Managers of Wealth Africa

Capitec Bank loses its crown as Africa’s most valuable bank. Here’s the new ranking

Last week, Capitec's market capitalisation reached R424 billion, overtaking FirstRand as Africa’s most valued bank.

Nedbank Commercial delivers banking that builds businesses

With our data and models we can anticipate what a client might need next and reach out first, says the bank’s Mark Rose.

South Africa has a new mobile operator

The system currently has four preset plans that range from 3GB at R169/pm to R499 p/m at 20GB.

Capitec is now the most valuable bank in Africa

South Africa’s biggest bank by customer numbers, Capitec has reported record profits for four straight years.

New bank taking on Capitec officially launches in South Africa

After a soft launch earlier this year, the bank is now officially open to the public.

Hammer blow to salaries in South Africa

According to BankservAfrica’s real take-home pay index, or BTPI, real incomes adjusted for inflation fell by 0.9%

Fidelity Bank to convene strategic panel on export financing at FNITCC Atlanta 2025

FNITCC serves as a bridge to close this gap.

How low-interest regime shrunk banks' half-year interest income

Particularly, income from loans and advances to customers dropped in the period compared to the previous year.

Absa secures regulatory approval to acquire parts of HSBC Mauritius

The official transition is planned to begin in the next few weeks.

Great news for African Bank customers in South Africa

The department had been courting the banks since April 2025 to join a new digital-first rollout of Smart ID and passport services to South Africans at large.

Letshego Lists New Bond Series on Ghana Fixed Income Market

The listings are part of the company’s larger GHS 500 million medium-term note program, a move designed to raise capital and offer new investment opportunities.

Absa CEO aims for retail expansion in South Africa

The new CEO also intends to expand the bank's market presence across its 11 African countries.

Absa Group Reports Strong Interim Earnings Growth

Absa Group has released its Q2 earnings.

Absa’s continental footprint now drives a third of group earnings

Analysts say Absa’s revenue mix mirrors Standard Bank, where continental operations are increasingly driving profitability.

Fidelity Bank strengthens regional media engagement to deepen customer education

Mr. Amponsah explained that Fidelity Bank, as a wholly-owned Ghanaian financial institution, considered the fortunes of the nation directly tied to its own success.

In bank boss merry-go-round, there’s only one clear winner

One bank has run rings around the others in growing a ‘dream team’ of talent.

Absa Business Banking Selects Network International to Drive Digital Payments Innovation Across Africa

Network will provide Absa Business Banking with end-to-end payment processing capabilities through a single payment platform and fully outsourced managed services model.

South African banks poised for resilience amid economic challenges - Fitch Ratings

Fitch estimates the effective tariff rate of 18.6% versus the nominal 30%, due to exemptions.

Standard Bank has bad news for South Africa

In South Africa, global uncertainty and local political developments dented confidence and negatively impacted the growth outlook.

South Africa: Pick n Pay partners with Capitec for in-store banking across 1,400 locations

Pick n Pay also offers one of the lowest flat fees for store-to-store money transfers in the country

Retail Banking