Managers of Wealth - Africa http://africa.managersofwealth.com/ Fri, 06 Dec 2024 06:52:28 GMT part of MediaG8way Group http://africa.managersofwealth.com/ http://africa.managersofwealth.com/assets/images/logo.png Managers of Wealth - Africa KohanaPHP Everest Wealth, Part 2: How risky are its investment offerings? News Aggregation Team Thursday, December 05, 2024 12:00 am http://africa.managersofwealth.com/article/39664/everest-wealth-part-2-how-risky-are-its-investment-offerings Cash flow concentration and reliance on small businesses may make Laudian’s portfolio riskier than Everest Wealth suggests. Wealth and Asset Management How many millionaires live in South Africa – with 82,000 more expected News Aggregation Team Thursday, November 28, 2024 12:00 am http://africa.managersofwealth.com/article/39624/how-many-millionaires-live-in-south-africa-ampndash-with-82000-more-expected Faced with these challenges, many affluent South Africans have opted to leave the country in search of greater stability and security abroad. Wealth and Asset Management The man who’s a hair away from becoming South Africa’s next dollar billionaire News Aggregation Team Wednesday, November 27, 2024 12:00 am http://africa.managersofwealth.com/article/39617/the-man-whoamprsquos-a-hair-away-from-becoming-south-africaamprsquos-next-dollar-billionaire Calisto controls 20,028,811 of the company’s shares, giving him a direct 64.81% stake in the company valued at about R15 billion. Wealth and Asset Management Business Talk – Glacier CEO Khanyi Nzukuma on how to improve your offshore investment portfolios News Aggregation Team Tuesday, November 26, 2024 12:00 am http://africa.managersofwealth.com/article/39608/business-talk-ampndash-glacier-ceo-khanyi-nzukuma-on-how-to-improve-your-offshore-investment-portfolios Nzukuma also explains the approach Glacier’s advisors take to increasing their clients’ portfolio values and driving superior outcomes. Wealth and Asset Management Lombard Odier wins two awards at the WealthBriefing MENA Awards 2024 News Team Monday, November 25, 2024 12:00 am http://africa.managersofwealth.com/article/39597/lombard-odier-wins-two-awards-at-the-wealthbriefing-mena-awards-2024 This award recognises Lombard Odier as the leading international private bank with headquarters outside the MENA region. Wealth and Asset Management Nedbank Private Wealth named Best Private Bank in Africa News Aggregation Team Wednesday, November 13, 2024 12:00 am http://africa.managersofwealth.com/article/39535/nedbank-private-wealth-named-best-private-bank-in-africa Our role is not just to manage wealth, but to be a trusted partner in helping clients grow, protect and pass on their wealth to future generations Wealth and Asset Management Major shift for South Africa’s most exclusive bank News Aggregation Team Friday, November 08, 2024 12:00 am http://africa.managersofwealth.com/article/39517/major-shift-for-south-africaamprsquos-most-exclusive-bank The firm’s new offering will include person-to-business and business-to-person payment services. Wealth and Asset Management Banking and advice integration attracts high-income clients for Standard Bank Private News Aggregation Team Wednesday, November 06, 2024 12:00 am http://africa.managersofwealth.com/article/39497/banking-and-advice-integration-attracts-high-income-clients-for-standard-bank-private Standard Bank’s consumer research show that over and above personalized banking service, private banking clients are turning to their bankers for advice Wealth and Asset Management Even wealthy South Africans are living paycheque to paycheque News Aggregation Team Wednesday, October 23, 2024 1:00 am http://africa.managersofwealth.com/article/39415/even-wealthy-south-africans-are-living-paycheque-to-paycheque This means that nearly half of their clients who earn a salary are left either in overdraft or with less than R1,000 in their account by the time payday arrives. Wealth and Asset Management How rich South Africans are protecting their money News Aggregation Team Monday, October 21, 2024 1:00 am http://africa.managersofwealth.com/article/39404/how-rich-south-africans-are-protecting-their-money This global mobility allows them to protect their assets in stronger currencies and ensure access to international markets. Wealth and Asset Management MCB appoints Chief Representative Officer in Nigeria News Aggregation Team Monday, December 02, 2024 12:00 am http://africa.managersofwealth.com/article/39644/mcb-appoints-chief-representative-officer-in-nigeria Before joining MCB in 2021, Azeez led Africa coverage for a Middle Eastern bank Executive Moves HSBC Senior Management Changes News Team Tuesday, November 26, 2024 12:00 am http://africa.managersofwealth.com/article/39605/hsbc-senior-management-changes HSBC has begun a process to appoint the permanent successor for this role Executive Moves Neuberger Berman adds to Middle East and North Africa capabilities with Khalid Albdah joining News Team