Managers of Wealth - Africa http://africa.managersofwealth.com/ Mon, 13 Oct 2025 00:11:45 BST part of MediaG8way Group http://africa.managersofwealth.com/ http://africa.managersofwealth.com/assets/images/logo.png Managers of Wealth - Africa KohanaPHP R253 million payday for billionaire Johann Rupert News Aggregation Team Wednesday, September 24, 2025 1:00 am http://africa.managersofwealth.com/article/41254/r253-million-payday-for-billionaire-johann-rupert Rupert has 7,553,865 ordinary shares in the company through a controlled associate and controls 39,056,987 B-shares through Rupert Beleggings Proprietary Limited. Wealth and Asset Management South African billionaire Michiel Le Roux gains $87 million from Capitec stake News Aggregation Team Tuesday, September 23, 2025 1:00 am http://africa.managersofwealth.com/article/41241/south-african-billionaire-michiel-le-roux-gains-87-million-from-capitec-stake Capitec Bank co-founder Michiel Le Roux adds $87 million to his wealth after the bank’s stock surge boosts its market value past $24 billion. Wealth and Asset Management Citi Wealth releases 2025 Global Family Office Report News Team Tuesday, September 23, 2025 1:00 am http://africa.managersofwealth.com/article/41247/citi-wealth-releases-2025-global-family-office-report The report was compiled by Citi Wealth’s Global Family Office Group, which works with over 1,800 family offices worldwide Wealth and Asset Management FirstCape selects FNZ as it consolidates JBWere NZ’s wealth management platform and custodian News Team Tuesday, September 16, 2025 1:00 am http://africa.managersofwealth.com/article/41198/firstcape-selects-fnz-as-it-consolidates-jbwere-nzamprsquos-wealth-management-platform-and-custodian JBWere NZ CEO Craig Patrick says the decision marks a significant step in the long-term strategy to continue delivering client-centric solutions. Wealth and Asset Management South Africa’s hidden ultra-luxury goldmine News Aggregation Team Wednesday, September 10, 2025 1:00 am http://africa.managersofwealth.com/article/41167/south-africaamprsquos-hidden-ultra-luxury-goldmine According to Fortune Business Insights, the global luxury travel market will surpass $2.72 trillion (R48.13 trillion) in 2025 Wealth and Asset Management How South Africa’s ultra-rich protect their wealth News Aggregation Team Monday, September 08, 2025 1:00 am http://africa.managersofwealth.com/article/41151/how-south-africaamprsquos-ultra-rich-protect-their-wealth As the global economy becomes increasingly unstable, luxury real estate has become a favoured vehicle for financial growth, stability, and intergenerational continuity. Wealth and Asset Management Check out the top 10 richest Africans and how they made their money News Aggregation Team Monday, September 01, 2025 1:00 am http://africa.managersofwealth.com/article/41112/check-out-the-top-10-richest-africans-and-how-they-made-their-money A prominent philanthropist, he remains the continent’s defining industrialist, with wealth tied mainly to cement and downstream energy. Wealth and Asset Management Joburg vs Cape Town: Africa’s wealth capitals face off News Aggregation Team Friday, August 29, 2025 1:00 am http://africa.managersofwealth.com/article/41103/joburg-vs-cape-town-africaamprsquos-wealth-capitals-face-off Africa Wealth Report 2025 shows Johannesburg still in the lead – but Cape Town is catching up fast. Wealth and Asset Management Africa Wealth Report 2025: Continent Outpaces Global Growth as New Wealth Hubs Surge News Team Tuesday, August 26, 2025 1:00 am http://africa.managersofwealth.com/article/41078/africa-wealth-report-2025-continent-outpaces-global-growth-as-new-wealth-hubs-surge The continent is currently home to 25 billionaires, 348 centi-millionaires, and 122,500 millionaires Wealth and Asset Management Old Mutual wins best insurance service award News Aggregation Team Wednesday, August 13, 2025 1:00 am http://africa.managersofwealth.com/article/41019/old-mutual-wins-best-insurance-service-award The executive for marketing, public affairs and sustainability at Old Mutual Namibia, Mignon du Preez, said the repeat success in the awards reflects the trust customers have in the company. Wealth and Asset Management Philip Owusu-Gyamfi appointed CEO of JUMO Ghana News Aggregation Team Friday, October 10, 2025 1:00 am http://africa.managersofwealth.com/article/41344/philip-owusu-gyamfi-appointed-ceo-of-jumo-ghana His leadership has contributed to scaling JUMO’s AI-driven lending products Executive Moves MiDA Boss now Chief Coordinator for Global Grants News Aggregation Team Friday, September 26, 2025 1:00 am http://africa.managersofwealth.com/article/41264/mida-boss-now-chief-coordinator-for-global-grants The move is intended to streamline and enhance the country’s engagement with major international philanthropic entities. Executive Moves Access Bank appoints new MD News Aggregation Team Friday, September 26, 2025 1:00 am http://africa.managersofwealth.com/article/41270/access-bank-appoints-new-md She succeeds Olumide Olatunji, who has led the bank since 2018 and now transitions into a new executive role in Nigeria within the parent company, Access Bank PLC. Executive Moves Ethiopia Appoints Abiy Ally Eyob Tekalign Central Bank Governor News Aggregation Team Tuesday, September 23, 2025 1:00 