06/19/2024
South Africa kisses R11 billion goodbye as more millionaires head for the door
NWW said that approximately 128,000 of the world’s millionaires are projected to migrate to a new country in 2024.
Wealth and Asset Management
06/19/2024
R461 million a day for South Africa’s richest people since January
Rupert maintains his title as the richest South African and is the second richest person in Africa (behind Aliko Dangote of Nigeria).
06/17/2024
Sanlam Collective Investments moves to global wealth platform
The management company says transferring multiple legacy systems to FNZ will vastly improve adviser efficiency and reduce operational risk.
06/14/2024
What you need to save in your 20s, 30s, and 40s to retire comfortably in South Africa
A comfortable retirement means different things to different people.
06/11/2024
Global Finance Names The World’s Best Sub-custodian Banks 2024
The list of winners of Global Finance’s Best Sub-custodian Bank 2024 Awards follows.
06/10/2024
How much you need to earn to be in the richest 1% in South Africa
This aligns closely with updated data from the World Inequality Database (WID), which puts the entry-level to the top 1% of earners in South Africa at around R151,600 per month (R1.8 million a year).
05/17/2024
UBS asset management leadership gets a refresh
The unit is undergoing streamlining, cost reductions.
05/15/2024
DIFC fortifies position as preferred global hub for wealth and asset management firms
Total number of wealth and asset management firms surpasses 370 in the first quarter of 2024
05/13/2024
Nedbank Private Wealth recognised as best UK private bank for tenth consecutive year
Winners are determined by a public online vote, which this year saw a new record of over 50,000 votes being cast.
04/25/2024
FirstBank emerges best private bank for sustainable investment in Africa
The Bank has remained consistent in reinventing itself, enabling success through the years of its existence for the last 130 years
04/25/2024
RMB Private Bank wins big at the 2024 Euromoney Private Banking Awards
RMB Private Bank named SA’s Best Private Bank for Ultra High Net Worth Individuals for the second consecutive year
04/17/2024
South Africa has lost over 11,000 millionaires
HNWIs are defined in the report as individuals with “liquid, investable wealth” exceeding US$1 million (~R19 million at current rates).
04/08/2024
Stanbic IBTC Bank wins big at the 2024 Euromoney Global Private Banking Awards
These awards recognise institutions that demonstrate exceptional performance in providing clients with superior advice, service and solutions.
04/05/2024
StanChart ties up with Old Mutual for wealth platform
The partnership is looking to expand in the Middle East, Africa and Southeast Asia.
04/04/2024
How long you would need to work to become one of the richest people in South Africa
The richest man in the world, LVMH’s Bernard Arnault – $223 billion (R4.1 trillion) – is also in the luxury goods business.
04/02/2024
RMB Private Bank wins big at the Euromoney AwardsOnce again named as the best private bank for ultra-high-net-worth Individuals in SA.
The awards recognise the achievements of the world’s top private banking and wealth management institutions in client service, product innovation, and commitment to the industry.
03/27/2024
FNB awarded Africa’s best international private bank
This is the second consecutive year FNB is receiving the award from Euromoney.
03/19/2024
R37 million payout for South Africa’s richest man
Despite the massive drop in total earnings, the group maintained its interim dividend at 80 cents per share.
03/15/2024
Digital innovation in wealth management
Since the financial crisis hit the markets in 2008, the sector has experienced massive changes, and the pandemic has only accelerated the pace of these changes.
03/13/2024
Alarm bells for middle-class and rich South Africans
Product-specific metrics also changed for the worse year-on-year, with home loans and credit cards showing the largest deterioration at 60% and 14%, respectively.