Managers of Wealth Africa

Government Announces Commission to Coordinate Transfer of State Resources

The measure aims to ensure an organised, efficient and transparent transition of the resources allocated to the abolished structures

Over 6,000 government-owned residential properties in South Africa under investigation

Macpherson has requested the department’s Director-General, Sifiso Mdakane, to conduct the investigations.

Big win for the rand

This led to the rand weakening to around R16.58/$ last week, as oil prices climbed towards $90 a barrel amid the closure of the Strait of Hormuz again.

Hope for interest rates in South Africa

Inflation in South Africa has skyrocketed following the US’s war with Iran, with the ceasefire failing to hold.

SEC targets near-zero trade fail rate under T+1 settlement in H2 2026

Director-General of the SEC, Dr. Emomotimi Agama, disclosed this in a statement made available to the News Agency of Nigeria (NAN) on Sunday.

UK to Cut Bilateral Aid to Mozambique by 90% by 2029

The reduction is part of a broader UK strategy to gradually lower official development assistance to the equivalent of 0.3% of Gross National Income by 2027, following the government’s decision to redirect greater resources toward defence expenditur

Central bank replaces lending cap with targeted reserve policy

The central bank is replacing the quantitative lending restriction with a targeted reserve requirement framework.

New rules for foreigners buying property in South Africa

Foreign buyers are increasingly buying property in South Africa, especially in the luxury and ultra-luxury segments.

FAAC distributes N2.55 trillion as June gross revenue rises 32.6% to N4.5 trillion

The distributable revenue comprised N1.809 trillion from statutory revenue and N740.724 billion from Value Added Tax (VAT), representing the two major revenue streams shared among the three tiers of government.

CBN repays N2.97 trillion OMO bills after N2.5 trillion auctions on Monday

…Investors pour N2.55trn in bids on Strong Demand for 127-Day Paper despite moderating yields

New eviction laws coming to South Africa – with a R2 million fine or jail time on the table

Courts are being required to look beyond ownership and consider the broader context

Nigeria’s overnight funding market hits N97.45 trillion in June, highest since launch

...Average daily market activity rises 10.9% as benchmark overnight funding rate holds steady at 22%

Warning to South Africans with retirement funds

This is at the upper end of the Reserve Bank’s new tolerance band, which allows for swings of one percentage point around the 3% target.

Awosika urges entrepreneurs to embrace leadership, humility, financial discipline

She added that true leadership is about influence rather than authority.

T-bills auction: Government exceeds target by 77%; but to pay more for one-year bill at maturity

The government received GH¢10.03 billion of the bids from the investors.

CBN’s proposed HoldCo capital rules could trigger investor fatigue, shareholders warn

The concerns come as the July 9, 2026 deadline for stakeholder comments on the draft guidelines elapsed.

Rand takes a hit

Trump called the ceasefire “a waste of time” after the US launched strikes against Iran in response to attacks on ships transiting the Strait of Hormuz.

SARS nailed for R35 million

The court ruled in favour of QI, overturning the SARS Commissioner’s decision that held QI liable for over R35 million related to fuel shipments transported from Mozambique to Zimbabwe and Botswana.

Fitch warns climate risks could weaken Nigerian banks’ credit quality

Agriculture-related borrowers also face growing uncertainty as extreme weather events, including floods and droughts, become more frequent and severe.

SARS clarifies new mandatory travel rule for people entering or leaving South Africa

SARS said the system has been implemented to strengthen data integration and enhance the monitoring, analysis, and reporting of cross-border activities.

Regulation,Tax & Compliance