Thursday, November 14, 2024 12:00 am http://africa.managersofwealth.com/article/39550/neuberger-berman-adds-to-middle-east-and-north-africa-capabilities-with-khalid-albdah-joining Khalid will lead the firm’s strategic development across client coverage, operations, and investments in the region Executive Moves Standard Chartered appoints Cynthia Lumor as independent non-executive director News Aggregation Team Monday, November 11, 2024 12:00 am http://africa.managersofwealth.com/article/39524/standard-chartered-appoints-cynthia-lumor-as-independent-non-executive-director She is currently the Deputy Managing Director of Tullow Ghana Limited Executive Moves Nigeria: Governer appoints new DG for infrastructure development, maintenance agency News Aggregation Team Monday, November 11, 2024 12:00 am http://africa.managersofwealth.com/article/39525/nigeria-governer-appoints-new-dg-for-infrastructure-development-maintenance-agency Bala Mohammed expressed confidence in Engr. Mai’auduga’s ability to leverage the qualities of sincerity, hard work, dedication, and his extensive experience Executive Moves Heritage Insurance Kenya Appoints New Managing Director News Aggregation Team Monday, November 11, 2024 12:00 am http://africa.managersofwealth.com/article/39526/heritage-insurance-kenya-appoints-new-managing-director She steps into the position with a wealth of industry knowledge and leadership expertise that is expected to position Heritage Insurance for continued growth and innovation. Executive Moves Sanlam Investments Multi-Manager appoints new head of hedge funds News Aggregation Team Tuesday, October 29, 2024 12:00 am http://africa.managersofwealth.com/article/39446/sanlam-investments-multi-manager-appoints-new-head-of-hedge-funds Lethu Zulu takes responsibility for six hedge funds with assets under management of R7bn. Executive Moves Prominent Fintech Firm Welcomes New Chief Executive Officer News Aggregation Team Monday, October 28, 2024 12:00 am http://africa.managersofwealth.com/article/39437/prominent-fintech-firm-welcomes-new-chief-executive-officer Owning a portfolio that includes some of the top financial firms in the nation. Executive Moves South Africa appoints Olver deputy chair of climate commission News Aggregation Team Monday, October 28, 2024 12:00 am http://africa.managersofwealth.com/article/39443/south-africa-appoints-olver-deputy-chair-of-climate-commission Olver has been the body’s executive director since is inception almost four years ago and will replace Valli Moosa, who retired earlier this year. Executive Moves Afstor Oy Strengthens Leadership for Renewable Solutions News Aggregation Team Friday, October 25, 2024 1:00 am http://africa.managersofwealth.com/article/39434/afstor-oy-strengthens-leadership-for-renewable-solutions This leadership shift is critical for the corporation as it prepares to handle severe environmental and socioeconomic concerns in key markets. Executive Moves Norton Rose Fulbright South Africa lawyers named in IFLR1000 2024 Sub-Saharan Africa rankings News Team Friday, November 29, 2024 12:00 am http://africa.managersofwealth.com/article/39629/norton-rose-fulbright-south-africa-lawyers-named-in-iflr1000-2024-sub-saharan-africa-rankings This acknowledgment highlights the firm’s commitment to excellence and underscores the esteemed reputation of its professionals within the legal community. Legal Access Bank debunks allegation of missing N500 million customer’s funds News Aggregation Team Wednesday, November 27, 2024 12:00 am http://africa.managersofwealth.com/article/39613/access-bank-debunks-allegation-of-missing-n500-million-customeramprsquos-funds According to him, the deceased on his deathbed had informed his family about various accounts bank accounts where he had money and the amount, including an Access account with N500 million. Legal Dentons South Africa recognized by Best Lawyers 2025 News Team Friday, November 15, 2024 12:00 am http://africa.managersofwealth.com/article/39552/dentons-south-africa-recognized-by-best-lawyers-2025 Best Lawyers in South Africa 2025 Legal New Anti-Corruption Commission provided for in South African Bill News Team Wednesday, November 13, 2024 12:00 am http://africa.managersofwealth.com/article/39537/new-anti-corruption-commission-provided-for-in-south-african-bill In recent years, South Africa has been gripped by corruption scandals. Legal Warning over deadly new fraud trend emerging in South Africa News Aggregation Team Monday, November 11, 2024 12:00 am http://africa.managersofwealth.com/article/39522/warning-over-deadly-new-fraud-trend-emerging-in-south-africa Out of the 4,130 insurance fraud cases reported for 2023, 14 cases related to the involvement of a beneficiary in the insured’s death. Legal Firm Petitions Cardoso, Threatens to Sue Ecobank Over Alleged Intellectual Property Theft, Unethical Practice News Aggregation Team Wednesday, November 06, 2024 12:00 am