am http://africa.managersofwealth.com/article/41245/ethiopia-appoints-abiy-ally-eyob-tekalign-central-bank-governor Tekalign succeeds Mamo Mihretu, who departed his position in early September after leading a series of major economic reforms. Executive Moves GCB Bank welcomes Cynthia Ofori-Dwumfuo as Chief Marketing Communications & Customer Experience News Aggregation Team Friday, September 19, 2025 1:00 am http://africa.managersofwealth.com/article/41229/gcb-bank-welcomes-cynthia-ofori-dwumfuo-as-chief-marketing-communications-ampamp-customer-experience She brings a track record of building influential brands, driving growth and fostering customer-focused cultures. Executive Moves Suntera Global strengthens Africa-focussed Private Wealth offering with senior appointment News Team Thursday, September 18, 2025 1:00 am http://africa.managersofwealth.com/article/41214/suntera-global-strengthens-africa-focussed-private-wealth-offering-with-senior-appointment Based in our Jersey office, Chad will play a crucial role in nurturing opportunities and growing our private wealth offering in the African market. Executive Moves Absa Bank Kenya appoints Mohammed Nyaoga as new Chairperson News Aggregation Team Tuesday, September 16, 2025 1:00 am http://africa.managersofwealth.com/article/41199/absa-bank-kenya-appoints-mohammed-nyaoga-as-new-chairperson He currently serves as the Chairman of the African Development Bank Group’s Disclosure and Access to Information Appeals Panel. Executive Moves CMC Networks Appoints Mahesh Jaishankar as MD News Aggregation Team Tuesday, September 16, 2025 1:00 am http://africa.managersofwealth.com/article/41203/cmc-networks-appoints-mahesh-jaishankar-as-md Mahesh brings over 25 years of experience in building and scaling advanced digital infrastructure businesses. Executive Moves Diamond-rich Botswana Appoints Nigerian as Chairman of Multi-billion-dollar Sovereign Wealth Fund News Aggregation Team Monday, September 15, 2025 1:00 am http://africa.managersofwealth.com/article/41193/diamond-rich-botswana-appoints-nigerian-as-chairman-of-multi-billion-dollar-sovereign-wealth-fund This is a foundation upon which we will diversify our economy, open new frontiers of opportunity, and build lasting prosperity for future generations. Executive Moves EBRD appoints Dasha Dougans as first Head of Benin News Team Thursday, September 11, 2025 1:00 am http://africa.managersofwealth.com/article/41180/ebrd-appoints-dasha-dougans-as-first-head-of-benin Ms Dougans will be based in Cotonou Executive Moves SA Banks Complicit in Enabling Organised Crime News Aggregation Team Friday, October 03, 2025 1:00 am http://africa.managersofwealth.com/article/41308/sa-banks-complicit-in-enabling-organised-crime Yet it was largely dismissed as a procedural hurdle for an otherwise sophisticated and highly regarded system. Legal Fidelity guarantee fund ordered to pay RAF claimant, after attorneys stole payout News Aggregation Team Wednesday, October 01, 2025 1:00 am http://africa.managersofwealth.com/article/41294/fidelity-guarantee-fund-ordered-to-pay-raf-claimant-after-attorneys-stole-payout Fund received 116 claims against Chueu Attorneys valued at R82.7m. SCA says the firm handled 6 000 files with an estimated R6.2bn gross value before its demise. Legal Woolworths fraud warning News Aggregation Team Tuesday, September 09, 2025 1:00 am http://africa.managersofwealth.com/article/41162/woolworths-fraud-warning Criminals often disguise themselves as banks or retailers and contact customers with urgent messages. Legal Court orders six banks to submit Sowore’s account details to IG News Aggregation Team Wednesday, August 27, 2025 1:00 am http://africa.managersofwealth.com/article/41088/court-orders-six-banks-to-submit-soworeamprsquos-account-details-to-ig The Federal High Court in Abuja on Tuesday ordered six banks to provide the Inspector-General of Police with account documents and full transaction details, including inflows and outflows, linked to Omoyele Sowore from January 2024 to date. Justice Emeka Legal BudgIT calls out ministry, budget office for violating fiscal transparency law News Aggregation Team Thursday, August 21, 2025 1:00 am http://africa.managersofwealth.com/article/41065/budgit-calls-out-ministry-budget-office-for-violating-fiscal-transparency-law BIRs reports are expected to detail the implementation of the annual budget and offer critical insights into government spending and the delivery of public goods and services. Legal Big storm brewing over new laws for South Africa News Aggregation Team Tuesday, August 12, 2025 1:00 am http://africa.managersofwealth.com/article/41012/big-storm-brewing-over-new-laws-for-south-africa This is specifically related to the admissions policies contained in the laws, which have been a highly controversial aspect of the entire BELA process. Legal Beige Bank: Dame challenges Ayine over GHS10m settlement claim News Aggregation Team Wednesday, July 30, 2025 1:00 am http://africa.managersofwealth.com/article/40939/beige-bank-dame-challenges-ayine-over-ghs10m-settlement-claim However, in a strongly worded response on Tuesday, July 29, Mr. Dame questioned the validity of the claim and demanded documentation to back it. Legal Bad day in home foreclosure court for Nedbank and its lawyers News