Managers of Wealth - Africa http://africa.managersofwealth.com/ Mon, 22 Sep 2025 19:20:00 BST part of MediaG8way Group http://africa.managersofwealth.com/ http://africa.managersofwealth.com/assets/images/logo.png Managers of Wealth - Africa KohanaPHP 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 The South African giant that sold a bank – then spent R3 billion to launch a new one News Aggregation Team Monday, August 11, 2025 1:00 am http://africa.managersofwealth.com/article/41003/the-south-african-giant-that-sold-a-bank-ampndash-then-spent-r3-billion-to-launch-a-new-one The group said it anticipates an initial loss run rate of R1.1 billion to R1.3 billion, which will reduce as the bank is expected to break even in 2028. Wealth and Asset Management UBS, Rand Merchant Bank lead financial adviser M&A rankings in MEA for H1 2025 News Aggregation Team Tuesday, July 22, 2025 1:00 am http://africa.managersofwealth.com/article/40886/ubs-rand-merchant-bank-lead-financial-adviser-mampampa-rankings-in-mea-for-h1-2025 UBS topped by value, with $1.6bn in advised deals, while Rand Merchant Bank led by volume, with four deals to its credit. Wealth and Asset Management New wealth of top 1% surges by over $33.9 trillion since 2015 News Team Thursday, June 26, 2025 1:00 am http://africa.managersofwealth.com/article/40738/new-wealth-of-top-1-surges-by-over-339-trillion-since-2015 Oxfam’s new analysis examines the failures of a private investor-focused approach to funding development. Wealth and Asset Management 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 David Hodnett to lead Standard Bank SA News Aggregation Team Tuesday, September 09, 2025 1:00 am http://africa.managersofwealth.com/article/41164/david-hodnett-to-lead-standard-bank-sa The appointment comes as Standard Bank Group CEO Sim Tshabalala prepares to retire by the end of 2027. Executive Moves The man tipped to be South Africa’s next chief taxman News Aggregation Team Friday, September 05, 2025 1:00 am http://africa.managersofwealth.com/article/41144/the-man-tipped-to-be-south-africaamprsquos-next-chief-taxman Kieswetter is due to step down as commissioner in April. Executive Moves EBRD appoints Hamza Al-Assad as first Head of Nigeria News Team Friday, September 05, 2025 1:00 am http://africa.managersofwealth.com/article/41147/ebrd-appoints-hamza-al-assad-as-first-head-of-nigeria The move follows the Board of Governors’ approval – at the EBRD’s 2023 Annual Meeting in Samarkand – of amendments to the Agreement Establishing the EBRD, enabling the Bank to operate in sub-Saharan Africa and Iraq. Executive Moves CTJ Announces Paulo Pereira as New Partner to Accelerate Strategic Growth News Aggregation Team Thursday, September 04, 2025 1:00 am http://africa.managersofwealth.com/article/41137/ctj-announces-paulo-pereira-as-new-partner-to-accelerate-strategic-growth Reacting to his appointment, Paulo Silva Pereira highlighted his alignment with the consultancy’s principles and ambitions Executive Moves 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 EFCC secures conviction of five Internet fraudsters in Kwara News Aggregation Team Tuesday, July 15, 2025 1:00 am http://africa.managersofwealth.com/article/40851/efcc-secures-conviction-of-five-internet-fraudsters-in-kwara They were arraigned on separate charges before the courts by the EFCC. Legal Court orders forfeiture of assets linked to bank fraud News Aggregation Team Monday, July 14, 2025 1:00 am http://africa.managersofwealth.com/article/40842/court-orders-forfeiture-of-assets-linked-to-bank-fraud The judge gave the order in an application filed by the Economic and Financial Crimes Commission (EFCC). Legal 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 Citi Deploys Advanced AI Tools Across UAE and Middle East & Africa Operations News Aggregation Team Wednesday, September 17, 2025 1:00 am http://africa.managersofwealth.com/article/41213/citi-deploys-advanced-ai-tools-across-uae-and-middle-east-ampamp-africa-operations The suite of AI tools is designed to enhance employee productivity and operational efficiency across various functions within the bank. FinTech AI to Power Seamless Banking Experiences Across Africa News Aggregation Team Tuesday, September 16, 2025 1:00 am http://africa.managersofwealth.com/article/41200/ai-to-power-seamless-banking-experiences-across-africa Fragmented journeys and siloed services have long left customers frustrated FinTech How Technology Shapes Digital Adoption in Nigeria’s Banking Sector News Aggregation Team Tuesday, September 16, 2025 1:00 am http://africa.managersofwealth.com/article/41201/how-technology-shapes-digital-adoption-in-nigeriaamprsquos-banking-sector These banks demonstrated that investing in technology was essential not just for staying competitive but for transforming the banking experience in Nigeria. FinTech Fidelity Bank spotlights fintech’s role in US-Africa trade News Aggregation Team Monday, September 15, 2025 1:00 am http://africa.managersofwealth.com/article/41194/fidelity-bank-spotlights-fintechamprsquos-role-in-us-africa-trade Fintechs are uniquely positioned to address these gaps FinTech Old Mutual launches OM Bank to redefine digital banking in Africa News Aggregation Team Wednesday, September 10, 2025 1:00 am