Managers of Wealth Africa

Property market improves in the second quarter of the year

It is reported that the average price for residential properties sold in the second quarter of the year increased by 5.7 percent to P857, 989.

Mwinyi charm offensive for a ‘New’ Zanzibar

The president held discussions with the Zanzibar National Chamber of Commerce on December 5 to chart his economic plans for the next five years.

Pension funds seek clarity on foreign currency trading

Inordinate delays in moving funds compounded difficulties in operating US-dollar policies, particularly settling claims.

Eskom: PIC ponders pension fund plunder for bailout

Eskom’s bailout emerging as equity swap by biggest bondholder

Who paid the price for Covid-19 lockdowns? Your pension fund, shareholders – SA listed property

Barnard says the listed property sector, which is down 33% year-to-date, has recovered 19% from its lows.

Zimbabwe: First Capital Completes Migration From Barclays, Offers New Products

Guided by this endeavour the bank has partnered with RIA Money Transfer Services becoming one of a few local banks providing money transfer services at a large magnitude enabling receipt of foreign currency through a diverse branch network system.

The countries where South Africans are buying offshore property

During the lockdown, Golding said there has been a significant increase in enquiries from South Africans for property offering residency in Mauritius, attributable to a number of factors.

Madagascar: The African Development Bank Approves $43 Million Loan to Finance Second Phase of Power Transmission Project

The financing comprises a loan of UA 20 million ($28.6 million) from the African Development Fund (ADF), the concessional lending window of the Bank, and a loan of UA 10 million ($14.3 million) from Pillar 1 of the Transition Support Facility (TSF), the B

EBRD and GCF boost green economy and value chains in Morocco

The deployed green solutions will help SMEs increase their competitiveness and access new markets.

Government debt escalates to R3.7 trillion, says Reserve Bank

In October, Finance Minister Tito Mboweni warned that the stock of gross debt would rise from roughly R4 trillion this year and to R5.5 trillion in 2023/24.

AfDB secures nearly US$90 mln in new funding towards sustainable energy in Africa

The Nordic Development Fund committed €10 million ($12.19 million), while the Swedish International Development Cooperation Agency put forward a promise of $8.98 million.

Ghana GDP Contracts For a Second Quarter as Industry Stalls

Quarter-on-quarter GDP contracted 0.3%.

ITFC launches letter of credit confirmation product

It aims to manage the risks associated with trading amid the pandemic, while also helping to facilitate trade and ensuring the steady supply of goods, states the ITFC.

How the Finance Bill will affect you

The Finance Bill, when signed into law, will have varying effects on individuals, businesses and organisations in Nigeria.

T-bills under target as bond sale sucks up liquidity

Investors bid were worth Sh1.55 billion on the Sh4-billion 91-day T-bill, and Sh3.01 billion and Sh5.28 billion for the 182 and 364-day offers respectively, which sought Sh10 billion each.

Australia, South Africa Take On The Late Payments Fight

Five-day payment terms will be possible through Australia's new eInvoicing solution, the nation's Treasury announced recently.

Swiss Re eyes expansion in South Africa with new direct insurance licence

Swiss Re Corporate Solutions established operations in South Africa in 2015. To date it has operated in the country as Swiss Re Corporate Solutions Advisors South Africa, a licenced Financial Services Provider binding direct commercial insurance business

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