08/15/2014
The largest investor backed the venture with £5m, although the majority were smaller investors with between £10,000 and £30,000, and are understood in part to be the clients of UK-based IFAs and wealth managers.
08/14/2014
As African Bank Investments Ltd. (ABL)’s bondholders calculate losses after a central-bank rescue of the South African lender that includes a debt write-down, Banque CIC Suisse sees a buying opportunity.
08/14/2014
Credit card losses also increased from 3,3% to 5%
08/14/2014
Wealth management is booming, but business is about growing profits, not just revenues
08/07/2014
The FTSE 100 insurer said, however, that it expected the external conditions for its emerging markets businesses to continue to be challenging in the next six months.
08/03/2014
The duo then waited patiently to answer questions from a room full of shareholders and analysts, who have generally been critical of their leadership of the bank.
08/01/2014
South Africa’s leading wealth management specialist to host 'Inspiration Indaba'
South Africa has a rich heritage of individuals whose stories have the power to inspire and humble.
07/31/2014
Revenue grew 5 per cent to 21.4 billion rand for the interim reporting period ended 30 June 2014 from 20.3 billion rand in the previous comparative period.
07/31/2014
Wealth & Investment reported strong growth in operating profit.
07/30/2014
A trust is an equitable obligation binding a person called a trustee to deal with asset or property
07/27/2014
An emerging market entrepreneur is a lot more likely to come to the bank looking for a business loan than a wealth fund
07/27/2014
More than 11 key staff have left WIM since October last year. When staff leave specialised units such as WIM revenue tends to follow them to their new companies because of the relationship they have with their clients.
07/27/2014
Nedbank boss plans leadership shake-up
The executive shake-up was alluded to in Nedbank’s recent update to the market after Brown missed his self-imposed deadline to appoint a new retail and banking head by the beginning of this month.
07/25/2014
Nigeria’s growing middle class offers retail riches, and danger
Before she can buy a loaf of bread at her local Shoprite in the northern Nigerian city of Kano, Binta Isa has to clear security.
07/25/2014
SA has one of the broadest ownerships of any financial exchange in the world today.
07/24/2014
HNWIs money’s should be invested globally, directly
The recent South Africa 2014 Wealth Book revealed that South Africa's 47 464 high net worth individuals (HNWIs) hold only 17.4% of their wealth outside of their home country, significantly lower than the global average of 20-30%.
07/23/2014
Investment concerns of the wealthy - chael Wilmot, head of investments at Nedbank Private Wealth
Many high net worth individuals are concerned about decisions to reduce the equity exposure in their portfolios, especially against the background of the tax costs such a decision would trigger.
07/22/2014
Islamic bankers don’t need new excuses to travel to the world’s sunnier climes, but meetings in Mauritius next to its pristine coral sand beaches could soon become a feature of the market — and not just for obvious reasons.
07/18/2014
Momentum Global Investors’ recent deal for the YourWealth.co.uk site is part of the South African asset manager’s drive for growth which its chief executive has said will see it seek further deals in the online advice market.
07/18/2014
Already, Nigerian made luxury brands are making inroads into high end stores in Nigeria and other countries in the region, including Namibia and South Africa, which have the largest luxury market on the continent.