Aggregation Team Monday, July 21, 2025 1:00 am http://africa.managersofwealth.com/article/40882/bad-day-in-home-foreclosure-court-for-nedbank-and-its-lawyers Lawyers referred to Legal Practice Council for misleading the court. Legal High Court of South Africa develops common law to address jurisdiction over foreign entities News Team Thursday, July 17, 2025 1:00 am http://africa.managersofwealth.com/article/40864/high-court-of-south-africa-develops-common-law-to-address-jurisdiction-over-foreign-entities This judgment marks a significant development in South African common law Legal Two new laws coming for South Africa News Aggregation Team Thursday, July 17, 2025 1:00 am http://africa.managersofwealth.com/article/40869/two-new-laws-coming-for-south-africa The Minister of Justice and Constitutional Development, Mmamoloko Kubayi, has introduced the International Co-operation in Criminal Matters Amendment Bill to parliament. Legal South African fintech company has a new name News Aggregation Team Thursday, October 09, 2025 1:00 am http://africa.managersofwealth.com/article/41336/south-african-fintech-company-has-a-new-name It invests in and grows businesses that it believes deliver compelling and disruptive solutions to financial institutions and other enterprise clients. FinTech AI fintech Optasia targets South Africa’s biggest IPO in a year News Aggregation Team Wednesday, October 08, 2025 1:00 am http://africa.managersofwealth.com/article/41333/ai-fintech-optasia-targets-south-africaamprsquos-biggest-ipo-in-a-year Optasia is seeking to capitalise on a 30% advance in South Africa’s benchmark stock index and the frenzied demand to own stakes in AI-powered companies. FinTech Barriers endure in African digital trade, say WTO, World Bank News Aggregation Team Friday, October 03, 2025 1:00 am http://africa.managersofwealth.com/article/41311/barriers-endure-in-african-digital-trade-say-wto-world-bank The organisations have carried out digital trade reviews for six countries – Benin, Côte d’Ivoire, Ghana, Kenya, Nigeria and Rwanda – to identify potential next steps for policy. FinTech SA banks step up Africa drive amid fintech rivalry News Aggregation Team Thursday, October 02, 2025 1:00 am http://africa.managersofwealth.com/article/41297/sa-banks-step-up-africa-drive-amid-fintech-rivalry Moody’s warns that digital competitors are already eroding banks’ market share. FinTech Capitec expands digital ecosystem to 14 million app users News Aggregation Team Thursday, October 02, 2025 1:00 am http://africa.managersofwealth.com/article/41301/capitec-expands-digital-ecosystem-to-14-million-app-users The bank has invested significantly into its digital services, resulting in app user growth of 13% to 14 million users. FinTech PalmPay Named One of the World's Top 300 Fintech Companies of 2025 by CNBC & Statista News Team Monday, September 29, 2025 1:00 am http://africa.managersofwealth.com/article/41272/palmpay-named-one-of-the-worldamp039s-top-300-fintech-companies-of-2025-by-cnbc-ampamp-statista This marks the second consecutive year that PalmPay has earned a place among the world's most innovative and impactful financial technology firms. FinTech Standard Bank Hackathon Showcases Generative AI Solutions Across Africa News Aggregation Team Monday, September 29, 2025 1:00 am http://africa.managersofwealth.com/article/41274/standard-bank-hackathon-showcases-generative-ai-solutions-across-africa Over three days, teams worked on projects focused on client experience, operational efficiency, risk management and financial inclusion. FinTech South Africans saying goodbye to cash News Aggregation Team Monday, September 29, 2025 1:00 am http://africa.managersofwealth.com/article/41277/south-africans-saying-goodbye-to-cash At the same time, data from banks shows that people are increasingly favouring digital payments over cash. FinTech Paga Group Expands Into the U.S. Market With Digital Banking for Africa’s Diaspora News Team Wednesday, September 24, 2025 1:00 am http://africa.managersofwealth.com/article/41249/paga-group-expands-into-the-us-market-with-digital-banking-for-africaamprsquos-diaspora The rollout begins with Nigerians in the US, representing the first step in Paga’s wider international growth strategy. FinTech Sub-Saharan Africa Crypto Transactions Up 52% to $205B on Inflation, Inclusion Push News Aggregation Team Wednesday, September 17, 2025 1:00 am http://africa.managersofwealth.com/article/41212/sub-saharan-africa-crypto-transactions-up-52-to-205b-on-inflation-inclusion-push However, the total value of transactions recorded south of the Sahara only accounts for about 2% of global cryptocurrency transactions during the period. FinTech African trade bloc COMESA launches digital payments system News Aggregation Team Friday, October 10, 2025 1:00 am http://africa.managersofwealth.com/article/41347/african-trade-bloc-comesa-launches-digital-payments-system The new platform, known as the Digital Retail Payments Platform, is starting off with trials between Malawi and Zambia, COMESA said Retail Banking Wegagen Bank Reports Record Birr 13.5B Revenue, Launches Ethiopia’s First Private Investment Bank News Aggregation Team Thursday, October 09, 2025 1:00 am http://africa.managersofwealth.com/article/41338/wegagen-bank-reports-record-birr-135b-revenue-launches-ethiopiaamprsquos-first-private-investment-bank