http://africa.managersofwealth.com/article/39501/firm-petitions-cardoso-threatens-to-sue-ecobank-over-alleged-intellectual-property-theft-unethical-practice The agreement was reached after the bank’s acceptance of the proposal from the Essential Media Group. Legal WesBank customer’s 20-year quest for justice is now before the ConCourt News Aggregation Team Monday, October 28, 2024 12:00 am http://africa.managersofwealth.com/article/39441/wesbank-customeramprsquos-20-year-quest-for-justice-is-now-before-the-concourt Mzukisi Ndara bought a used car but was charged for a new one, as well as extras he did not want. Legal Dentons expands in Africa with offerings in Cameroon, Democratic Republic of Congo (DRC), Ethiopia and Senegal News Team Friday, October 18, 2024 1:00 am http://africa.managersofwealth.com/article/39388/dentons-expands-in-africa-with-offerings-in-cameroon-democratic-republic-of-congo-drc-ethiopia-and-senegal We are delighted to be adding expertise in Cameroon, DRC, Ethiopia and Senegal. Legal Tactical reviews of arbitral awards could undermine South Africa as a seat of arbitration News Team Tuesday, September 24, 2024 1:00 am http://africa.managersofwealth.com/article/39246/tactical-reviews-of-arbitral-awards-could-undermine-south-africa-as-a-seat-of-arbitration A potential option for the courts is to order harsher costs orders against parties who pursue frivolous review applications for tactical purposes Legal Litigation claims against six banks near N2tn News Aggregation Team Tuesday, September 24, 2024 1:00 am http://africa.managersofwealth.com/article/39252/litigation-claims-against-six-banks-near-n2tn The bank, however, stated in its financial report that while it is contesting the cases, the likelihood of material losses from these claims is minimal. Legal Do a code audit on your business software News Aggregation Team Wednesday, December 04, 2024 12:00 am http://africa.managersofwealth.com/article/39653/do-a-code-audit-on-your-business-software It has conducted code audits on numerous large software projects for South African companies with excellent results. FinTech Fiducia Expands Partnership with Mynd to Advance Supply Chain Financing News Aggregation Team Tuesday, December 03, 2024 12:00 am http://africa.managersofwealth.com/article/39645/fiducia-expands-partnership-with-mynd-to-advance-supply-chain-financing Working together with Mynd Fintech, Fiducia will launch its supply chain finance solutions in new markets across Africa and the Caribbean in 2025. FinTech ‘Internet For All’: Government Launches $1.7B Project to Expand Access in Mozambique News Aggregation Team Monday, December 02, 2024 12:00 am http://africa.managersofwealth.com/article/39638/amplsquointernet-for-allamprsquo-government-launches-17b-project-to-expand-access-in-mozambique The survey on ‘Mobile Phone Users’, produced in coordination with the National Statistics Institute (INE), also revealed that the cost of living and purchasing power of Mozambicans is very low compared to other SADC FinTech Warning over cybercrime surge in South Africa this holiday season News Aggregation Team Monday, December 02, 2024 12:00 am http://africa.managersofwealth.com/article/39639/warning-over-cybercrime-surge-in-south-africa-this-holiday-season South Africa ranks 14th globally in the average cost of a data breach, reaching $2.78 million (~R50 million) in 2024, according to Allianz. FinTech Hackers steal $17 million from Central Bank of Uganda News Aggregation Team Friday, November 29, 2024 12:00 am http://africa.managersofwealth.com/article/39630/hackers-steal-17-million-from-central-bank-of-uganda Hackers have breached the Central Bank of Uganda's firewalls and stolen $17 million from Treasury accounts. FinTech How South African SMEs can unlock innovation and cut costs by 25% with cloud computing News Aggregation Team Friday, November 29, 2024 12:00 am http://africa.managersofwealth.com/article/39636/how-south-african-smes-can-unlock-innovation-and-cut-costs-by-25-with-cloud-computing Cloud computing offers South African SMEs a pathway to optimise their operations and drive innovation. FinTech Kissing cash goodbye in South Africa – there’s a big problem News Aggregation Team Tuesday, November 26, 2024 12:00 am http://africa.managersofwealth.com/article/39610/kissing-cash-goodbye-in-south-africa-ampndash-thereamprsquos-a-big-problem However, the country still has a very long way to go in reducing its dependency on cash. FinTech More and more people are using their crypto for purchases News Aggregation Team Friday, November 22, 2024 12:00 am http://africa.managersofwealth.com/article/39594/more-and-more-people-are-using-their-crypto-for-purchases ‘I’m seeing a lot of spending going towards premium and collectable apparel, sneaker stores, those types of things’: Binance general manager Hannes Wessels. FinTech Insurance companies urged to take advantage of AI News Aggregation Team Friday, November 22, 2024 12:00 am http://africa.managersofwealth.com/article/39596/insurance-companies-urged-to-take-advantage-of-ai