Managers of Wealth Africa

Sanlam books Sh639m profit after shock loss

Last year Sanlam took a beating when it wrote off bonds owed by Kaluworks (Sh169 million), Sh574 million by Athi River Mining (ARM) Cement, and Sh398 million by Real People Kenya.

Guernsey Finance targets South Africa private wealth

Guernsey is keen to grow its presence in the region, and Mr Crawford believes the country offers opportunities for the island.

StanChart first-half profit rises 3%, beats forecasts

The latest profit compared with the $2.23 billion average of 11 analyst estimates compiled by Standard Chartered.

Sanlam Investments selects Sustainalytics’ ESG research and ratings

As part of Sanlam Investment’s investment philosophy, sustainability is embedded as a core process, resulting in more insightful research and a better understanding of the potential for companies to deliver sustainable cash flows into the future.

Biggest Givers: Nigeria’s Leading Philanthropists

Philanthropy or charitable giving is currently at an exciting stage of development in Nigeria.

Majority of investors changed portfolios during 2018 market volatility

The global trend to chop and change investments after a shorter than recommended period, underlines that patience is not closely linked to either geographical attributes or the generation gap.

JP Morgan expects 10% annual growth in Mena wealth management business

A number of new sectors are being considered by Mena clients to boost their investment portfolio.

SCB Cameroon opens private bank for high net worth individuals

According to SCB, this agency is part of their plan to develop their network in the next three years.

Investec Asset Management acquires Egyptian retailer

A booming middle class, real GDP growth and 100 million population has attracted the company.

Bank renews commitment for wealth creation, sustainability

The Managing Director of Ecobank Nigeria, Patrick Akinwuntan, who made the observations during a breakfast session organized for its premier banking customers, said the bank is committed to having regular sessions to educate customers on ways to ensure th

Wealth report glosses over South Africa’s growing wealth gap

It says average person has net assets worth $11,500 – but reality begs to differ

Ecobank empowers customers to sustain wealth

“And this is an issue across Africa and Nigeria being the power house of Africa, it is only appropriate that Ecobank in Nigeria brings together our premier banking customers, and have this kind of breakfast session, where we talk about the real issu

Matjila: ‘I am prudent with other people’s money’

Paints a picture of a man who is savvy with money while demonstrating tardiness in getting his submission in on time.

Global wealth continues to build beyond Europe

The ultra-HNWI population declined by 4%, and their wealth declined by around 6%.

Money, money, money – the secrets of SA’s super-rich

The AfrAsia Bank SA Wealth Report for 2019 said there are five South African US dollar billionaires living in the country (those with net assets of $1 billion or more).

UNDP partners Tony Elumelu Foundation to empower 100,000 young entrepreneurs in Africa

The President of Niger, H.E Mahamadou Issoufou joined UNDP and TEF to launch the programme.

Cape Town's Camps Bay and Bakoven have the largest number of R20m homes - report

The report looked at the most exclusive suburbs in Cape Town and found that Camps Bay and Bakoven had the most amount of R20 million homes.

The frugal life is the safest road to wealth

Delaying gratification may be one of the biggest factors to overcome to build wealth.

39 000 South Africans have a net worth of $1m or more - report

Performance over the past 10 years was moderate with total private wealth held by people living in South Africa rising by 13 percent from $575 billion in 2008 to $649 billion in 2018.

South Africa Wealth Report 2019

The total private wealth held by people living in SA amounted to approximately US$649 billion as at December 2018.

Wealth and Asset Management