Pre-tax profits surged 73% to Birr 3.85 billion, as the bank marked a turning point not just in numbers but in strategic direction — embracing fintech, inclusive banking, and capital market leadership. Retail Banking Capitec is different News Aggregation Team Thursday, October 09, 2025 1:00 am http://africa.managersofwealth.com/article/41339/capitec-is-different This is an astounding achievement, especially when considering the difference in total income and assets under management between the two banks. Retail Banking FirstBank on track to meet recapitalisation threshold News Aggregation Team Thursday, October 09, 2025 1:00 am http://africa.managersofwealth.com/article/41340/firstbank-on-track-to-meet-recapitalisation-threshold There is also hope for FirstBanks branches that were shut down as a result of armed robbery or banditry. Retail Banking FirstBank to bridge financial gaps with digital solutions News Aggregation Team Thursday, October 09, 2025 1:00 am http://africa.managersofwealth.com/article/41342/firstbank-to-bridge-financial-gaps-with-digital-solutions He said that a prosperous nation is built on the backbone of its real sector, adding that access to finance remains fundamental to unlocking the sector’s full potential. Retail Banking Standard Bank Shari’ah Banking named Best Islamic Bank for SMEs in South Africa in 2025 News Aggregation Team Wednesday, October 08, 2025 1:00 am http://africa.managersofwealth.com/article/41330/standard-bank-shariamprsquoah-banking-named-best-islamic-bank-for-smes-in-south-africa-in-2025 These awards celebrate innovation, leadership, and excellence across a broad spectrum of categories, including Banking, Islamic Finance, Corporate Social Responsibility, Fund & Asset Management, and more. Retail Banking UBA Unveils Customer Service Week With Innovative Initiatives News Aggregation Team Monday, October 06, 2025 1:00 am http://africa.managersofwealth.com/article/41316/uba-unveils-customer-service-week-with-innovative-initiatives This year’s theme aligns with the bank’s vision to transcend challenges by delivering inventive solutions that positively impact individuals, businesses, and communities. Retail Banking Good news for Capitec customers getting Smart IDs and passports News Aggregation Team Friday, October 03, 2025 1:00 am http://africa.managersofwealth.com/article/41312/good-news-for-capitec-customers-getting-smart-ids-and-passports Lee told BusinessTech that the group will continue to expand its branch network, as a human element is essential to its brand. Retail Banking Top 100 African banks 2025: Highlights News Aggregation Team Friday, October 03, 2025 1:00 am http://africa.managersofwealth.com/article/41313/top-100-african-banks-2025-highlights South African, Moroccan and Kenyan lenders the big winners, as Nigerian and Egyptian banks suffer Retail Banking Commercial banks with the highest interest rates: Deposit interest rates News Aggregation Team Thursday, October 02, 2025 1:00 am http://africa.managersofwealth.com/article/41303/commercial-banks-with-the-highest-interest-rates-deposit-interest-rates The rates represent the earnings customers receive on their deposits, making them a key factor in choosing where to save or invest. Retail Banking Nedbank CIB crowned Best Investment Bank in SA – three years running News Aggregation Team Monday, September 22, 2025 1:00 am http://africa.managersofwealth.com/article/41237/nedbank-cib-crowned-best-investment-bank-in-sa-ampndash-three-years-running Award reinforces the institution’s role as a trusted partner. Investment Banking Goldman, Investec see room for three SA rate cuts in 2025 News Aggregation Team Thursday, July 24, 2025 1:00 am http://africa.managersofwealth.com/article/40905/goldman-investec-see-room-for-three-sa-rate-cuts-in-2025 Inflation has now been below the 4.5% midpoint of the South African Reserve Bank’s target range, where it prefers to anchor expectations, since August. Investment Banking Full List of 17 Licensed Investment Banks Operating in Kenya News Aggregation Team Monday, May 12, 2025 1:00 am http://africa.managersofwealth.com/article/40493/full-list-of-17-licensed-investment-banks-operating-in-kenya Investment banks mainly work with large corporations, institutional investors, and government agencies. Investment Banking SA banks holding their own against offshore lenders, says BDO News Aggregation Team Monday, April 14, 2025 1:00 am http://africa.managersofwealth.com/article/40369/sa-banks-holding-their-own-against-offshore-lenders-says-bdo Standard Bank’s Luvuyo Masinda expects R700bn in public-private investment over the next three years Investment Banking CardinalStone Partners Limited Completes Acquisition of Radix Pension Managers News Team Friday, February 14, 2025 12:00 am http://africa.managersofwealth.com/article/40036/cardinalstone-partners-limited-completes-acquisition-of-radix-pension-managers Following the acquisition, Radix Pension Managers Limited has been rebranded as CardinalStone Pensions Limited, marking a new era of growth and innovation in pension fund administration. Investment Banking 4 banks call it quits in South Africa in 2024 News Aggregation Team Monday, December 09, 2024 12:00 am