Mr Akligoh therefore called for efforts to enhance the role of insurance in local and national economies in the coming decade. FinTech South Africa takes first steps towards AI regulation News Team Friday, November 15, 2024 12:00 am http://africa.managersofwealth.com/article/39553/south-africa-takes-first-steps-towards-ai-regulation The framework states that an AI policy would “serve as the foundational basis for creating AI regulations and potentially an AI Act in South Africa”. FinTech Banks raise withdrawal limit to N50,000 News Aggregation Team Wednesday, December 04, 2024 12:00 am http://africa.managersofwealth.com/article/39655/banks-raise-withdrawal-limit-to-n50000 At the GTBank branch located along the airport road, customers were allowed to withdraw N50,000 over the counter but a limit of N20,000 at its Automated Teller Machines. Retail Banking Wema Bank awards N145m to outstanding innovators News Aggregation Team Tuesday, December 03, 2024 12:00 am http://africa.managersofwealth.com/article/39650/wema-bank-awards-n145m-to-outstanding-innovators It said the first runner-up, Empayment AI, received N35m for its AI-powered invoice discounting platform, revolutionising how businesses manage payments. Retail Banking Nigerian Banks’ Borrowing from CBN Drops by 44.9% in November Amid Liquidity Crunch News Aggregation Team Monday, December 02, 2024 12:00 am http://africa.managersofwealth.com/article/39640/nigerian-banksamprsquo-borrowing-from-cbn-drops-by-449-in-november-amid-liquidity-crunch So far in 2024, the MPC members have voted to increase the interest rate from 18.75 per cent to 27.50 per cent amid its mandate Retail Banking Standard Bank sees earnings jump News Aggregation Team Monday, December 02, 2024 12:00 am http://africa.managersofwealth.com/article/39642/standard-bank-sees-earnings-jump Banking headline earnings also grew by low-to-mid single digits in ZAR and by mid-teens on a constant currency basis period on period. Retail Banking Tranglo expands remittance services to 7 African countries News Aggregation Team Friday, November 29, 2024 12:00 am http://africa.managersofwealth.com/article/39631/tranglo-expands-remittance-services-to-7-african-countries Tranglo tackles this with its efficient and cost-efficient solutions, making cross-border payments simpler and more affordable. Retail Banking New payment system coming to FNB, Standard Bank, Nedbank and more next week News Aggregation Team Wednesday, November 27, 2024 12:00 am http://africa.managersofwealth.com/article/39614/new-payment-system-coming-to-fnb-standard-bank-nedbank-and-more-next-week For instance, Standard Bank South Africa is rolling out PayShap Request for Corporates. Retail Banking Africanbank sees ‘green shoots’ for South Africa News Aggregation Team Wednesday, November 27, 2024 12:00 am http://africa.managersofwealth.com/article/39618/africanbank-sees-amplsquogreen-shootsamprsquo-for-south-africa The group’s interest income declined by 4% to R7.0 billion Retail Banking Old Mutual Private Equity sells SA retailer with R3bn turnover to UK-based Frasers News Aggregation Team Wednesday, November 27, 2024 12:00 am http://africa.managersofwealth.com/article/39620/old-mutual-private-equity-sells-sa-retailer-with-r3bn-turnover-to-uk-based-frasers The 88-store Holdsport Group operates across the sporting and outdoor retail, wholesale, manufacturing, distribution, and e-commerce markets. Retail Banking Mastercard and New Africa Technology launch FinTech card in Senegal, Côte d’Ivoire & Benin News Aggregation Team Tuesday, November 26, 2024 12:00 am http://africa.managersofwealth.com/article/39607/mastercard-and-new-africa-technology-launch-fintech-card-in-senegal-campocircte-damprsquoivoire-ampamp-benin "This collaboration represents a major step forward in making financial services more accessible across the region,” said Birane N’dour, CEO of New Africa Technology. Retail Banking Customers’ deposits in failed Heritage Bank safe – NDIC News Aggregation Team Monday, November 25, 2024 12:00 am http://africa.managersofwealth.com/article/39601/customersamprsquo-deposits-in-failed-heritage-bank-safe-ampndash-ndic The NDIC boss also reassured the creditors of the defunct bank, who he said will receive payments after all depositors have been fully reimbursed. Retail 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 African Development Bank At 60: “Today, as in the past, you are part of Africa’s transformation” - Akinwumi Adesina heralds commitment shown by Bank staff in building its thrilling history News Team Tuesday, September 10, 2024 1:00 am http://africa.managersofwealth.com/article/39170/african-development-bank-at-60-ampldquotoday-as-in-the-past-you-are-part-of-africaamprsquos-transformationamprdquo-akinwumi-adesina-heralds-commitment-shown-by-bank-staff-in-building-its-thrilling-history The Bank’s entire ecosystem plays a part in each project. Investment Banking Banks get R80m in fees as Pick n Pay raises