Managers of Wealth Africa

PayInc steps up push to move South Africa to digital payments

For more than 50 years, BankservAfrica played an important role in South Africa’s financial system, facilitating electronic card and cash payments.

Major international bank coming to South Africa

South Africa represents a key growth market for Revolut, underpinned by its diversified economy, increasing digital adoption, and growing appetite for innovative financial services, the fintech said in a statement.

Zenith Bank grows H1 gross earnings to N2.5tn

The bank said that it achieved this impressive increase in interest income through strategic repricing of risk assets and effective treasury management.

Discovery Bank to grow South Africa loans in bid to boost profit

The lender unveiled a raft of new products this year, including revolving credit facilities, and grew its personal and home-loan businesses, which boosted loans by 39% in the year to June.

KCB and Afreximbank in Joint Funding Deal to Operationalize Vipingo SEZ

Under the agreement, Afreximbank and KCB Group will provide initial funding amounting to US$ 500 million and US$ 300 million, respectively towards the initiative.

Jaiz Bank wins global honour as most progressive Islamic bank

He dedicated the award to the staff, customers, and stakeholders of the bank.

EBANX launches integration with Capitec Pay, enabling open banking for cross-border e-commerce in South Africa

The partnership introduces real-time, account-to-account payments to cross-border e-commerce through South Africa's leading digital bank

FirstRand takes selective approach as Africa expansion heats up

International banks pulling back from Africa leave space for local groups like FirstRand to expand.

FirstRand deserves highest rating of the big four

Independent analyst Carmen Mpelwane unpacks FirstRand and Discovery results – one the market loved, the other it hated.

Standard Bank named one of the World’s Most Trusted Companies by Newsweek

Thousands of companies were assessed, with only one thousand making the final list.

UBA extends N157bn rights issue deadline as recapitalisation race heats up

UBA said the extension was designed to provide shareholders with additional time to fully exercise their rights and participate in the rights issue,” which involves 3.16 billion ordinary shares of 50 kobo each priced at N50 per share.

B20 South Africa | Absa group executive weighs in ahead of summit

This marks the first time the B20 process has been hosted on African soil, and places South Africa at the centre of global dialogue on inclusive growth and sustainable development.

Zenith Bank targets Francophone Africa with Ivory Coast push after capital boost

The move marks the lender’s most ambitious cross-border push in more than a decade and reflects growing competition among Nigeria’s largest banks to capture market share in Francophone Africa

South Africa's Nedbank sells Ecobank stake for $100m

Jason Quinn, group CEO of Nedbank, explains that the move aligns with the group's effort to "optimise its capital allocation and focus on core growth areas".

Absa Bank Mozambique Profit Falls to 13 Million Dollars in Six Months

Total liabilities increased to 83.6 billion meticais (1.3 billion dollars)

The 6 largest banks in South Africa

While South Africa contributes only six banks to the list of the top 100 in the Southern Africa region, they’ve dominated regional banking for years.

Absa : Announces Strategic Executive Leadership Appointments and Changes to Accelerate Pan-African Growth and Customer-Centric Focus

By reorganising through a Pan-African purview, Absa will be streamlining its operations, simplifying organisational designs and structures, and leveraging data and technology better to deliver enhanced value to customers.

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