Managers of Wealth Africa

ICAP AFRICA launches new Division

The new division will have its headquarters in Johannesburg and will be headed by financial analyst and manager, Duncan Keil.

Innovation and resilience common themes amongst winners of African Banker Awards 2021

The Awards have become the most respected and recognised industry event celebrating African banking achievements.

Applications Officially Open for South African Women to Join the 2021 Academy for Women Entrepreneurs

This brings total participation in the program to 300 young South African female entrepreneurs, who have received training and mentorship in what has become a highly competitive entrepreneurship program.

We’ve expended N35b on pensions, gratuities since 2018, says Oyetola

The governor, who urged the beneficiaries of the bonds to be prudent in spending their hard-earned money, said it behoves them to utilise the resources well by investing in productive ventures that will bring value to their families.

Ecobank Transnational Incorporated formally opens the market at the London Stock Exchange after successfully listing its US$350 million Sustainability Bond on the LSE

This represents the first ever Tier 2 Sustainability Notes by a financial institution in Sub-Saharan Africa

EA countries race to form inclusive, affordable pension schemes for informal sector

By 2060, this global population (60 to 70 years) will be approximately 2.3 billion, with Africa contributing 13 percent (300 million) of the total of old people.

Goldman zeroes in on millennial spending with South African fund

“We are not interested in short-term fads that might last two or three years,” Richard Wiseman

After Entering South African Market, Access Bank Plans More

The deal was finalised after Access Bank’s acquisition of controlling shares in the former Grobank Limited, South Africa.

Bpifrance and the ICD commit to strengthening support for entrepreneurs in French-speaking member countries

This partnership illustrates the will of the two institutions to support and promote economic cooperation as well as to foster the growth of an entrepreneurial ecosystem

Alexander Forbes sells its retail life business to Sanlam for R100m

De Villiers said the transaction balanced appropriate solutions for AF Life clients, ensuring both a seamless transition for its employees to Sanlam Life Insurance and benefits to shareholders.

BoG starts domestic gold purchases as reserve

Central banks of developed countries such as the United States of America, the United Kingdom, Germany and other European countries, keep part of their reserves in the precious metal as a store of value and buffer for their currencies.

IMF picks holes in Nigeria’s economic recovery reports

The incipient recovery in economic activity is projected to take root and broaden among sectors, with GDP growth expected to reach 2.5 percent in 2021.

Push for pension change in South Africa by 2022

It is important to get the balance between giving workers relief and also ensure the sustainability of pension funds so that when workers retire they have sufficient funds to take care of them.

Kenya gets huge demand for its $1 bln Eurobond offer - lead bank

"Investors also liked that the issue was limited to $1 billion and that Kenya just struck a deal with the IMF," the banker added.

Scale of cash economy in South African townships stuns FirstRand

After almost three years, FirstRand has found that the scale of the unbanked businesses is much larger than it thought, Jesse Weinberg, head of the small to medium-sized enterprise (SME) customer segment at FirstRand's retail division FNB, said.

Gigantic diamond found in Botswana could be the world's third-biggest ever

The stone was discovered at Jwaneng, the world’s richest mine by value, which is undergoing a $2 billion expansion.

Banks in South Africa Market Sets the Table for Continued Growth

Banks in South Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025).

How Top African Brands Weathered the Storm amidst Pandemic

MTN and Dangote retained their status as the most admired African brands.

South African firm sells life business to Sanlam for ZAR100m

Deal is in line with ‘the company’s strategy and stated intention to dispose of its insurance cluster’

G7 Development Finance Institutions and multilateral partners to invest over $80 billion into African businesses over the next five years

The announcement is a welcome boost to support the long-term development objectives of African economies that have been negatively impacted by the crisis

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