Managers of Wealth Africa

What you should know before cashing out your pension in South Africa – and what it will cost you

Govender said that you can only cash out your pension fund if you withdraw from the fund – in other words, when you resign or lose your job.

African Development Bank’s second virtual business opportunities seminar of 2020, draws 250 global partners and suppliers

In an opening address, Valerie Dabady, a Manager in the Bank’s Resource Mobilization and Partnerships Department, welcomed participants, highlighting the opportunities the seminar provides to external partners eager to know more about the Bank&r

KGL Group receives ‘Most Outstanding Customer Award’ from Stanbic Bank

The KGL Group has received “The Most Outstanding Customer Award” from the Management of Stanbic Bank Ghana Limited.

Sanlam partners with Robeco to achieve sustainability goals

Robeco has 17 offices worldwide and has $174bn in assets under management, of which $161bn is committed to ESG integration (June 2020).

Zambia heading for showdown with bondholders

The southern African nation isn't making it any easier for bondholders to give it breathing space.

South Africa tops OMFIF’s Absa Africa Financial Markets Index

Nigeria, Botswana and Namibia round off the top five. Nigeria has relatively liquid markets, while Namibia and Botswana enjoy a high concentration of domestic assets from pension funds.

Don’t build your retirement home with bricks

Locally, only government bonds still look attractive on the basis, and only if we ignore the ‘junk’ rating and our country’s dire financial position.

Kenya drops four places in investment attraction ranking

The report, a product of Absa Group and Official Monetary and Financial Institutions Forum, rates countries based on six pillars including market depth, access to foreign exchange and market transparency.

Standard Chartered and Experian drive financial inclusion

The success in India meant that Standard Chartered is now able to improve risk management for more clients who previously would have been underbanked.

Momentum and Absa to fund share programme for black staff

The shares will be held by the iSabelo Trust, which is being set up to manage the transactions.

Libya Business Council and Sahel-Sahara bank discuss cooperation and investments in Africa

The Sahel-Sahara bank has fourteen banks distributed within African countries through which it conducts the banking and financial activity, as well as supporting development paths and investment projects within Africa.

INSTANDA Launches Cyber Insurance Product in Africa

INSTANDA is headquartered in the UK with offices in the U.S., Chile, Japan and Australia, and operates in 13 countries and with over 60 clients across all insurance lines and distribution channels.

INSTANDA expands into South African insurance market

This follows its US$19.5 million Series A funding round in March and a series of European partnerships announced over the summer.

Quilter announces additional share buyback of up to £50m

Quilter listed on the JSE and the LSE in June 2018, and is using the proceeds of its sale of Quilter Life Assurance in December 2019 to return capital to shareholders

Once the tallest in Durham, the historic NC Mutual Life tower sells for $37.2 million

A global architecture firm, Perkins and Will, which helped design the Smithsonian’s National Museum of African American History and Culture in Washington, D.C., recently moved into the building.

Absa – OMFIF index shows improved resilience in African financial markets

It is the premier indicator of the stage of maturity of Africa’s financial markets, and serves as a guide for governments to put the necessary infrastructure in place to deepen and improve the markets in order for Africa to attract its fair share of

Britam not in a rush to sell 48.2pc stake in loss-making HF

HF is now transitioning to a full-fledged commercial bank under new management led by chief executive Robert Kibaara.

Rubis saves Sh1.2 billion in Gulf Energy buyout

The final price was €129 million (Sh16.4 billion) following the application of a price adjustment clause,” Rubis says of the Gulf transaction in a trading update.

CITITRUST Holdings Plc launches Investment/Asset Management Company in Malawi

CITITRUST Holdings has launched a wholly-owned Investment/Asset Management Company subsidiary in Malawi.

Are SA Investors More Motivated By Money Or Morals?

People want their values reflected in the way they invest, and are increasingly looking to contribute to a more sustainable society through their investments.

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