http://africa.managersofwealth.com/article/39680/4-banks-call-it-quits-in-south-africa-in-2024 The French bank was permitted to conduct business as a bank in South Africa using a branch in 2012, allowing it to offer corporate and investment banking services. Investment Banking FBNQuest Asset Management Wins BAFI Award Excellence News Aggregation Team Wednesday, November 20, 2024 12:00 am http://africa.managersofwealth.com/article/39575/fbnquest-asset-management-wins-bafi-award-excellence The award ceremony, celebrated the outstanding achievements of financial institutions across Nigeria, highlighting those that have demonstrated innovation, excellence, and unwavering commitment to quality service. Investment Banking HSBC leads as MENA’s top earner in investment banking fees News Aggregation Team Tuesday, October 22, 2024 1:00 am http://africa.managersofwealth.com/article/39412/hsbc-leads-as-menaamprsquos-top-earner-in-investment-banking-fees HSBC was followed by Standard Chartered ($56.5 million) and First Abu Dhabi Bank ($56 million) in the league tables Investment Banking HSBC mulls South African exit as European banks pull back News Aggregation Team Wednesday, October 09, 2024 1:00 am http://africa.managersofwealth.com/article/39336/hsbc-mulls-south-african-exit-as-european-banks-pull-back The lender has roots in Asia and has pledged to simplify its global structure, amid a general European retreat from Africa's banking sector. Investment Banking JPMorgan Aims to Expand in Africa and Scandinavia News Aggregation Team Thursday, September 19, 2024 1:00 am http://africa.managersofwealth.com/article/39223/jpmorgan-aims-to-expand-in-africa-and-scandinavia And a report Wednesday from Reuters notes that CEO Jamie Dimon plans to travel to Kenya, Nigeria, South Africa and Ivory Coast next month to boost the bank’s expansion in Africa. Investment Banking Ecobank Ghana to offer flexible mortgage options at Ecobank JoyNews Habitat Fair News Aggregation Team Friday, October 10, 2025 1:00 am http://africa.managersofwealth.com/article/41349/ecobank-ghana-to-offer-flexible-mortgage-options-at-ecobank-joynews-habitat-fair The bank emphasized that it will provide tailored financial guidance and flexible mortgage arrangements for visitors Alternative Investments Four Decades of Partnership: “Germany Implemented Projects Worth €1.8 Billion in Mozambique” News Aggregation Team Friday, October 10, 2025 1:00 am http://africa.managersofwealth.com/article/41350/four-decades-of-partnership-ampldquogermany-implemented-projects-worth-ampeuro18-billion-in-mozambiqueamprdquo We consider Mozambique a reliable partner and have political, economic, and cultural relations, with many Mozambicans currently living and studying in Germany. Alternative Investments Dubai-based finance company heading to the JSE News Aggregation Team Wednesday, October 08, 2025 1:00 am http://africa.managersofwealth.com/article/41328/dubai-based-finance-company-heading-to-the-jse The Dubai-based company enables access to financial services for millions of underbanked individuals across 38 countries. Alternative Investments World Bank dismisses Nigeria’s single-digit inflation target News Aggregation Team Wednesday, October 08, 2025 1:00 am http://africa.managersofwealth.com/article/41334/world-bank-dismisses-nigeriaamprsquos-single-digit-inflation-target At the CBN Governor’s Annual Lecture Series at the Lagos Business School, held last week in Lagos, Cardoso said a single-digit inflation rate remains its medium-term target. Alternative Investments Storm brewing at the SABC, and South Africa’s richest city puts mafia groups in the crosshairs News Aggregation Team Tuesday, October 07, 2025 1:00 am http://africa.managersofwealth.com/article/41320/storm-brewing-at-the-sabc-and-south-africaamprsquos-richest-city-puts-mafia-groups-in-the-crosshairs The rand, which is sensitive to changes in global risk sentiment, traded at 17.2500 against the dollar, just slightly down from its Friday close of 17.2475. Alternative Investments South African firms post modest growth as sentiment falls to four-year low News Aggregation Team Tuesday, October 07, 2025 1:00 am http://africa.managersofwealth.com/article/41326/south-african-firms-post-modest-growth-as-sentiment-falls-to-four-year-low PMI expands to 50.2 as cost pressures cool Alternative Investments Zimbabwe seeks private investment to modernize power grid News Aggregation Team Tuesday, October 07, 2025 1:00 am http://africa.managersofwealth.com/article/41327/zimbabwe-seeks-private-investment-to-modernize-power-grid Off-grid and decentralized solutions are being promoted to increase rural electrification Alternative Investments Big changes for R60 billion investment company in South Africa News Aggregation Team Monday, October 06, 2025 1:00 am http://africa.managersofwealth.com/article/41319/big-changes-for-r60-billion-investment-company-in-south-africa MI Capital provides asset management, advisory and B-BBEE services to MII, partners and other investors. Alternative Investments Africa stocks rally into global top 20 on reforms, dollar dip News Aggregation Team Friday, October 03, 2025 1:00 am http://africa.managersofwealth.com/article/41305/africa-stocks-rally-into-global-top-20-on-reforms-dollar-dip Ghana was in first place among the world’s best-performing stock markets