Managers of Wealth Africa

S.African insurer Discovery reports 12% drop in FY profit

Its normalised profit from operations fell by 3%

Private Equity Africa 2019 Awards - Shortlisted Firms Announced

The 2019 awards shortlist is a compilation of self-entries, complemented by editorial recommendations from the Private Equity Africa team

Old Mutual set to launch R2.4bn share buy-back programme

Interim chief executive Iain Williamson said the company believed its share price was undervalued.

Africa Finance Corporation raised $150 mln on Japanese capital market

To date, the institution said it has invested more than $4.5 billion in 29 African countries.

UNOPS to rally public and private sectors for infrastructure development

Ms Faremo said the housing units would be constructed on sites across the country saying; "this is a game changer."

The Gulf’s interest in the Horn of Africa: Influence and Economic Ties

All this enhances the Gulf States’ increasing economic, security and diplomatic influence in Africa.

Why now is a fine time for the African diaspora to invest in African states

The combination of the Atlantic Slave trade and Arab Slave trade dispersed the African diaspora throughout the Americas, Europe, and Asia.

Old Mutual First-Half Profit Rises 10%

Old Mutual’s target of expanding its results from operations at 2% above the compound annual growth rate of gross domestic product is going to be challenging to achieve over the next three years, Chief Financial Officer Casper Troskie said.

NSE profit falls 82pc on sluggish trade

So bad is the activity at the equites market that the NSE counter is trading at Sh11.4 a share near its 52-week low of Sh10.6.

SABC in 'dire' position, needs more time and capital, Parliament hears

SABC in the last few years faced many "internal challenges" such as leadership

Hatstone’s Sanmari Crous qualifies as a Certified Financial Planner Professional

This achievement comes after successfully completing a post-graduate diploma in Financial Planning at the University of Free State in 2018

Economists react with cautious optimism to Tito Mboweni’s recovery plan

Finance Minister Tito Mboweni's policy proposals to stimulate growth and create jobs over the next decade has received cautious support from South African economists.

Here’s how Japan plans to drive Africa investment

The enhanced insurance would fully cover loans to African governments, their affiliated institutions or private companies buying Japanese goods for infrastructure projects in Africa

Regulators to set up a pension solutions sandbox

Over 10 million Kenyans do not have any arrangements to save a portion of their income and most of these people are members of the informal sector which commands 83 percent of the country’s labor force.

Financial inclusion: Pension assets hit N9.33tr

Pension assets rose from N9.12 trillion in April to N9.33 trillion in June, indicating a N21 billion increase.

SA Jobs Fund to invest R200m in 27four’s Black Business Growth Fund

“The Jobs Fund contribution will help catalyse and accelerate investment from other investors into black private equity,” said Chad Potter, 27four’s Principal: Unlisted Investments.

Equity Group Reviewing African Fintech Unit as Executives Quit

Kenyan lender is considering making Finserve a division again

Country cannot afford NHI, Nedbank economist tells tax indaba

Radebe told delegates at the indaba that the country's flagging economy was not in a position to afford the NHI, which will be rolled out in two phases over a nine-year period.

Cell captives could stimulate insurance markets in sub Saharan Africa: Cenfri

Cenfri also highlighted the role captives can play as a pathway into the insurance market for prospective new insurance licensees while they build up capital, skills and experience.

Create a financial plan … and act on it

Investors can protect their money by changing the asset class or vehicle an investment is in.

Alternative Investments