Managers of Wealth Africa

South Africans don’t trust insurers to have their backs in time of need: Index

Only a handful of providers meet and exceed customer expectations, Consulta said.

Africa’s Top Investment Destination Could Suffer Its Biggest Loss In The Last 3 Years

Egypt’s economy is heavily based on tourism, trade, gas and exports.

African Banks find solace in 12% bond yields as lending dries up

‘Many banks will want to preserve their capital by taking as little risk as possible and then invest in government securities.’

Vantage exits Vumatel

Vumatel started out its life rolling out South Africa’s first fibre optic network to homes in Parkhurst by partnering with internet service providers who provided connectivity to their residential customers whilst Vumatel remained the owner and oper

Morgan Stanley-backed fund to buy virus-hit South African firms

Africa's most-industrialised economy was in a recession even before measures to contain the coronavirus brought businesses to an abrupt halt.

Government Announces Victoria Falls Securities Exchange To Attract Offshore Capital

As a global securities exchange, VFEX will seek partnerships with other global exchanges and partners around the world, and become a truly global platform.

Banks have given customers over R7.74bn in cashflow relief

SA banks are helping ensure that money still circulates in the economy, and businesses’ payment systems are kept as viable as possible: Banking Association MD Bongiwe Kunene.

Africa: COVID-19, Gold Demand and the Gold-Backed Stablecoin Opportunity

Investors turn to securities lending to unlock value

Latest report on securities lending activities at the Nigerian stock market showed that volume of shares and bonds lent out under securities lending arrangement rose by 7,986 per cent

Pension schemes in East Africa on growth trajectory

Today, we have fully independent government pension and corporate pension schemes that are fairly well co-ordinated.

S&P Affirms A/Stable Outlook & Notes African Trade Insurance Agency (ATI)’s ‘Policy Importance’ to the Region

S&P Global Rating published its annual assessment of the ATI's performance reaffirming the company’s creditor rating of ‘A’ with a Stable Outlook (A/Stable)

Listed-property clients can weather Covid-19 storm, says Nedbank

The lender will condone covenant breaches only if real-estate businesses are servicing their debt obligations, an official says

Banks’ Asset Quality Grows

Consequently, the industry's NPL ratio adjusted for fully provisioned loan loss category also declined from 9.4 per cent to 5.2 per cent.

Virus Adds to Woes of Nigerian Banks Beset by Oil’s Collapse

Most banks have their crude risks hedged at $40-$50 a barrel, according to ARM Investment Managers in Lagos, which means provisions would need to be raised if prices remain at current low levels.

Mboweni sees economy contracting by 6.4%, struggling Land Bank saved

The projected rebound "is possible but will require South Africa to be quite strong in structural reforms and the recapitalisation of some of the firms which may come under stress during this period."

Old Mutual donates COVID-19 testing machines to NIP

The NIP will be able to automate the extraction of the virus from collected samples

Have multi-asset funds lost their balance?

Another torrid quarter for investments aimed at giving those planning for their retirement the best equity

Foreign funding is SA’s best option

It comes at a lower interest rate than loans on the open market.

Ramaphosa announces South Africa’s biggest spending plan ever to fight coronavirus

The support package bolsters spending from a mere 0.1% of GDP to 10% of GDP.

Kenya’s GDP’s growth to decelerate to 3.5pc in 2020

Key factors that contribute to this rating include persistent fiscal slippages by the Government leading to expanded external borrowing, rising budget deficit to GDP ratio, high risk debt distress owing to adverse effect of locust invasion and COVID-19 pa

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