in dollar terms this year. Alternative Investments Kenya launches $1bln bond buyback to smooth out maturities News Aggregation Team Friday, October 03, 2025 1:00 am http://africa.managersofwealth.com/article/41309/kenya-launches-1bln-bond-buyback-to-smooth-out-maturities The East African nation has been working to cut its overall debt, which stands at close to 70% of its GDP, and make repayments more manageable Alternative Investments Embrace wealth management, expert urges Nigerians News Aggregation Team Thursday, October 09, 2025 1:00 am http://africa.managersofwealth.com/article/41337/embrace-wealth-management-expert-urges-nigerians The books include The Empathy Advantage, Small Habits, Big Wealth, The Smart Hustle, and The Quintessential Company Secretary, among others. Comment, Analysis & Research Gold hits record high above $3,900 per ounce News Aggregation Team Wednesday, October 08, 2025 1:00 am http://africa.managersofwealth.com/article/41331/gold-hits-record-high-above-3900-per-ounce The rally marks the seventh consecutive week of gains for the precious metal, pushing its price up more than 50 per cent since the beginning of the year. Comment, Analysis & Research Another Policy Rate Cut This Year Unlikely Despite 9.4% Inflation, Economist Warns News Aggregation Team Monday, October 06, 2025 1:00 am http://africa.managersofwealth.com/article/41314/another-policy-rate-cut-this-year-unlikely-despite-94-inflation-economist-warns The achievement has sparked fresh optimism within Ghana’s business community that the Monetary Policy Committee (MPC) might deliver another rate cut to further reduce borrowing costs. Comment, Analysis & Research Andre de Ruyter’s warning about South Africa News Aggregation Team Monday, October 06, 2025 1:00 am http://africa.managersofwealth.com/article/41318/andre-de-ruyteramprsquos-warning-about-south-africa He told Roodt that under the Democratic Party Presidents, Bill Clinton, Barack Obama, and Joe Biden, the United States showed great loyalty towards the ANC. Comment, Analysis & Research Ghana inflation eases to 9.4% lowest level since August 2021 News Aggregation Team Thursday, October 02, 2025 1:00 am http://africa.managersofwealth.com/article/41299/ghana-inflation-eases-to-94-lowest-level-since-august-2021 Government statistician Alhassan Iddrisu told a press conference that the decline was driven primarily by easing food prices compared to non-food prices. Comment, Analysis & Research South Africa bleeds 230,000 jobs News Aggregation Team Wednesday, October 01, 2025 1:00 am http://africa.managersofwealth.com/article/41291/south-africa-bleeds-230000-jobs Total employment decreased by 80,000 or 0.8% quarter-on-quarter, from 10,589,000 in March 2025 to 10,509,000 in June 2025. Comment, Analysis & Research Major international banks are exiting South Africa News Aggregation Team Wednesday, October 01, 2025 1:00 am http://africa.managersofwealth.com/article/41292/major-international-banks-are-exiting-south-africa This imbalance has contributed to a string of high-profile exits, most recently the winding down of HSBC’s operations. Comment, Analysis & Research Meet the female CEOs at the helm of Africa’s banking sector News Aggregation Team Tuesday, September 30, 2025 1:00 am http://africa.managersofwealth.com/article/41282/meet-the-female-ceos-at-the-helm-of-africaamprsquos-banking-sector Nigeria leads with nine, followed by Kenya, Rwanda Comment, Analysis & Research Empowering South African women through comprehensive insurance News Aggregation Team Tuesday, September 30, 2025 1:00 am http://africa.managersofwealth.com/article/41286/empowering-south-african-women-through-comprehensive-insurance As South Africa prepares to celebrate Women’s month this August, it’s a timely opportunity to reflect on the evolving role of women in society–particularly as financial leaders and caregivers Comment, Analysis & Research South Africa asks business to help rescue ailing Johannesburg News Aggregation Team Friday, September 26, 2025 1:00 am http://africa.managersofwealth.com/article/41269/south-africa-asks-business-to-help-rescue-ailing-johannesburg ‘There’s such a vast interest in the city as an economic hub — to see it decline is very, very problematic,’ Adrian Gore said. Comment, Analysis & Research 90% of tax revenue goes to state govts — FIRS chair, Adedeji News Aggregation Team Wednesday, October 08, 2025 1:00 am http://africa.managersofwealth.com/article/41335/90-of-tax-revenue-goes-to-state-govts-ampmdash-firs-chair-adedeji When we set out on this journey, our mind was set on reforming the fiscal landscape of Nigeria and consequently changing the revenue structure of the Federation. Tax New proposed laws that should make CEOs and boards of state-owned companies nervous News Aggregation Team Tuesday, October 07, 2025 1:00 am http://africa.managersofwealth.com/article/41322/new-proposed-laws-that-should-make-ceos-and-boards-of-state-owned-companies-nervous At the moment, South African law only allows delinquent-director cases to be brought against directors of registered companies, including state-owned companies (SOCs) like Eskom, Transnet, and South African Airways. Tax Tax hike could deter foreign investors – Economists News Aggregation Team Tuesday, October 07, 2025 1:00 am