Managers of Wealth Africa

South Africa: State Worker Pension Fund Could Take a R12 Billion Hit From Steinhoff Share Collapse

The structure was linked to a R9.35bn loan extended by the PIC to Lancaster Group, a BEE investment vehicle, to buy Steinhoff shares.

Ghana Bans Funds From Taking Cash With $1.6 Billion Tied Up

Regulator probes 21 fund managers for allegedly flouting rules

Government pays over GHS3 billion to pension schemes

Expanding pension coverage to the informal economy remains a top priority for the Ministry

Zimbabwe Has a Plan to End 20-Year Standoff With Creditors

Zimbabwe authorities plans to lower interest rates from 50%

South Korea to Invest in the Future of Africa

Part of the dialogue was about understanding Africa and helping build an entrepreneurial presence on the continent.

These 7 companies have been pegged as SA's next heavy hitters

Starting in August and continuing over the coming months, each recipient will be provided with personalised support aimed at helping them scale up into "significant companies of R500m-plus in value

NSE stays in the red for third week in a row as foreign investor sales continue

The NSE 20-Share Index, which has remained stuck at a 10-year low for the three weeks, was unchanged in Tuesday’s trading.

Credit Suisse sees value in the following South African stocks

There are reasons to be more optimistic, the Credit Suisse analysts said. They expect some appreciation in the rand, while predictions about South African economic growth are overly pessimistic.

Swiss Re to set up new Ivory Coast reinsurance underwriting office to expand in Middle East and Africa

The office is expected to be fully operational by 1 October 2019.

South Africa: Lucrative Banking Sector Job Cuts Immoral in Economic Climate

When are profits enough and when does the well-being of bank employees, their clients and the country as a whole, begin to override this atavistic and never-ending quest for more?

Overcoming barriers to intra-African trade

Speaking at a pan-African Trade forum in Lagos, they identified other barriers to trade as poor infrastructure, lack of trust and different payment systems.

Timelines for EAC single currency to be revised

The Protocol for the establishment of the EAMU was signed in November 2013 by the EAC member states, setting up a 10-year roadmap for attaining a single currency regime in 2024.

African businesses eye UAE for growth, development

Africa is set to surpass China and India as a job market by 2040, and with the recent visa reforms in the UAE, Dubai has emerged as an attractive destination for Africans to pursue career advancement and professional fulfillment.

Billions poised for Africa’s real estate sector

Some of the most high-profile deals include well known listed funds and global investors

Billions poised for Africa’s real estate sector

“In the first two quarters of 2019, we’ve tracked ten significant transactions in excess of more than a half a billion dollars across multiple jurisdictions and sectors by API Summit stakeholders,” says Rusin.

South African bonds are now offering eye-popping returns compared to the rest of the world

A month ago, foreigners were still net buyers of almost R13 billion in South African bonds this year. But by last week, this was down to R5.1 billion.

Kenya to open trade links with Jamaica

There is no official data on trade and investments between the two countries

Motsepe's African Rainbow Capital acquires 25% stake in estate planning firm

It says this is due to having identified improved, efficient and cost-effective solutions to will drafting, estate planning and execution.

Nigeria's Access, Union Bank tap local bond market as yields fall

Yields on the one-year treasury bill were last auctioned at around 11%.

Strategic investor dumps shares in African Phoenix Investments

Coronation Asset Management also sold its entire stake

Alternative Investments