http://africa.managersofwealth.com/article/41166/old-mutual-launches-om-bank-to-redefine-digital-banking-in-africa The milestone marks the group’s transition from its earlier Money Account offering to a wholly owned, cloud-native banking platform that delivers affordability, simplicity, and scalability. FinTech Dawie Roodt warns about financial scams in South Africa News Aggregation Team Wednesday, September 10, 2025 1:00 am http://africa.managersofwealth.com/article/41172/dawie-roodt-warns-about-financial-scams-in-south-africa The caller said they decided to keep these transactions on hold and first confirm with Roodt whether he was the one making the payments. FinTech DA Proposes Cyber Commissioner To Fight AI Bank Scams News Aggregation Team Monday, September 08, 2025 1:00 am http://africa.managersofwealth.com/article/41150/da-proposes-cyber-commissioner-to-fight-ai-bank-scams As digital banking fraud doubles, the official opposition proposes a new constitutional amendment to establish a dedicated cyber security authority. FinTech African businesses face rising cybersecurity risks through WhatsApp use News Aggregation Team Friday, September 05, 2025 1:00 am http://africa.managersofwealth.com/article/41142/african-businesses-face-rising-cybersecurity-risks-through-whatsapp-use The biggest risk for organisations is data leakage. FinTech UK affirms collaboration with Nigeria against cyber threats News Aggregation Team Wednesday, September 03, 2025 1:00 am http://africa.managersofwealth.com/article/41126/uk-affirms-collaboration-with-nigeria-against-cyber-threats Tuggar also announced the creation of a Cyber Diplomacy Unit within the Ministry of Foreign Affairs to coordinate Nigeria’s international cyber engagements. FinTech KCB and Afreximbank in Joint Funding Deal to Operationalize Vipingo SEZ News Team Friday, September 19, 2025 1:00 am http://africa.managersofwealth.com/article/41230/kcb-and-afreximbank-in-joint-funding-deal-to-operationalize-vipingo-sez Under the agreement, Afreximbank and KCB Group will provide initial funding amounting to US$ 500 million and US$ 300 million, respectively towards the initiative. Retail Banking Jaiz Bank wins global honour as most progressive Islamic bank News Aggregation Team Monday, September 15, 2025 1:00 am http://africa.managersofwealth.com/article/41196/jaiz-bank-wins-global-honour-as-most-progressive-islamic-bank He dedicated the award to the staff, customers, and stakeholders of the bank. Retail Banking EBANX launches integration with Capitec Pay, enabling open banking for cross-border e-commerce in South Africa News Team Monday, September 15, 2025 1:00 am http://africa.managersofwealth.com/article/41197/ebanx-launches-integration-with-capitec-pay-enabling-open-banking-for-cross-border-e-commerce-in-south-africa The partnership introduces real-time, account-to-account payments to cross-border e-commerce through South Africa's leading digital bank Retail Banking FirstRand takes selective approach as Africa expansion heats up News Aggregation Team Friday, September 12, 2025 1:00 am http://africa.managersofwealth.com/article/41182/firstrand-takes-selective-approach-as-africa-expansion-heats-up International banks pulling back from Africa leave space for local groups like FirstRand to expand. Retail Banking FirstRand deserves highest rating of the big four News Aggregation Team Friday, September 12, 2025 1:00 am http://africa.managersofwealth.com/article/41188/firstrand-deserves-highest-rating-of-the-big-four Independent analyst Carmen Mpelwane unpacks FirstRand and Discovery results – one the market loved, the other it hated. Retail Banking Standard Bank named one of the World’s Most Trusted Companies by Newsweek News Aggregation Team Thursday, September 11, 2025 1:00 am http://africa.managersofwealth.com/article/41178/standard-bank-named-one-of-the-worldamprsquos-most-trusted-companies-by-newsweek Thousands of companies were assessed, with only one thousand making the final list. Retail Banking UBA extends N157bn rights issue deadline as recapitalisation race heats up News Aggregation Team Tuesday, September 09, 2025 1:00 am http://africa.managersofwealth.com/article/41159/uba-extends-n157bn-rights-issue-deadline-as-recapitalisation-race-heats-up UBA said the extension was designed to provide shareholders with additional time to fully exercise their rights and participate in the rights issue,” which involves 3.16 billion ordinary shares of 50 kobo each priced at N50 per share. Retail Banking B20 South Africa | Absa group executive weighs in ahead of summit News Aggregation Team Monday, September 08, 2025 1:00 am http://africa.managersofwealth.com/article/41154/b20-south-africa-absa-group-executive-weighs-in-ahead-of-summit This marks the first time the B20 process has been hosted on African soil, and places South Africa at the centre of global dialogue on inclusive growth and sustainable development. Retail Banking Zenith Bank targets Francophone Africa with Ivory Coast push after capital boost News Aggregation Team Monday, September 08, 2025 1:00 am http://africa.managersofwealth.com/article/41155/zenith-bank-targets-francophone-africa-with-ivory-coast-push-after-capital-boost The move marks the lender’s most ambitious cross-border push in more than a decade and reflects growing competition among Nigeria’s largest banks to capture market share in Francophone Africa Retail Banking South Africa's Nedbank sells Ecobank stake for $100m News Aggregation Team Thursday, September 04, 2025 1:00 am http://africa.managersofwealth.com/article/41135/south-africaamp039s-nedbank-sells-ecobank-stake-for-100m Jason Quinn, group CEO of Nedbank, explains that the move aligns with the group's effort to "optimise its capital allocation and focus on core growth areas". 