Managers of Wealth Africa

Businesses in South Africa are struggling with the ‘new normal’

One major shock could have the potential to push these businesses over the edge.

Big shake-up coming for the JSE in South Africa

South Africa’s main stock exchange has been losing listings as companies grapple with difficult regulatory and funding conditions, making it less attractive to raise capital through initial public offerings.

Apex Group further expands South African footprint with ManCo acquisition

The acquisition of IPMC was subject to regulatory approval and customary closing conditions

African Development Bank, GIABA combat money laundering and terrorism financing in Africa through new project

Cherif commended the long-standing collaboration between GIABA and AfDB which includes training sessions for its member countries and technical assistance.

Consumers under pressure in South Africa – with relief still a while away

The South African Reserve Bank recently reaffirmed its battle to combat high inflation

How SA’s middle class lost their wealth over a decade

Most of it is tied up in physical property and retirement savings, both of which have underperformed.

Many SA living annuities no longer have unlimited offshore exposure

Investment companies may not invest more than 45% of their assets under management offshore.

An End to Electricity Subsidy

The NERC moved some customers from Band A to Band B

Old Mutual CEO scores massive R32 million payday – thanks to a big performance bonus

Net client outflows of R7,510 million improved by 40% from the prior year and were primarily driven by good inflows in its life business.

Zimbabwe’s big businesses are losing the fight for dollars

Retailers have been obliged to sell items at prices that are often significantly more expensive in US dollar terms than those same items for sale on the street.

Recapitalisation race: Top banks target $3bn fund in foreign capital markets

This came barely one month after the Central Bank of Nigeria directed Deposit Money Banks to recapitalise.

Experts Sensitise Nigerians On Retirement Planning Strategies

The panellists shared invaluable insights and debunked the myth that significant capital is required to begin investing.

Monetary aggregates still rising

The growth rate slightly outpaced the 5% m/m growth in Jan ’24.

Japan Partners With SAPP To Boost Renewable Energy In Southern Africa

The Southern Africa region holds immense potential for renewable energy sources like hydro, solar, and wind power.

NGX Group commences strategic investment in Ethiopian Securities Exchange

The investment in the Ethiopian Stock Exchange reflects NGX Group’s confidence in the potential of Ethiopia’s rapidly growing economy and capital market.

Pension net asset value reaches N19.8tr

The fund has shown resilience amid tough economic conditions growing by N229 billion or 1.17 per cent in one month.

FCMB supports ReelFruit on sustainable manufacturing

Financed by FCMB, the 800-metric-ton manufacturing plant affirms Nature’s Bounty’s commitment to large-scale production and environmental responsibility.

Kenya’s top banks take up $4.7bn in fresh capital on new reporting standards

The fresh capital comprised Ksh486.89 billion ($3.71 billion) and Ksh132.34 billion ($1.01 billion) worth of core capital and Tier II capital respectively.

How Innovation Bridge is helping entrepreneurs build a zero-waste circular economy in South Africa

The Innovation Bridge Portal is run by the DSI in collaboration with the Department of Small Business Development (DSBS).

The biggest investors in South Africa

The latest survey also showed that 51 out of the 79 top asset managers achieved level b contributor status for BEE, an increase from the 49 out of 70 seen last year.

Alternative Investments