Managers of Wealth Africa

Coronavirus: legal update

elow are some important considerations and measures that businesses and entrepreneurs should bear in mind in managing the impact of the Coronavirus:

Investec’s Fani Titi: I could be driving a tractor — not a bank

The bank boss was living in a shack under apartheid. Then a scholarship to study in America changed his life

Businessman boasts of influencing debate on Reserve Bank

After nearly a decade of business boom for sub-Saharan Africa (SSA) banks, characterized by double-digit annual balance-sheet growth, the boom cycle appears to have run its course, largely courtesy of the pass-through effects of undesired economic events

Nigeria Is Africa’s Richest Country But South Africa & Egypt Have More People With USD 30 Mn+

The report projects that South Africa’s concentration of UHNWI will grow by 25 percent to become 1,293 in 2024.

Bad debt soars: Almost half of 25.1 million credit consumers in SA are behind on payments

Costa Natsas, head of financial services at PwC Africa, said the current ratio meant that banks expected an average credit loss of 80c for every R100 worth of loans or advances.

Coronavirus breakthrough: Australian researchers find ‘cure’

He said one of the medications, given to some of the first people to test positive for COVID-19 in Australia, had already resulted in ‘disappearance of the virus’ and complete recovery from the infection.

Impact investing is essential and SA needs to run with it

Investments made with the intention to generate positive, measurable social and environmental impacts are gathering momentum in SA

The Covid-19 Outbreak

The pandemic has greatly impacted all aspects of daily life: work, travel, tourism, financial markets, food supplies, social activities, public transportation, and much more.

Coronavirus: legal update

Businesses should verify their commercial arrangements to help develop strategies to mitigate business disruption.

Focus: How to work remotely

We respond to emails, reply to texts and take calls at any time to be at the top of our game, even outside of work hours.

Coronavirus Economic Planning: Hoping for the Best, Prepared for the Worst

This blog is part of a special series on the response to the coronavirus.

Nigerian tycoon Jim Ovia will earn $34.5mln of dividend as Zenith Bank CEO

The total shares held by Jim Ovia in his bank were valued at $180.1 million as of March 10, 2020, the deadline for receiving the dividends.

Dangote loses N240b in five hours to coronavirus

Benchmark equities indices indicated an average decline of 3.4 per cent on Weednesday, which is equivalent to net capital depreciation of N426 billion. The equities lost N985 billion between Monday and Tuesday.

Alcohol wipes and travel bans – how South Africa’s big banks are responding to the coronavirus

Standard Bank said it has a rigorous plan in place to ensure business continues in the event of a widespread outbreak in the country.

COVID-19: key questions for employers

Carla Benest (Partner, Jersey) and Rachel Guthrie (Senior Associate, Guernsey)

Coronavirus disease (COVID-19) advice for the public

Most people who become infected experience mild illness and recover, but it can be more severe for others.

7 Ways to Avoid Germs on a Plane

A face mask likely won't ward off coronavirus and flu germs—but hand sanitizer might.

Fiscal Policies to Protect People During the Coronavirus Outbreak

This blog is part of a special series on the response to the coronavirus.

Coronavirus and contracts: Understanding rights, obligations, and protections

While some contracts contain a simple boilerplate force majeure provision, others may be tailored to the specific needs and geographic issues of the parties and provide detailed consequences that follow from invoking the provision.

Shilling hit on CBK’s Sh40 billion dollar buy plan

The CBK announcement saw the shilling weaken by Sh1 a day or the biggest margin in a single session of trading against the dollar since August 2015.

Comment, Analysis & Research