Managers of Wealth Africa

Ramaphosa announces raft of 'quick, targeted' interventions to buoy SA economy

The president said that while the economic impact of the lockdown would be significant, the "costs of not acting now will be far greater".

Govt considering ‘National Disaster Benefit’ fund to pay workers compensation - Cosatu

President Cyril Ramaphosa, on Monday evening, announced a raft of "quick and targeted" economic interventions to buoy SA's economy due to the impact of the pandemic and a 21-day nation-wide lockdown that will commence on midnight on Thursda

BMCE Bank of Africa / BMCE BANK International Plc gets DIFC category4 license

With the prospects of $200mn transactions from year one

South Africa: Nigeria to the PIC’s rescue?

The PIC’s cumulative assets under management are valued at R2trn, making it one of the most important entities under state control.

Kenya’s Equity Group to acquire BCDC in DR Congo

The Kenyan group has bid $105 million for the transaction and plans to subsequently merge BCDC with its local subsidiary in the DRC, Equity Bank Congo S.A, once the operation is completed.

South Africa's silence on the economy contrasts with major steps to contain the virus

City streets and highways flow freely in “rush hour” as firms send their staff home, while hotels and lodges are struggling to fill rooms.

Eskom pension fund is feasting off a captive audience

The pension fund laws changed in 2001, which allowed people to move their money, on resignation

Path Solutions selected as a strategic technology solutions partner of MyBank Limited Somalia

Under the terms of the agreement with MyBank Ltd., Path Solutions will provide a full Islamic core banking suite in addition to branchless banking as well as payments and personal financial management tools.

S.Africa pumps-up liquidity, mulls shorter trade hours to ease coronavirus strain

Central bank raises credit lines to cash-strained banks

When the ant felled the elephant

Surprise! Surprise! Zimbabwe, as does most African countries, figures in this infamous list of the hopelessly unprepared, which surprisingly also includes China.

Equity Group gets nod to set up independent insurance company

Equity now wants to put in place a fully fledged business with separate structures and commercial arrangements that will manage insurance-related products for the group.

Chinese Bank May Delay South Africa Opening on Coronavirus

Bank of Communications previously intended to be up and running in May or June, and earlier in the year it received all regulatory approvals, including a license from the South African Reserve Bank.

Nigerian Central Bank’s economic package is “too tiny to matter”

But economists and policy experts believe the CBN fails to address the more essential problems of the economy

Pension Board Promises To Alleviate Pensioners’ Sufferings

The director further said that the board is working tirelessly to provide smooth and stress-free service delivery to the FCT pensioners, just as he disclosed that the board is working on a charter, to guide its operation that would accelerate service deli

Regulation,Tax & Compliance