planning and agreements, businesses face many challenges.

A q/q decline in DMBs credit extension

This contrasts sharply with a growth rate of +7% q/q registered in the preceding quarter

Sustained increase in the external reserves

Nigeria's gross official reserves have risen steadily since Jan '24.

South Africa getting to grips with economic reforms, central bank governor says

"South Africa is getting to grips with the execution of the reform programme in spite of the difficult environment," South African Reserve Bank Governor Lesetja Kganyago told reporters.

Inflation surprise is good news for interest rates

The outlook for the local currency may improve if the Federal Reserve cuts US interest rates.

How much you need to earn to be in the richest 1% in South Africa – and 20 jobs that could get you there

This figure varies slightly depending on the source and methodology, but it consistently hovers around this benchmark.

South Africans are poorer than they were in 2016

Compared to 2016, consumers who applied for debt counselling in Q2 had 44% less purchasing power.

Dark clouds for South Africans earning less than R40,000 per month

The result is a surge in credit impairments and defaults, reflecting the unsustainable debt burden carried by South African households amidst ongoing economic challenges.

Why you should consider voluntary pension contribution

The Act requires a minimum contribution of 18 per cent of monthly emoluments.

R800 per month pain for South Africans who don’t pay tax

Their household income is typically double their personal income, and nearly a quarter receive grants, and almost half are single parents.

Structured Commodity and Trade Finance Market is Booming Worldwide | Absa, Nedbank, Standard Bank

Industry standards like NAICS, ICB, etc are considered to derive the most important manufacturers.

South Africa’s Kganyago Warns of Era of New Economic Challenges

Policymakers have limited room to respond to new shocks

Middle-class South Africans take a R7,000 per month hit

Defining who qualifies as ‘middle class’ is a challenging task in South Africa, given the significant disparity between the country’s economic classes.

Just transition threatens South African banking sector, with R1 trillion exposure

The paper's analysis is particularly focused on the banking sector's corporate loans, which amount to about R2.8 trillion.

South Africans earning over R15,000 a month are in serious trouble

Debtbusters, on the other hand, said that debt over 30% of one’s income is dangerous.

Ramaphosa, MPC to provide direction to what lies ahead for SA – Nedbank

Nkuhlu said Nedbank saw increased geopolitical risks with 60% of global nations going though elections.

2024 PwC Banking Survey released: Here are Ghanaian banks in good standing

The 2024 PwC Banking Survey has been released, revealing interesting developments in the Ghanaian banking sector.

All the banks that have collapsed in South Africa

African Bank (now stylised as Africanbank) entered a curatorship in 2014 due to liquidity problems related to unsecured lending.

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