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Wealth and Asset Management

12/17/2024

South African billionaire Patrice Motsepe’s TymeBank now worth R27 billion

“They do not have plans to organically grow into Southeast Asia,” said Jonker, and its investment “is really the bet that they are taking as Nubank in Southeast Asia and Africa.”

12/13/2024

This is the average salary in South Africa right now

Basic salaries and wages rose by 0.8% (R6.7 billion) in September 2024, reaching R878.2 billion.

12/10/2024

RMB Private Bank expands its offering with FNB Connect

Our aim is to simplify and streamline connectivity management, adapting it to the lifestyle preferences of our clients by offering flexibility.

12/06/2024

Wealth managers and financial advisers globally dial-up private markets allocations in response to shifting market dynamics

On average, most investor allocations to private markets are either 5%-10% or 1%-5% of portfolio exposures.

12/05/2024

Everest Wealth, Part 2: How risky are its investment offerings?

Cash flow concentration and reliance on small businesses may make Laudian’s portfolio riskier than Everest Wealth suggests.

11/28/2024

How many millionaires live in South Africa – with 82,000 more expected

Faced with these challenges, many affluent South Africans have opted to leave the country in search of greater stability and security abroad.

11/27/2024

The man who’s a hair away from becoming South Africa’s next dollar billionaire

Calisto controls 20,028,811 of the company’s shares, giving him a direct 64.81% stake in the company valued at about R15 billion.

11/26/2024

Business Talk – Glacier CEO Khanyi Nzukuma on how to improve your offshore investment portfolios

Nzukuma also explains the approach Glacier’s advisors take to increasing their clients’ portfolio values and driving superior outcomes.

11/25/2024

Lombard Odier wins two awards at the WealthBriefing MENA Awards 2024

This award recognises Lombard Odier as the leading international private bank with headquarters outside the MENA region.

11/13/2024

Nedbank Private Wealth named Best Private Bank in Africa

Our role is not just to manage wealth, but to be a trusted partner in helping clients grow, protect and pass on their wealth to future generations

11/08/2024

Major shift for South Africa’s most exclusive bank

The firm’s new offering will include person-to-business and business-to-person payment services.

11/06/2024

Banking and advice integration attracts high-income clients for Standard Bank Private

Standard Bank’s consumer research show that over and above personalized banking service, private banking clients are turning to their bankers for advice

10/23/2024

Even wealthy South Africans are living paycheque to paycheque

This means that nearly half of their clients who earn a salary are left either in overdraft or with less than R1,000 in their account by the time payday arrives.

10/21/2024

How rich South Africans are protecting their money

This global mobility allows them to protect their assets in stronger currencies and ensure access to international markets.

10/08/2024

Northern Trust AM to Grow Fixed Income in EMEA

As a result, in April this year Northern Trust Asset Management announced that Christian Roth has been hired as chief investment officer of global fixed income.

10/02/2024

Dark clouds for remote workers and offshore investors in South Africa

South Africa is no exception, having introduced a remote work visa in May this year.

09/27/2024

Old Mutual Bank to launch in 2025, hopes for profitability after two years

The insurer has a transactional account with about 500,000 users, says CEO

09/26/2024

The 6 men who earned R266 million a day in 2024

Rupert’s net worth of $10.3 billion (R179 billion) is thanks to his wide array of investments.

09/23/2024

Where the super rich are investing their money

Real estate was king for 15 years because many members created their wealth in the real estate arena.

09/18/2024

South Africa’s millionaire banking bosses – raking in R635 million a year

Its headline earnings per share also increased by 22.7% in rand terms to 72.9 pence (R17.16), and the group upped its total dividend by roughly 28.07% to 34.5 pence (R8.12) per share.

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