R4bn News Aggregation Team Tuesday, August 06, 2024 1:00 am http://africa.managersofwealth.com/article/38973/banks-get-r80m-in-fees-as-pick-n-pay-raises-r4bn Ackerman Investment Holdings subscribes for 64m ‘rights offer shares’ at a total value of more than R1bn. Investment Banking ECOWAS Bank commits to inject $200m into Ghanaian economy News Aggregation Team Wednesday, May 15, 2024 1:00 am http://africa.managersofwealth.com/article/38506/ecowas-bank-commits-to-inject-200m-into-ghanaian-economy It noted that the agreement epitomises EBID’s unwavering dedication to fostering economic growth Investment Banking President William Ruto Advocates for $25 Billion Replenishment of African Development Fund, Highlights Impact on Kenya’s Development News Team Wednesday, May 15, 2024 1:00 am http://africa.managersofwealth.com/article/38507/president-william-ruto-advocates-for-25-billion-replenishment-of-african-development-fund-highlights-impact-on-kenyaamprsquos-development African Development Bank’s Adesina reiterates commitment to invest more in Kenya. Investment Banking Société Générale Leaves Ghana News Aggregation Team Tuesday, May 07, 2024 1:00 am http://africa.managersofwealth.com/article/38457/sociampeacutetampeacute-gampeacutenampeacuterale-leaves-ghana The action comes just a week after Société Générale signed deals with Saham Group to sell its Moroccan assets. Investment Banking “World Bank is Creditor of 29% of Mozambique’s External Debt” – Report News Aggregation Team Wednesday, April 24, 2024 1:00 am http://africa.managersofwealth.com/article/38406/ampldquoworld-bank-is-creditor-of-29-of-mozambiqueamprsquos-external-debtamprdquo-ampndash-report It appears to be maintaining a stabilisation trend, not least because the stock has not returned to the comparatively high levels of 2021 Investment Banking Africa Finance Corporation Leads up to €2 Billion Syndicated Facility in Largest-Ever Global... News Aggregation Team Thursday, December 05, 2024 12:00 am http://africa.managersofwealth.com/article/39660/africa-finance-corporation-leads-up-to-ampeuro2-billion-syndicated-facility-in-largest-ever-global The transaction is a record global loan syndication for BOI, and marks the largest capital raise in its history, setting a new standard for developmental finance across Africa. Alternative Investments ADB committed to enhancing customer value, service experience – MD News Aggregation Team Thursday, December 05, 2024 12:00 am http://africa.managersofwealth.com/article/39662/adb-committed-to-enhancing-customer-value-service-experience-ampndash-md He reiterated ADB’s role as more than just a financial institu­tion, highlighting its position as a true partner in the progress and aspirations of its customers. Alternative Investments EBRD and African Development Bank Group to strengthen collaboration in support of SMEs in Africa News Team Thursday, December 05, 2024 12:00 am http://africa.managersofwealth.com/article/39665/ebrd-and-african-development-bank-group-to-strengthen-collaboration-in-support-of-smes-in-africa This integrated approach seeks to accelerate the growth of these SMEs to broaden their positive impact on local and regional economies. Alternative Investments Ninety One announces $260m first close of Africa credit fund News Aggregation Team Friday, November 29, 2024 12:00 am http://africa.managersofwealth.com/article/39632/ninety-one-announces-260m-first-close-of-africa-credit-fund Ninety One’s ACO strategy “has demonstrated the ability to generate stable real returns Alternative Investments Why outsourcing your financial statements preparation is becoming a must rather than an option News Team Thursday, November 28, 2024 12:00 am http://africa.managersofwealth.com/article/39623/why-outsourcing-your-financial-statements-preparation-is-becoming-a-must-rather-than-an-option As it has been the case across the alternative funds industry for several years, it’s most common to outsource the preparation of the annual financial statements. Alternative Investments The shock and surprise for investors in 2024 News Aggregation Team Thursday, November 28, 2024 12:00 am http://africa.managersofwealth.com/article/39626/the-shock-and-surprise-for-investors-in-2024 Since many elections take place at the tail-end of the year, the shortened window for confident trading and investment usually results in subdued overall activity. Alternative Investments PIDA initiatives have created 160,000 jobs in Africa News Aggregation Team Thursday, November 28, 2024 12:00 am http://africa.managersofwealth.com/article/39628/pida-initiatives-have-created-160000-jobs-in-africa During project construction and operation, PIDA initiatives have created over 160,000 direct and indirect jobs, underscoring their impact on employment and livelihoods. Alternative Investments Africa is back on the map for equity investors News Aggregation Team Wednesday, November 27, 2024 12:00 am http://africa.managersofwealth.com/article/39615/africa-is-back-on-the-map-for-equity-investors