Managers of Wealth Africa

A m/m decrease in DMO’s auction sales

The sales outcome in May is the lowest made so far this year.

A modest m/m rise in FAAC distributions

The m/m growth in distributed revenue also marks the largest increase in gross distributions since the 20% m/m gain in Nov ’23.

African Development Bank’s Adesina highlights Africa as the world’s best investment destination at BADEA’s 50th anniversary

Adesina further highlighted the resilience of African economies, “despite the challenges posed by climate change, geopolitical tensions, global inflation and rising debt, among others.”

How much you would have if you invested R1,000 in Discovery, Netcare and other health stocks – after the NHI bombshell

Additionally, although the signing of the controversial bill impacted South Africa’s JSE-listed hospitals, the lack of growth in medical aid is a growing concern.

Big turn for South Africa’s financial markets

The rand is one of only five emerging-market currencies to strengthen this year.

Africa's Venture Capital landscape faces challenges

Eghosa Omoigui from EchoVC shared this insight.

National Health Insurance is now law in South Africa

The laws have faced vehement opposition from the healthcare sector in South Africa, as well as from business groups, unions, workers and legal experts.

Locked-Up Investment Holders clash with Deputy Finance Minister during picketing

He said the Minister promised to forward their petition to the Minister of Finance for the necessary action.

Top 10 African countries with the largest private infrastructure investment

For decades now, a great deal of low- and middle-income nations have had to manage inadequate infrastructures, limiting their economic potential.

Global headline inflation moderate but still above long-run target

However, inflationary pressures have been somewhat sticky in the US. Headline inflation in the US

Steady growth in insurance premium income

According to the data, the gross premium of the industry increased

Sovereign Wealth Fund Boosted By $94.2M in Q1

The instruments needed to make the Fund operational have already been concluded by the government

Bank of Africa teams up with Bank of Palestine to boost economic ties

The partnership aims at boosting trade and investment flows between Morocco and Palestine

South Africa’s biggest companies trust Codehesion with their software and app development – This is why

Its areas of expertise include custom software development, mobile application development, design, maintenance, project management, team augmentation, and training.

Equity market opens May with N303bn for investors

This marked the second consecutive day of positive trading on the local bourse.

Pension fund records first dip in 18 months

Before this dip, the pension funds enjoyed an upswing for over a year.

‘Volatility of customs duty’s forex rate hurting economy’

He said the frequency of the changes in the duty rate has led to high volatility in cargo clearing costs

A q/q reduction in external debt service cost

The data shows that the federal government of Nigeria's (FGN) total external debt obligations decreased

African business leaders converge on Lagos for leadership awards

Ndukwe added that the summit would also feature training, networking, presentations, and the awards ceremony, where outstanding brands will be recognised.

Modest q/q rise in external debt

Based on standardised metrics, the total external debt is equivalent to c.16.6% of 2023 GDP.

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