http://africa.managersofwealth.com/article/41323/tax-hike-could-deter-foreign-investors-ampndash-economists For companies, the Capital Gain Tax rate is increased from 10 per cent to 30 per cent, aligning it with the Companies Income Tax rate. Tax Sars offers limited-time lifeline for indebted taxpayers News Aggregation Team Tuesday, October 07, 2025 1:00 am http://africa.managersofwealth.com/article/41324/sars-offers-limited-time-lifeline-for-indebted-taxpayers Only undisputed tax debt will be eligible for compromise. Tax Taxing the super-rich tops inequality agenda for SA’s G20 presidency News Aggregation Team Tuesday, October 07, 2025 1:00 am http://africa.managersofwealth.com/article/41325/taxing-the-super-rich-tops-inequality-agenda-for-saamprsquos-g20-presidency As South Africa prepares to host the G20 Leaders’ Summit in Johannesburg this November, the challenge of narrowing inequality – both at home and across the continent – has never been more urgent. Tax Eskom reports R16 billion in profit News Aggregation Team Wednesday, October 01, 2025 1:00 am http://africa.managersofwealth.com/article/41290/eskom-reports-r16-billion-in-profit The group recorded a profit before tax of R23.9 billion (2024: loss of R25.5 billion), marking the first return to profitability since FY2017. Tax How remote workers, diasporans, others will be taxed – Oyedele News Aggregation Team Wednesday, October 01, 2025 1:00 am http://africa.managersofwealth.com/article/41295/how-remote-workers-diasporans-others-will-be-taxed-ampndash-oyedele The tax chief also stated that anyone rendering a service, including sex workers, will be taxed from January 2026 as long as an income is received, emphasising that the new tax laws don’t differentiate between what’s legitimate or not. Tax Nigeria: Reforms in personal, company income taxes to commence January 2026 — FG News Aggregation Team Thursday, September 25, 2025 1:00 am http://africa.managersofwealth.com/article/41260/nigeria-reforms-in-personal-company-income-taxes-to-commence-january-2026-ampmdash-fg The outstanding exposure was converted into a structured federal loan now being serviced with both principal and interest payments Tax The R100 billion South African industry that pays virtually no tax News Aggregation Team Thursday, September 25, 2025 1:00 am http://africa.managersofwealth.com/article/41261/the-r100-billion-south-african-industry-that-pays-virtually-no-tax The Outa CEO argued that there was no reason why the South African taxi industry, which deals mainly in cash, should not be taxed. Tax SARS issues new mandatory requirement for businesses in South Africa News Aggregation Team Tuesday, September 23, 2025 1:00 am http://africa.managersofwealth.com/article/41239/sars-issues-new-mandatory-requirement-for-businesses-in-south-africa This is according to tax experts at ENS, Africa’s largest law firm with over 600 practitioners and more than 200 years’ experience. Tax African Development Bank Group’s Office of Integrity and Anti-Corruption Partners with Special Investigations Unit to Combat Financial Crime News Aggregation Team Friday, October 10, 2025 1:00 am http://africa.managersofwealth.com/article/41345/african-development-bank-groupamprsquos-office-of-integrity-and-anti-corruption-partners-with-special-investigations-unit-to-combat-financial-crime Mrs. Santos Da-Costa spoke about the work that PIAC has been doing on project integrity reviews in collaboration with the AfDB project managers and the Project Implementation Units of ministries in Regional Member Countries. Regulation,Tax & Compliance FirstRand questions fairness of UK motor finance redress scheme News Aggregation Team Friday, October 10, 2025 1:00 am http://africa.managersofwealth.com/article/41346/firstrand-questions-fairness-of-uk-motor-finance-redress-scheme Some 14m vehicle finance contracts could qualify for compensation, averaging more than R16 000 per case. Regulation,Tax & Compliance Kenya cuts rates again despite mounting price pressures News Aggregation Team Friday, October 10, 2025 1:00 am http://africa.managersofwealth.com/article/41348/kenya-cuts-rates-again-despite-mounting-price-pressures Inflation climbs to 14-month high in September Regulation,Tax & Compliance South Africa at risk of another own goal News Aggregation Team Friday, October 10, 2025 1:00 am http://africa.managersofwealth.com/article/41351/south-africa-at-risk-of-another-own-goal In June this year, the FATF released a report saying South Africa had made ‘substantial progress’ or had ‘mostly completed’ its remedial work. Regulation,Tax & Compliance Moroccan Bank Capital Buffers Strengthen on Enhanced Regulation News Aggregation Team Thursday, October 09, 2025 1:00 am http://africa.managersofwealth.com/article/41341/moroccan-bank-capital-buffers-strengthen-on-enhanced-regulation Core capitalisation metrics have improved steadily since 2021, supported by more stringent regulation and stronger profitability. Regulation,Tax & Compliance Sub-Saharan Africa Maintains Resilient Growth but Faces Urgent Jobs Challenge News Team Thursday, October 09, 2025 1:00 am http://africa.managersofwealth.com/article/41343/sub-saharan-africa-maintains-resilient-growth-but-faces-urgent-jobs-challenge The report outlines a set of policy priorities to help countries stimulate large-scale job