Managers of Wealth Africa

A marked m/m contraction in revenue in Jan ‘25

Regarding drivers, the marked m/m reduction in the overall federal revenue was primarily driven by weaker oil receipts

The rising burden of external debt service

However, on a sequential basis, the external debt service cost decreased by -19% q/q.

A deterioration in global trade outlook driven by tariff war

The sharp downgrade was primarily attributed to the higher tariff environment and heightened global trade uncertainty

JSE reaches a new high

Banking, retail and property stocks have been buoyed by expectations of a Sarb repo rate cut in May.

The South African CEO whose pay fell from R290 million to R50 million in three years

Following the company’s strong performance in 2021, buoyed by a commodity boom, Froneman’s single-figure remuneration rose to an eye-watering R292 million, which was linked to long-term share incentives.

FG, States, LGs Share N4.9tn in Q1 as FAAC Allocation Rises by 44.7%

A review of the data for the first three months of this year indicated that in January 2025, all the tiers of government shared a total of N1.7 trillion from the Federation Account

Afrexim bank launches $3b revolving Intra-African oil import financing programme

Afreximbank is the largest financier of the Dangote refinery

FG, W/Bank aligning agenda to digitally empower young Nigerians — Edun

According to him, the government would provide digital infrastructure to enable young Nigerians to have access to the internet.

Capitec triples number of staff earning R250k to R500k a year

And departing CEO Gerrie Fourie scores R105m pay day …

World Bank projects 3.6% economic growth for Nigeria

According to the World Bank, the projected recovery is anchored on improved performance in non-oil sectors

Capitec surges 7% on record results

‘It’s about simplicity and transparency’ – outgoing Capitec CEO Gerrie Fourie on how clear pricing and easy-to-use services helped the bank earn the trust of over 24m clients.

The government chases away investments in South Africa

The Remgro CEO said their challenges with South Africa’s regulatory authorities influence their capital allocation.

Access Holdings posts N642.2bn profit

Meanwhile, the group’s income tax expenses also rose sharply, from N109.7bn in 2023 to N224.8bn in 2024, which had a moderating effect on the final profit after tax.

REX Insurance Advocates for Greater Youths Involvement in Insurance

She made this assertion at the 9th BusinessToday Annual Conference which held in Lagos recently.

PenCom Commits N5.51tn Pension Fund to Boost Real Sector Growth

According to PenCom, the growth was attributable to additional contributions received and investment income.

Inflation rate rises to 24.23%

“Looking at the movement, the March 2025 Headline inflation rate showed an increase of 1.05% compared to the February 2025 Headline inflation rate.”

African credit ratings can absorb aid cuts and trade strains, Fitch says

African-owned multilateral banks might become more important institutions in this shifting landscape

PPS Investments’ assets increased by 15% in 2024 to R97bn

The firm plans to target smaller advisory businesses that a conventional DFM would typically not take on.

Pension assets continue to grow

Excluding a mild decline in the value of money market instruments

The rapid rise of FGN’s domestic debt

On a y/y basis, the FGN’s total debt stock increased by 32% y/y, reflecting a rise in domestic debt issuance by the FGN to plug rising budget deficits.

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