Managers of Wealth Africa

PIC chasing more than returns

Reminds stakeholders that its mandate is wider than absolute investment returns, but it still has a huge impact on the JSE.

Absa Bank partners Tidal Rave to empower young entrepreneurs

This year marks the second collaboration between Absa and the Tidal Rave Festival.

Prudential acquires 100% stake in Prudential Zenith Life Insurance

As a reminder, the British group acquired, in 2017, a 51% stake in the capital of Zenith Life Insurance

Good news for interest rates in South Africa – what to expect

The bank’s modelling shows a total 150bp cut between September 2024 and March 2026, with small snips to rates hitting every other Monterary Policy Committee (MPC) meeting (three out of six) in 2025.

Investors Lose N187bn as Stock Market Commence October on Negative Note

Meyer followed with a gain of 9.94 per cent to close at N8.52

Investors Remain Wary of South Africa Rally, Top Bank's CEO Says

The formation of a government of national unity, led by President Cyril Ramaphosa after May elections, sparked renewed confidence in local markets as the coalition includes parties considered business-friendly such as the Democratic Alliance.

W’Bank partners ministry on maritime sector development

In his response, Oyetola while appreciating the team for the visit, informed them of the steps taken to tap the country’s marine and blue economy resources.

The big plan to grow South Africa’s economy by at least 3%

“We are setting out stretched goals, but the prize is big, and if we keep our heads down, it really can be done,” said Gore.

South Africa chasing after UK investors

Total infrastructure investment envisaged by the South African government over the next three years amounts to R943 billion

Soaring NPLs threaten banking sector — Up 4.3% YoY to 24.3%

Some players within the business community have attributed the phenomenon to the present economic conditions

African Development Bank takes $10 million equity stake in Kenya’s Dhamana following anchor investment from Private Infrastructure Development Group

This follows an anchor investment from the UK-Government-backed Private Infrastructure Development Group through its subsidiary, InfraCo Africa.

Gold shares on a tear over two years as PGMs slump

Boosted by a weaker exchange rate and sharply higher gold prices.

Nedbank partners with DP World to expand Sub-Saharan Africa financing

DP World Trade Finance and Nedbank are collaborating through this programme to provide enhanced credit to farmers for procurement of inputs for crop cultivation, including seed, fertiliser and diesel.

Financial Services Industry dominates trading at Nigerian bourse

A total of 92,630 units valued at N42.253 million were traded this week

Partnerships to turn billions into trillions

Using the AfDB as an example, Tshabalala highlighted the importance of partnerships to achieve ambitious development goals.

Big hit to pensions in South Africa

In real terms, the average BPPI for August 2024 moderated every month and dipped 1.0% below a year prior.

Absa Bank, GNCCI partner to empower SMEs

Absa Bank is committed to providing SMEs with access to finance while building their capacity for growth.

The role of gender diversity in African private markets

These statistics suggest the investment industry is at the forefront of diversity and inclusion.

GTCO’s Guaranty Trust Bank named best bank for Corporate Social Responsibility in Nigeria by Euromoney

Announcing the Award, Euromoney highlighted the range and impact of GTCO’s CSR initiatives spanning education, health, community development, and financial inclusion.

A m/m decrease in FAAC allocation

The most significant downward pressure was from exchange rate gains, which decreased to NGN468bn from NGN582bn recorded in the previous month.

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