Managers of Wealth Africa

SA, Tencent fade as new Prosus CEO sets bold course

Firmly profitable e-commerce businesses completely change the group’s trajectory…

South Africans are keeping the economy afloat by spending their pensions

SARS initially forecasted to collect R5 billion in extra tax from two-pot withdrawals during the 2024/25 financial year.

African Development Bank Approves Equity Investment in The Currency Exchange Fund to Support Access to Local Currency Financing Across Africa

The transaction will help mitigate the foreign exchange risks faced by borrowers in Africa, particularly those operating in fragile states and underserved markets.

Cedi’s mid-year gains halved as appreciation to dollar slows to 21%

Performance against other major currencies was however mixed.

Rising trade surplus on export growth, import compression

A positive takeaway from the trade data is that, despite weaker USD-denominated imports

Strong revenue growth y/y; down on FX-adjusted basis

Despite the strong y/y growth in naira terms, actual revenue for 9M ’24 amounted to USD15.5bn

R4.5 billion owed to South Africans – check if you’re one of them

The JSE has now launched a claimant campaign to address these challenges.

IMPI projects inflation to drop 17% by year-end

Nigeria recorded a rare disinflation in 2025

South Africa is sinking deeper into a debt trap

Africa’s largest economy has grown less than 1% on average annually for more than a decade, hamstrung by disintegrating infrastructure, graft, crime, logistics and energy constraints.

JSE hits new record above 105 000

Anchor Capital fund manager Peter Little again highlighted that the rally is being fuelled by a narrow group of shares.

Rand flexes as money floods into South Africa

Investec Chief Economist Annabel Bishop noted that the US dollar saw a period of relative stability last week following growing weakness that kept the rand resilient against the greenback.

Equity Group to Become First Kenyan Bank to Expand into UAE

The representative office will also enable Equity Bank to fund Kenyan and East African firms and investors with business interests in the Emirates and even for foreign traders, expanding its market base and customer portfolio.

FG targets 25% industry share of GDP by 2035

In a related development, Owan said that the government has validated the Nigeria Industrial Policy (NIP) aimed at driving inclusive growth

R3 trillion in pensions under threat in South Africa, and bill to end MP medical-aid privileges

Last month, South Africa’s statistics agency reported the highest inflation rate since September 2024.

Africa Targets $50B-a-Year for Climate, Amid a History of Unmet Pledges

Analysts are waiting for more information on the timeline for mobilizing the funds, as well as the participation of states and the private sector.

South Africa set to meet or beat budget-deficit goal: BNP

A smaller deficit would be welcomed by investors and the Treasury.

Gold surpasses inflation-adjusted record high set in 1980

The spot price of gold has surged about 5% so far this month, with prices hitting an all-time high of $3 674.27 an ounce on Tuesday.

Solid gains in gross official reserves

The recent boost in Nigeria’s external reserves has been supported by several factors

Billionaire Johann Rupert’s South African investment group set for big earnings boost

In a trading update for the year ended 30 June 2025, the group said that it expects a massive increase in headline earnings, which is the only metric used for trading statement purposes.

A q/q rise in Nigeria’s merchandise trade

The total value of goods exported during the quarter increased to USD13.9bn

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