Managers of Wealth Africa

Economists hit reverse on South Africa

She described the Q3 GDP figures as “disappointing”, and dulling the optimistic tone many had taken after the May 2024 elections and the end of load shedding.

Africa Finance Corporation Leads up to €2 Billion Syndicated Facility in Largest-Ever Global...

The transaction is a record global loan syndication for BOI, and marks the largest capital raise in its history, setting a new standard for developmental finance across Africa.

ADB committed to enhancing customer value, service experience – MD

He reiterated ADB’s role as more than just a financial institution, highlighting its position as a true partner in the progress and aspirations of its customers.

EBRD and African Development Bank Group to strengthen collaboration in support of SMEs in Africa

This integrated approach seeks to accelerate the growth of these SMEs to broaden their positive impact on local and regional economies.

Ninety One announces $260m first close of Africa credit fund

Ninety One’s ACO strategy “has demonstrated the ability to generate stable real returns

Why outsourcing your financial statements preparation is becoming a must rather than an option

As it has been the case across the alternative funds industry for several years, it’s most common to outsource the preparation of the annual financial statements.

The shock and surprise for investors in 2024

Since many elections take place at the tail-end of the year, the shortened window for confident trading and investment usually results in subdued overall activity.

PIDA initiatives have created 160,000 jobs in Africa

During project construction and operation, PIDA initiatives have created over 160,000 direct and indirect jobs, underscoring their impact on employment and livelihoods.

Africa is back on the map for equity investors

The currency moves in the largest four markets reflect challenging positive dollar returns.

A stronger GDP growth in Q3

The non-oil sector, which accounted for about c.94% of overall GDP, was the key driver of GDP growth.

Two pots on the JSE just got bigger

It is notable that two thirds say they have made withdrawals for home/car expenses, short-term debt and education.

FGN fiscal underperformance amid revenue shortfalls

The FGN's fiscal operations reveal a concerning trend, with revenues consistently falling short of expenditures, resulting in a sustained reliance on debt.

South Africa’s R48 billion untapped gold mine

SARS recently announced that R35 billion in outflows have occurred since the system’s launch.

SA’s international finance pledges for its energy transition now over $13bn

Significant as it is, current funding is a far cry from the R1.5-trillion SA needs to implement its plan

Ambitious budget plan amidst significant risks

The budget anticipates net revenue accruable to the Federation Account of NGN58.8trn

FirstBank hosts inaugural China-Africa interbank forum

This initiative was driven by the need to address the funding gap in Africa for industrialisation, infrastructure, and poverty alleviation.

It doesn’t look good for the NHI in South Africa

The worst performing province, which achieved an average rate of compliance of 15.89%, is the Northern Cape

Wema Bank Empowers over 40 SMEs for Global Success

Participants gained a comprehensive understanding of the export process, including the financial needs of exporters, global buyer expectations, and identifying potential international buyers.

R26,000 hit for some pension fund members in South Africa

Minister Godongwana revealed that as of 31 March 2024, only 108 of the country’s 257 municipalities were compliant with pension fund payments.

WAICA Re launches AFIN Bank UK

New £23.5 million venture bridges African expertise with international markets

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