Managers of Wealth Africa

Revealed: SA’s “big five banks” ranked from best-to-worst on complaints

More than 7 000 complaints were registered against South Africa's big five banks in 2018: Here are the best - and worst - performers of the bunch.

Words on Wealth: Regulations and the law of unintended consequences

Ironically, rules are proliferating. And unforeseen consequences are beginning to pop out of the woodwork.

Reliable, accurate information vital to policymaking in Africa

African governments are always coming up with policies and blueprints. How can you gauge the level of credibility of these policies and what are the shortcomings?

SBM gets licence to deal in securities

This brings the number of authorised securities dealers to three and the depositories to 20.

Investec battles Brexit, weak SA economy

Investec’s adjusted earnings per share rose 3.6% in the year to March 31, as it undergoes new leadership.

African Development Bank Approves Eur 90 Million to Support the Kenya Mortgage Refinance Company

KMRC is a non-Bank financial institution designed to provide long-term funding and capital market access to local lenders, including commercial banks, and Savings and Credit Cooperative Organizations to help consolidate the East African nation's grow

AfDB gets $61.8m to drive initiative for women entrepreneurs

About 21 countries including Nigeria, Côte d’Ivoire and other African countries will benefit from the programme

S. Africa: JP Morgan cuts local bond exposure citing rating risks et al

In foreign exchange, the bank said it had entered an underweight position on the South African rand, citing expensive valuations.

CBA and NIC told to retain staff as merger plan gets nod

The retention of staff will come as a major relief after a spate of layoffs by various lenders since 2016 on the back of the rate cap law to cut costs.

Africa: Women Entrepreneurs Finance Initiative Allocates Second Round Funding; Expected to Grow 70,000 Women's Businesses

This complements the first round of We-Fi funds announced in April 2018, which allocated $120 million for projects implemented by the World Bank Group, Asian Development Bank, and Islamic Development Bank to tackle the barriers facing women entrepreneurs

The economic cost of tax, our low savings rate and red tape

“Redistribution doesn’t actually help poor people to improve their financial positions or enable participation in the economy.”

Kenyan watchdog approves Commercial Bank of Africa and NIC Group merger

In March, Commercial Bank of Africa said its shareholders had accepted a share swap with NIC Group.

Nigeria central bank head nominated for second term

Central bank head first to get 2nd term in 20 years

As Europe grapples with Brexit, the African Union seeks a more United States of Africa

"The goal is to realize the union of an integrated, prosperous and peaceful Africa driven by its own citizens," he told CNN.

GMI Group Acquires Mauritius Regulatory License

The brokerage company is adding a new license to its portfolio

Clear guarantor laws will deal with lending grey areas

The amendment seemingly looks to clear the grey areas, particularly on the question as to whose property should be first realised whenever a principal borrower defaults.

New Banking Model At Play In Nigeria

Telecoms and traditional banks are being lured by a new system meant to give all Nigerians access to financial services.

Isuzu inks vehicle financing deal with Gulf African Bank

“The financing is open to everybody, it is not limited to the Muslim faith but we are looking at the entire country to help people acquire the vehicles for their businesses,” Mr Abdulkhalik said.

How the International Monetary Fund is waking up to the financial risks of the climate crisis

The paper stresses that mitigation instruments other than carbon taxes can have an important role if, for example, higher fuel prices are politically difficult or have limited impacts in countries that do not consume coal.

Kenya-Mauritius double taxation avoidance deal, a deep hole in revenue basket

Tax Justice Network found that the DTAA would undermine tax revenue mobilisation while delivering little benefit on the competitiveness front.

Regulation,Tax & Compliance