Managers of Wealth Africa

2024 ending with a whimper: Nedbank

Nedbank now expects SA GDP growth of 0.5% in 2024.

Standard Bank: Leading the way for wealthy buyers in innovative real estate ventures

Another growing trend is converting properties into multi-tenanted dwellings for rental income

Standard Bank warns of financial strain after festive early payday splurge

The 49-day gap between early December and January’s payday leaves consumers struggling

TymeBank now making ‘sustainable’ profits

This made it the first digital bank to break even in South Africa and on the continent.

Roosevelt Ogbonna wins AFIS African Banker of the Year

His appointment followed the restructuring of the bank into a holding company structure, with Access Holdings as the parent entity.

Great news for retailers in South Africa

“Their confidence rose to its highest level since Q3 2007, driven by significant improvements in their sales volume and profitability indices,” said the BER.

Standard Bank’s Amish Shunker and Justin Milo on South Africa’s role as an intra-African trade leader

He has worked at the bank for over 15 years, holding several key leadership roles during this time.

Zenith Bank emerges Nigerian Bank of the Year at UK’s Banker Awards

She emphasised that the bank would continue to invest in innovative technologies, expand its range of products and services, and maintain commitment to exceptional customer service

Banks raise withdrawal limit to N50,000

At the GTBank branch located along the airport road, customers were allowed to withdraw N50,000 over the counter but a limit of N20,000 at its Automated Teller Machines.

Wema Bank awards N145m to outstanding innovators

It said the first runner-up, Empayment AI, received N35m for its AI-powered invoice discounting platform, revolutionising how businesses manage payments.

Nigerian Banks’ Borrowing from CBN Drops by 44.9% in November Amid Liquidity Crunch

So far in 2024, the MPC members have voted to increase the interest rate from 18.75 per cent to 27.50 per cent amid its mandate

Standard Bank sees earnings jump

Banking headline earnings also grew by low-to-mid single digits in ZAR and by mid-teens on a constant currency basis period on period.

Tranglo expands remittance services to 7 African countries

Tranglo tackles this with its efficient and cost-efficient solutions, making cross-border payments simpler and more affordable.

New payment system coming to FNB, Standard Bank, Nedbank and more next week

For instance, Standard Bank South Africa is rolling out PayShap Request for Corporates.

Africanbank sees ‘green shoots’ for South Africa

The group’s interest income declined by 4% to R7.0 billion

Old Mutual Private Equity sells SA retailer with R3bn turnover to UK-based Frasers

The 88-store Holdsport Group operates across the sporting and outdoor retail, wholesale, manufacturing, distribution, and e-commerce markets.

Mastercard and New Africa Technology launch FinTech card in Senegal, Côte d’Ivoire & Benin

"This collaboration represents a major step forward in making financial services more accessible across the region,” said Birane N’dour, CEO of New Africa Technology.

Customers’ deposits in failed Heritage Bank safe – NDIC

The NDIC boss also reassured the creditors of the defunct bank, who he said will receive payments after all depositors have been fully reimbursed.

Interest rate cuts are bad news for Investec

The group’s revenue also benefitted from balance sheet growth and the elevated interest rate environment.

Access Bank Relaunches Dutch Desk to Boost Nigeria-Netherlands Trade

Also, as part of expanding opportunities for Dutch entrepreneurs, Access Bank and Invest International have signed a memorandum of understanding to relaunch a new financing facility.

Retail Banking