Managers of Wealth Africa

African business leaders converge on Lagos for leadership awards

Ndukwe added that the summit would also feature training, networking, presentations, and the awards ceremony, where outstanding brands will be recognised.

Modest q/q rise in external debt

Based on standardised metrics, the total external debt is equivalent to c.16.6% of 2023 GDP.

Brazil signs Lusophone Compact agreement to boost private sector in Africa

Brazil engages Africa with its heart—Adesina

Domestic debt stock still on the rise

The sharp y/y rise in the FGN’s debt profile can be attributed to the inclusion of the securitized ways

South Africa's Capitec Bank reports 16% rise in FY profit

Capitec said it began relaxing its credit-granting criteria in late 2021

The rand could hit R21.40 to the dollar in 2024, warns Investec

Domestically, risk aversion is high ahead of the May 29th elections.

Ghana deal with bondholders 'a matter of time', says IMF official

The cocoa-, gold- and oil-producing country turned to the IMF for financial support in 2022

Warning for retirees in South Africa

This protects one’s capital while ensuring that the bulk of the money can keep growing over the long term.

Businesses in South Africa are struggling with the ‘new normal’

One major shock could have the potential to push these businesses over the edge.

Big shake-up coming for the JSE in South Africa

South Africa’s main stock exchange has been losing listings as companies grapple with difficult regulatory and funding conditions, making it less attractive to raise capital through initial public offerings.

Apex Group further expands South African footprint with ManCo acquisition

The acquisition of IPMC was subject to regulatory approval and customary closing conditions

African Development Bank, GIABA combat money laundering and terrorism financing in Africa through new project

Cherif commended the long-standing collaboration between GIABA and AfDB which includes training sessions for its member countries and technical assistance.

Consumers under pressure in South Africa – with relief still a while away

The South African Reserve Bank recently reaffirmed its battle to combat high inflation

How SA’s middle class lost their wealth over a decade

Most of it is tied up in physical property and retirement savings, both of which have underperformed.

Many SA living annuities no longer have unlimited offshore exposure

Investment companies may not invest more than 45% of their assets under management offshore.

An End to Electricity Subsidy

The NERC moved some customers from Band A to Band B

Old Mutual CEO scores massive R32 million payday – thanks to a big performance bonus

Net client outflows of R7,510 million improved by 40% from the prior year and were primarily driven by good inflows in its life business.

Zimbabwe’s big businesses are losing the fight for dollars

Retailers have been obliged to sell items at prices that are often significantly more expensive in US dollar terms than those same items for sale on the street.

Recapitalisation race: Top banks target $3bn fund in foreign capital markets

This came barely one month after the Central Bank of Nigeria directed Deposit Money Banks to recapitalise.

Experts Sensitise Nigerians On Retirement Planning Strategies

The panellists shared invaluable insights and debunked the myth that significant capital is required to begin investing.

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