The currency moves in the largest four markets reflect challenging positive dollar returns. Alternative Investments A stronger GDP growth in Q3 News Team Tuesday, November 26, 2024 12:00 am http://africa.managersofwealth.com/article/39606/a-stronger-gdp-growth-in-q3 The non-oil sector, which accounted for about c.94% of overall GDP, was the key driver of GDP growth. Alternative Investments Two pots on the JSE just got bigger News Aggregation Team Tuesday, November 26, 2024 12:00 am http://africa.managersofwealth.com/article/39611/two-pots-on-the-jse-just-got-bigger It is notable that two thirds say they have made withdrawals for home/car expenses, short-term debt and education. Alternative Investments First time in over 10 years that South Africa is looking good News Aggregation Team Thursday, December 05, 2024 12:00 am http://africa.managersofwealth.com/article/39666/first-time-in-over-10-years-that-south-africa-is-looking-good She added that several improvements have boosted sentiment in the country, such as the formation of the Government of National Unity (GNU) and the end of load shedding. Comment, Analysis & Research Nedbank seeks to calm nerves of unprepared heirs News Aggregation Team Wednesday, December 04, 2024 12:00 am http://africa.managersofwealth.com/article/39652/nedbank-seeks-to-calm-nerves-of-unprepared-heirs People don’t tend to realise philanthropy can benefit them Comment, Analysis & Research 25 most influential CEOs in South Africa News Aggregation Team Tuesday, December 03, 2024 12:00 am http://africa.managersofwealth.com/article/39646/25-most-influential-ceos-in-south-africa Yet, these trailblazers manage to drive innovation, financial success, and societal impact. Comment, Analysis & Research Acquisition of right tools key to financial inclusion, business growth, says Oradian CEO News Aggregation Team Monday, December 02, 2024 12:00 am http://africa.managersofwealth.com/article/39641/acquisition-of-right-tools-key-to-financial-inclusion-business-growth-says-oradian-ceo Financial inclusion is a state where individuals and businesses have access to financial products and services like savings, loans, easy payment systems and insurance. Comment, Analysis & Research PIDA Week 2024: Africa’s scourge of illicit financial flows and infrastructure gaps News Aggregation Team Monday, November 25, 2024 12:00 am http://africa.managersofwealth.com/article/39599/pida-week-2024-africaamprsquos-scourge-of-illicit-financial-flows-and-infrastructure-gaps South Africa is the largest loser. Comment, Analysis & Research Business Talk – Standard Bank’s Thandiwe Legwaila reveals how AI is reshaping digital banking News Aggregation Team Monday, November 25, 2024 12:00 am http://africa.managersofwealth.com/article/39604/business-talk-ampndash-standard-bankamprsquos-thandiwe-legwaila-reveals-how-ai-is-reshaping-digital-banking Legwaila is the Head of Transaction Banking for Standard Bank CIB and has worked at the company for close to 20 years. Comment, Analysis & Research Border system impedes Africa’s digital growth – Interswitch News Aggregation Team Friday, November 22, 2024 12:00 am http://africa.managersofwealth.com/article/39595/border-system-impedes-africaamprsquos-digital-growth-ampndash-interswitch He stressed further that the issue of fraud has also been a major challenge in the technology ecosystem across the globe. Comment, Analysis & Research A better sales auction in November News Team Thursday, November 21, 2024 12:00 am http://africa.managersofwealth.com/article/39584/a-better-sales-auction-in-november The amount on offer was lower than the NGN180bn offered in the previous auction. Comment, Analysis & Research Inflation at four-year low before rate decision News Aggregation Team Thursday, November 21, 2024 12:00 am http://africa.managersofwealth.com/article/39585/inflation-at-four-year-low-before-rate-decision That was slower than the 3% median estimate of 15 economists in a Bloomberg survey. Comment, Analysis & Research Savings under pressure in South Africa News Aggregation Team Tuesday, November 19, 2024 12:00 am http://africa.managersofwealth.com/article/39573/savings-under-pressure-in-south-africa The Supreme Court of Appeal (SCA) agreed with the taxman and ruled that the asset manager should pay nearly R800 million in taxes owed. Comment, Analysis & Research Tax reform: Tinubu orders review as protest persists in NASS News Aggregation Team Wednesday, December 04, 2024 12:00 am http://africa.managersofwealth.com/article/39654/tax-reform-tinubu-orders-review-as-protest-persists-in-nass The President, who is in South Africa, handed down the review order on Tuesday as some northern youths stormed the National Assembly in support of the bills. Tax Nigeria: CUPP, CNG differ over potential danger of planned tax reforms News Aggregation Team Wednesday, December 04, 2024 12:00 am http://africa.managersofwealth.com/article/39659/nigeria-cupp-cng-differ-over-potential-danger-of-planned-tax-reforms