Managers of Wealth Africa

The man who will take over the R209 billion Rupert empire

Johan Rupert and Anton Rupert Jnr. hold 7,551,005 shares in Remgro through an associate company, representing 1.4% of the company’s issued share capital.

The one government job that saw massive salary hikes this year – and 17 others

Topping the list are those working in provincial departments, where average earnings have jumped 22.3% to R34,801 per month

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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.”

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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

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.

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.

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.

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.

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

Wealth and Asset Management