Managers of Wealth Africa

World Bank lifts South Africa GDP forecast on energy, logistics

Warns growth remains insufficient to tackle poverty and unemployment.

Exchange rate appreciates by N63 to seven-month high

Authorised currency dealers quoted the dollar as high as N1,495.01/$ and as low as N1,447.50/$ at the NFEM.

EU grants Eurocham €300,000 for advocacy in Nigeria

The EU’s intervention aims to reinforce Eurocham’s role in policy dialogue and strategic engagement with local governments, policymakers, and business stakeholders.

CBN policies prevented 42.81% inflation in 2024 – Cardoso

He also projected that diaspora remittances would rise to N31.79tn when fourth-quarter figures for 2024 are released.

All signs point to an interest rate cut this week

The decision also comes off the rand somewhat stabilising amid uncertain U.S. trade policies.

How SA’s bold new climate act and labour law can align to drive a just transition

In a hot and troubled world of work

Central Bank Announces Interest Rate Cut to 12.25% and Reduction in Mandatory Reserves

On 27 March, the BoM cut it to 15.75%, on 27 May to 15%, on 31 July to 14.25%, on 30 September to 13.5% and on 27 November to 12.75%.

Opportunities for Africa’s bankers as Ethiopia opens up the sector

The IMF has publicly welcomed Ethiopia’s opening up of banking to foreign investment after decades of protecting it as a strategic industry.

Ninety One to adopt SDR label for Global Sustainable Equity fund

The fund takes a positive inclusion approach

New currency for South Africa, China, and India under fire

He repeated that countries would face hefty tariffs even if they considered reducing the dollar’s role in global trade.

New retrenchment rules coming for South Africa

This fair procedure allows an employee to respond to allegations of misconduct.

African Development Bank approves USD 170 million loan to support Egypt’s private sector and economic diversification

The first phase of the programme was widely regarded as successful.

Regulatory Compliance and Risk Management in FinTech

With the increasing complexity of global regulations, the stakes for non-compliance are higher than ever, posing significant legal, financial, and reputational risks.

Big shift for interest rate expections in South Africa

Expectations have shifted from a more rapid but small series of cuts in early to mid-2025 to a much slower fall of only one or two cuts in the entire year.

Sputla’s grand plan to resolve municipal debt to Eskom

After a five-month investigation, Moneyweb can now disclose the details.

South Africa should kiss SABC TV licences goodbye

South Africans who migrate to streaming services watch the service on all types of screens and do not want to pay for TV licences.

New law can wreak havoc among South African businesses

Ramaphosa said this will be done while reducing the risk of job losses and promoting new job opportunities in the emerging green economy.

Government agrees to increase wage hike offer for public workers

To control its finances, the government wants to link public sector pay increases to the consumer price index for the two years after 2025-26.

RTI Commission slaps SSNIT with GH¢200,000 fine for non-compliance

The saga began on November 14, 2024, when the journalist petitioned the RTI Commission

National ID mandatory for shareholders’ pending digital re-registration

Shareholders can use either 12-digit or 16-digit national ID numbers, clarified the letter.

Regulation,Tax & Compliance