creation. Regulation,Tax & Compliance Banks are closing the taps on South Africans News Aggregation Team Wednesday, October 08, 2025 1:00 am http://africa.managersofwealth.com/article/41329/banks-are-closing-the-taps-on-south-africans Manufacturing, mining, and trade performed better, while inflation dropped to an average of 3.6%. In June, headline inflation reached 3.0%, which is the bottom of the Reserve Bank’s target range. Regulation,Tax & Compliance Eskom workers demand 15% pay hike News Aggregation Team Wednesday, October 08, 2025 1:00 am http://africa.managersofwealth.com/article/41332/eskom-workers-demand-15-pay-hike Eskom declined to comment on specific pay demands until negotiations officially start, spokeswoman Daphne Mokwena said in a response to questions. Regulation,Tax & Compliance The rand’s winning streak at risk News Aggregation Team Tuesday, October 07, 2025 1:00 am http://africa.managersofwealth.com/article/41321/the-randamprsquos-winning-streak-at-risk The rand has improved from R18.82 to the dollar since the start of the year to its current level of R17.24. Regulation,Tax & Compliance FCMB to strengthen subsidiaries with N160b public offer News Aggregation Team Monday, October 06, 2025 1:00 am http://africa.managersofwealth.com/article/41315/fcmb-to-strengthen-subsidiaries-with-n160b-public-offer Proceeds will be used to recapitalise FCMB Limited and help the lender retain its international licence. Regulation,Tax & Compliance LAWMA targets 30% recycling rate by 2030 News Aggregation Team Monday, September 15, 2025 1:00 am http://africa.managersofwealth.com/article/41195/lawma-targets-30-recycling-rate-by-2030 “Our current recycling rate is between eight and 10 per cent, and we are pushing to achieve 25 to 30 per cent over the next five years,” he stated. ESG Calls made for stronger climate action to safeguard WASH infrastructure News Aggregation Team Friday, August 29, 2025 1:00 am http://africa.managersofwealth.com/article/41108/calls-made-for-stronger-climate-action-to-safeguard-wash-infrastructure The Minister was speaking at a WASH4Climate Summit, on the theme, “Strengthening WASH Resilience through Climate Vulnerability and Risk Assessment and Local Adaptation Planning,” in Accra. ESG Africa’s renewable future needs investment, not aid, UN tells global leaders News Aggregation Team Thursday, August 21, 2025 1:00 am http://africa.managersofwealth.com/article/41067/africaamprsquos-renewable-future-needs-investment-not-aid-un-tells-global-leaders Green power in Africa lowers energy costs, diversifies supply chains and accelerates decarbonisation for everyone. ESG BusinessAgain, FirstBank wins Nigeria’s Best Bank for ESG at 2025 Euromoney Awards News Aggregation Team Monday, August 04, 2025 1:00 am http://africa.managersofwealth.com/article/40959/businessagain-firstbank-wins-nigeriaamprsquos-best-bank-for-esg-at-2025-euromoney-awards FirstBank’s recognition this year follows significant progress in embedding ESG principles ESG FG attracts $791.49m CNG investments in two months – Report News Aggregation Team Thursday, July 31, 2025 1:00 am http://africa.managersofwealth.com/article/40946/fg-attracts-79149m-cng-investments-in-two-months-ampndash-report The document revealed that over 1,440 vehicles have so far been converted across 20 states ESG Towards an African ESG framework for critical minerals: Morocco paves the way for a sovereign green transition News Aggregation Team Friday, July 25, 2025 1:00 am http://africa.managersofwealth.com/article/40915/towards-an-african-esg-framework-for-critical-minerals-morocco-paves-the-way-for-a-sovereign-green-transition Under the new offering, Standard Chartered, as an independent escrow agent or account bank, will hold deposits and ensure that the funds are aligned with the bank’s portfolio of green and sustainable loans and projects ESG Ecobank commits to environmental sustainability News Aggregation Team Wednesday, July 09, 2025 1:00 am http://africa.managersofwealth.com/article/40819/ecobank-commits-to-environmental-sustainability Sustainability is at the core of Ecobank’s vision of building a world-class pan-African bank that contributes to the economic development and financial integration of Africa. ESG Climate change has doubled the world’s heatwaves News Aggregation Team Friday, July 04, 2025 1:00 am http://africa.managersofwealth.com/article/40791/climate-change-has-doubled-the-worldamprsquos-heatwaves The research also identified 67 extreme heat events that were influenced by climate change. ESG South Africa: Standard Bank finances AIIM-backed NOA’s clean power projects News Aggregation Team Wednesday, July 02, 2025 1:00 am http://africa.managersofwealth.com/article/40775/south-africa-standard-bank-finances-aiim-backed-noaamprsquos-clean-power-projects Through strategic project financing and structured financing solutions, the bank is enabling NOA to rapidly scale its renewable energy portfolio. ESG Absa’s Mauritius unit to nearly quadruple green loans by 2030 News Aggregation Team Monday, June 30, 2025 1:00 am http://africa.managersofwealth.com/article/40760/absaamprsquos-mauritius-unit-to-nearly-quadruple-green-loans-by-2030 Mauritius has set an ambitious target to cut greenhouse gas emissions by 40% by 2030 to curb the effects of global warming. ESG