Managers of Wealth Africa

Stanbic Investment Management Services announces strong 2024 performance

In 2025, SCT will maintain its purpose as a money market fund, catering to investors with short-term investment goals and liquidity.

JSE hits 100,000 milestone

The JSE said that 2025 has positioned the JSE among the best-performing markets in the world in Dollar and Rand terms.

Old Mutual SMEgo’s R4.2m Pitchathon giveaway for SMEs

Fourteen businesses will receive R300 000 each.

South Africa must unlock financial sector for growth, says African Development Bank

“South Africa has a well-developed and large financial sector with an asset-to-GDP ratio of 88%, well above that of most emerging markets.

South Africans are in the danger zone

By its metrics, 63% of South African households are in the danger zone.

After Rebasing, NBS Puts Nominal GDP at $243bn in 2024

NBS also disclosed that the economy grew by 3.13 per cent in the first quarter of the year (Q1 2025).

Kenya’s largest bank to open UAE office to attract Gulf wealth

Equity Group Holdings Plc, Kenya’s largest lender, plans to establish an office in the United Arab Emirates (UAE) in the fourth quarter of the year.

South Africa needs trillions of rands – and the private sector has the cash

In South Africa, former Minister of Forestry, Fisheries, and the Environment Barbara Creecy said R1.5 trillion would be needed by 2027 to hit required levels for the Just Energy Transition Investment Plan (JET IP).

Foreign investment in South Africa barely scratches R680 a person

The study is based on World Bank data for those years, with South Africa recording FDI of $3.44 billion in 2023, dropping to just $2.4 billion in 2024.

New bank could be a game changer for Old Mutual

The group will launch its new bank, OM Bank, in Q4 2025 and is currently refining processes and enhancing the service experience.

Kganyago’s inflation warning for South Africa

Price increases normally affect the nation that imposes tariffs, but if other countries start retaliating, “then you might have a general rise in prices globally,” he added.

One group of South Africans in deep financial trouble

According to the report, over 165,000 Millennials are spending more than 50% of their monthly income on servicing debt.

Empowering The Next Generation Of African Leaders

A big thank you to the teams at Absa Group and Duke CE for choosing Axis as part of this immersive learning journey.

Shrinking JSE means growing problems for your investments

Portfolios are increasingly concentrated in very few large stocks.

FG lists N4bn savings bonds on NGX

The first tranche is the 16.121 per cent FGS JUN 2027 bond, with a tenor of two years.

Zimbabwe hopes to service external debt

Zimbabwe wants to restructure its $21 billion debt, of which around $12.3 billion is owed to external creditors

Everest Wealth’s 65% hedge fund return: Too good to be true?

Alternative fund manager markets unregistered ‘in development’ hedge fund.

EFG Hermes advises on the signing of landmark $190mln investment in Alameda Healthcare by DPI

This transaction marks Egypt’s largest private equity healthcare investment to date, reinforcing investor confidence in backing fast-growing platforms in Egypt

Another bleak year as South Africa’s growth prospects cut in half

South Africa’s Treasury in May trimmed its growth forecast for the year to 1.4% from a prior 1.9%

Kenya looks to privatise state assets to draw private-sector investments, says President Ruto

Kenya is planning to privatise some state assets via initial public offerings in order to bring in more private sector investment, President William Ruto said in remarks at the London Stock Exchange on Wednesday.

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