Managers of Wealth Africa

Big spenders: Africa’s luxury goods market

Africa’s robust economic growth and booming population have given rise to an ever-expanding affluent class that underpins the growing demand for luxury goods.

True winners and false losers in the Forbes 2020 billionaire rankings

The Nigerian tycoon, on the verge of multiplying his income fivefold by 2021, saw his wealth blunted by the drop in shares in Dangote Cement.

Johannesburg ranks among world’s most expensive cities for luxuries: wealth report

New York ranked as priciest place to lay on a 400-person wedding banquet or hire a personal trainer, while London took top spot for the laser eye surgery that clears blurry vision.

Julius Baer launches inaugural Global Wealth and Lifestyle Report 2020

The inaugural edition of Julius Baer’s Global Wealth and Lifestyle Report showcases the trends in high-end consumption around the world, which are of relevance to our clients.

Johann Rupert: The wealth of SA’s richest man vs the rest of Africa

Johann Rupert may be the richest man in Mzansi, but he doesn't take Africa's top spot. Here's how his huge wealth compares to his continental competitors.

Atlas Mara Deal With Kenya’s Equity Group Holdings Expires

The preliminary agreement signed in April, which would’ve given Atlas Mara a 6.3% stake in Equity Group in exchange for the units, expired, it said.

Old Mutual Feud With Fired CEO Risks Thwarting Growth Ambitions

Old Mutual is struggling to grow sales and operating earnings amid tepid capital markets, a moribund South African economy and the worst Zimbabwe crisis in 10 years.

World's Best Private Banks 2020: The Tough Get Going

While rising ranks of wealthy individuals support growth in private banking, these are challenging times for the industry.

StanChart auctions luxury Mombasa apartments

The apartments are located on Shanzu beach, about 30 minutes’ drive from Moi International Airport and 20 minutes from the city centre.

South Africa managers pick up on Guernsey investment solutions

SA managers will be aware of the European UCITS funds, but Guernsey’s message is to look beyond the obvious.

Banks must prepare to serve the growing number of billionaires in Africa

The number of millionaires and billionaires in Africa continues to rise.

Investec to sell 10% of asset manager in March spin-off

The move was aimed mainly at delivering long-term value and was in the interests of shareholders and clients.

More than 40% of SA's rich now live on residential estates - these are the top 10

South Africa is a global pioneer in residential estate living - the only other country to have more is the US.

FirstBank Private Banking: Our clients are keeping us on our toes

FBN’s 125 year heritage in Nigeria, and growing international network, gives the private banking division a strong foundation to provide best-in-class, bespoke services to its high net worth clients.

Investec’s private capital head on Brexit, business and ‘super normal’ opportunities

Arjun Chopra talks to Arun Kakar about the South African bank’s vision for UK HNWs

Investec eyes £17.5 million wealth and banking cost cuts

Investec has identified further cost cuts of £17.5 million across its banking and Wealth & Investment businesses as it continues to work through a major restructure of the business.

SA's high-net-worth remain committed to philanthropy - new report

Despite this marginal decline in the total number of givers, however, Hlongwane says that the overall value of philanthropic activities in the country has remained relatively constant.

Wealthy Kenyans move money from small banks

Depositors and investors in Kenya were rattled three years ago when the CBK took control of three mid-sized lenders, Chase Bank, Imperial Bank and Dubai Bank, after the banks ran into financial trouble.

Namibia eyes wealthy expat retirees

While Namibian residency can be obtained on the basis of a business investment of NAD 2m ($122,000) and job creation, the application process is typically cumbersome - and not well suited to the needs of expat retirees.

FBNQuest offers tips on wealth management

The bank stated this at its Wealth Management Customer Forum, where it shared an in-depth analysis of the impact of long-term wealth preservation and inter-generational wealth transfer.

Wealth and Asset Management