The priority for the country now is not tax reform, but economic reform that will impact on the lives of the citizens Tax How tax reform bills can end elite financial recklessness – Bishop Kukah News Aggregation Team Tuesday, December 03, 2024 12:00 am http://africa.managersofwealth.com/article/39651/how-tax-reform-bills-can-end-elite-financial-recklessness-ampndash-bishop-kukah Speaking on Channels TV’s Morning Brief on Tuesday, Rev. Kukah highlighted Nigeria’s untapped potential and the need for better structures to harness its citizens’ energy and talents. Tax Tax panel to defend bill at Senate debate today News Aggregation Team Thursday, November 28, 2024 12:00 am http://africa.managersofwealth.com/article/39622/tax-panel-to-defend-bill-at-senate-debate-today The Senate Leader, Bamidele Opeyemi, stated that the bills would be debated at the plenary on Thursday. Tax Offshore moves: Timing the rand (or not) and optimising taxation News Aggregation Team Wednesday, November 27, 2024 12:00 am http://africa.managersofwealth.com/article/39616/offshore-moves-timing-the-rand-or-not-and-optimising-taxation Structuring direct offshore investments can be very valuable within a holistic strategy. However, there are a few technical details to navigate. Tax Nigeria’s new tax regulations and their unintended consequences News Aggregation Team Tuesday, November 26, 2024 12:00 am http://africa.managersofwealth.com/article/39612/nigeriaamprsquos-new-tax-regulations-and-their-unintended-consequences The FIRS has introduced a 90-day transition period, in keeping with the 2017 National Tax Policy, ostensibly to ease the adjustment for businesses. Tax R36 billion ‘gift’ to taxpayers from SARS News Aggregation Team Tuesday, November 19, 2024 12:00 am http://africa.managersofwealth.com/article/39569/r36-billion-amplsquogiftamprsquo-to-taxpayers-from-sars When read in conjunction with the laundry list of potential criminal convictions in the tax acts, even the smallest of mistakes may cost taxpayers dearly. Tax Make tax free for small-scale businesses to increase national productivity in Nigeria News Aggregation Team Monday, November 18, 2024 12:00 am http://africa.managersofwealth.com/article/39565/make-tax-free-for-small-scale-businesses-to-increase-national-productivity-in-nigeria If the government provides tax relief for them, employers will be more likely to hire, and discipline will follow. Tax SA proposes carbon tax changes to increase offsets News Aggregation Team Thursday, November 14, 2024 12:00 am http://africa.managersofwealth.com/article/39544/sa-proposes-carbon-tax-changes-to-increase-offsets The public has until 13 December to comment on the proposals. Tax SARS takes aim at PAYE in South Africa News Aggregation Team Thursday, November 14, 2024 12:00 am http://africa.managersofwealth.com/article/39545/sars-takes-aim-at-paye-in-south-africa Employers are now being urged to carefully assess their PAYE practices to confirm compliance with tax regulations. Tax CIBA rejects president’s appointee over legal breaches News Aggregation Team Thursday, December 05, 2024 12:00 am http://africa.managersofwealth.com/article/39661/ciba-rejects-presidentamprsquos-appointee-over-legal-breaches The controversy centres on a presidential appointment letter dated November 29, 2024 Regulation,Tax & Compliance Trouble for South Africa’s big banks over fees News Aggregation Team Thursday, December 05, 2024 12:00 am http://africa.managersofwealth.com/article/39663/trouble-for-south-africaamprsquos-big-banks-over-fees These practices, he noted, stifle economic growth and innovation. Regulation,Tax & Compliance Exxaro CEO suspended over governance practices News Team Thursday, December 05, 2024 12:00 am http://africa.managersofwealth.com/article/39667/exxaro-ceo-suspended-over-governance-practices The company has seen several key executives resign in recent months. Regulation,Tax & Compliance Sarb, climate shocks and the economy News Aggregation Team Wednesday, December 04, 2024 12:00 am http://africa.managersofwealth.com/article/39656/sarb-climate-shocks-and-the-economy We asked South Africa’s central bank what role it plays in bringing stability. Regulation,Tax & Compliance IMF approves $360m third tranche loan for Ghana News Aggregation Team Wednesday, December 04, 2024 12:00 am http://africa.managersofwealth.com/article/39657/imf-approves-360m-third-tranche-loan-for-ghana This brings the disbursements under the ongoing three-year $3 billion Extended Credit Facility  arrangement to about $1.9 billion, since May 2023. Regulation,Tax & Compliance South Africans hit with major “FACEBK” card fraud News Aggregation Team Wednesday, December 04, 2024 12:00 am http://africa.managersofwealth.com/article/39658/south-africans-hit-with-major-ampldquofacebkamprdquo-card-fraud One Absa customer also reported that they were targeted, but that the bank blocked the fraud attempt before the money went off. Regulation,Tax & Compliance Warning for interest rates in South Africa News Aggregation Team Tuesday, December 03, 2024 12:00 am http://africa.managersofwealth.com/article/39647/warning-for-interest-rates-in-south-africa Inflation at the time was also low, a sign of economic slack or idle resources. Regulation,Tax & Compliance East African banks turn to SME lending, but credit gap remains News Aggregation Team Tuesday, December 03, 2024 12:00 am http://africa.managersofwealth.com/article/39649/east-african-banks-turn-to-sme-lending-but-credit-gap-remains The IFC alone has committed $4 billion in 2024 for MSME financing globally, focusing on Regulation,Tax & Compliance UBA Expands Global Network with New Banking Hub in France News Aggregation Team Monday, December 02, 2024 12:00 am http://africa.managersofwealth.com/article/39637/uba-expands-global-network-with-new-banking-hub-in-france Expanding into France is a natural progression Regulation,Tax & Compliance 6 major scams targeting South Africans and their money in 2024 News Aggregation Team Monday, December 02, 2024 12:00 am http://africa.managersofwealth.com/article/39643/6-major-scams-targeting-south-africans-and-their-money-in-2024 Nedbank notes that scammers often pose as bank representatives or trusted entities, creating a false sense of urgency to extract personal details. Regulation,Tax & Compliance Climate shocks and the economy News Aggregation Team Tuesday, December 03, 2024 12:00 am http://africa.managersofwealth.com/article/39648/climate-shocks-and-the-economy Sustainable economic growth implies that an economy is growing continuously at its potential and avoiding boom and bust episodes ESG Africa needs a climate action centred on people, not carbon News Aggregation Team Friday, November 22, 2024 12:00 am http://africa.managersofwealth.com/article/39593/africa-needs-a-climate-action-centred-on-people-not-carbon Zimbabwe, with per capita emissions of 0.9 metric tonnes, aims to reduce emissions by 40 percent by 2030 ESG Massive 120MW solar project launches in South Africa News Aggregation Team Tuesday, November 12, 2024 12:00 am http://africa.managersofwealth.com/article/39529/massive-120mw-solar-project-launches-in-south-africa Hnizdo said that the build is the first phase of a longer-term renewable energy commitment ESG Environmental, Social and Governance Disclosure is Critical for Africa’s Sustainable Development -- AfDB VP Quaynor at Inaugural Africa ESG Forum News Team Friday, October 25, 2024 1:00 am http://africa.managersofwealth.com/article/39433/environmental-social-and-governance-disclosure-is-critical-for-africaamprsquos-sustainable-development-afdb-vp-quaynor-at-inaugural-africa-esg-forum The forum aims to catalyze collaboration and knowledge sharing on ESG issues, paving the way for the establishment of a centralised Africa ESG Information Disclosure Hub and embedding ESG principles into the continent's development strategies. ESG Environmental, Social and Governance Disclosure is Critical for Africa’s Sustainable Development News Aggregation Team Thursday, October 24, 2024 1:00 am http://africa.managersofwealth.com/article/39424/environmental-social-and-governance-disclosure-is-critical-for-africaamprsquos-sustainable-development Nearly one hundred delegates attended physically with a further 400 online sharing insights ESG Okonjo-Iweala seeks increased renewable energy production News Aggregation Team Friday, October 18, 2024 1:00 am http://africa.managersofwealth.com/article/39393/okonjo-iweala-seeks-increased-renewable-energy-production She stressed the importance of renewable energy to counter climate change and called for responsible, circular approaches to using critical minerals.” ESG Her strength, our climate News Aggregation Team Tuesday, October 15, 2024 1:00 am http://africa.managersofwealth.com/article/39369/her-strength-our-climate As climate change continues to redefine our world, the necessity for inclusive solutions becomes ever more evident. ESG MoF launches first phase of green project News Aggregation Team Friday, October 11, 2024 1:00 am http://africa.managersofwealth.com/article/39351/mof-launches-first-phase-of-green-project The second phase of the GFT which will introduce quantitative thresholds, tax exemptions and sector-based incentives is expected to commence by May next year ESG Access Bank Launches Sustainable Finance Accelerator News Aggregation Team Thursday, October 10, 2024 1:00 am http://africa.managersofwealth.com/article/39340/access-bank-launches-sustainable-finance-accelerator The financial sector has a pivotal role to play in driving the transition to a low-carbon, inclusive economy. ESG Dilemmas And Opportunities In African Climate Finance News Aggregation Team Wednesday, October 09, 2024 1:00 am http://africa.managersofwealth.com/article/39333/dilemmas-and-opportunities-in-african-climate-finance Local and regional commercial banks, too, are gradually increasing their participation in green finance. ESG