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 NSE Increases Margin Levels for Derivatives Contracts News Aggregation Team Monday, September 22, 2025 1:00 am http://africa.managersofwealth.com/article/41231/nse-increases-margin-levels-for-derivatives-contracts NEXT aims to deepen Kenya’s capital markets by enabling hedging, speculation, and portfolio diversification. Alternative Investments SA, Tencent fade as new Prosus CEO sets bold course News Aggregation Team Monday, September 22, 2025 1:00 am http://africa.managersofwealth.com/article/41236/sa-tencent-fade-as-new-prosus-ceo-sets-bold-course Firmly profitable e-commerce businesses completely change the group’s trajectory… Alternative Investments South Africans are keeping the economy afloat by spending their pensions News Aggregation Team Friday, September 19, 2025 1:00 am http://africa.managersofwealth.com/article/41224/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. Alternative Investments African Development Bank Approves Equity Investment in The Currency Exchange Fund to Support Access to Local Currency Financing Across Africa News Aggregation Team Friday, September 19, 2025 1:00 am http://africa.managersofwealth.com/article/41226/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. Alternative Investments Cedi’s mid-year gains halved as appreciation to dollar slows to 21% News Aggregation Team Friday, September 19, 2025 1:00 am http://africa.managersofwealth.com/article/41227/cediamprsquos-mid-year-gains-halved-as-appreciation-to-dollar-slows-to-21 Performance against other major currencies was however mixed. Alternative Investments Rising trade surplus on export growth, import compression News Team Thursday, September 18, 2025 1:00 am http://africa.managersofwealth.com/article/41215/rising-trade-surplus-on-export-growth-import-compression A positive takeaway from the trade data is that, despite weaker USD-denominated imports Alternative Investments Strong revenue growth y/y; down on FX-adjusted basis News Team Thursday, September 18, 2025 1:00 am http://africa.managersofwealth.com/article/41217/strong-revenue-growth-yy-down-on-fx-adjusted-basis Despite the strong y/y growth in naira terms, actual revenue for 9M ’24 amounted to USD15.5bn Alternative Investments R4.5 billion owed to South Africans – check if you’re one of them News Aggregation Team Thursday, September 18, 2025 1:00 am http://africa.managersofwealth.com/article/41219/r45-billion-owed-to-south-africans-ampndash-check-if-youamprsquore-one-of-them The JSE has now launched a claimant campaign to address these challenges. Alternative Investments IMPI projects inflation to drop 17% by year-end News Aggregation Team Thursday, September 18, 2025 1:00 am http://africa.managersofwealth.com/article/41220/impi-projects-inflation-to-drop-17-by-year-end Nigeria recorded a rare disinflation in 2025 Alternative Investments South Africa is sinking deeper into a debt trap News Aggregation Team Wednesday, September 17, 2025 1:00 am http://africa.managersofwealth.com/article/41208/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. Alternative Investments SAB chief warns business cannot sit on the G20 sidelines News Aggregation Team Monday, September 22, 2025 1:00 am http://africa.managersofwealth.com/article/41235/sab-chief-warns-business-cannot-sit-on-the-g20-sidelines ‘Africa doesn’t need charity; it offers leadership’ – SAB’s Richard Rivett-Carnac. Comment, Analysis & Research Nigeria’s headline inflation continues to ease News Team Thursday, September 18, 2025 1:00 am http://africa.managersofwealth.com/article/41216/nigeriaamprsquos-headline-inflation-continues-to-ease The softer m/m headline reading was primarily driven by a m/m deceleration in food inflation Comment, Analysis & Research Economy grows 6.3% in 2nd quarter - Driven by services, industry News Aggregation Team Friday, September 12, 2025 1:00 am http://africa.managersofwealth.com/article/41184/economy-grows-63-in-2nd-quarter-driven-by-services-industry The non-oil nominal GDP was valued at GH¢313 billion in the quarter, a rise from GH¢244.7 billion in the second quarter of last year. Comment, Analysis & Research Cash still in huge demand in South Africa News Aggregation Team Friday, September 12, 2025 1:00 am http://africa.managersofwealth.com/article/41189/cash-still-in-huge-demand-in-south-africa The SARB has stated its ambitions to make the country less dependent on cash, with digital payments seen as safer and more cost-effective. Comment, Analysis & Research After work hour warning for employers in South Africa News Aggregation Team Thursday, September 11, 2025 1:00 am http://africa.managersofwealth.com/article/41174/after-work-hour-warning-for-employers-in-south-africa Australia is the latest country to formally adopt these rights. Comment, Analysis & Research DMB credit extension slows on policy headwinds News Team Thursday, September 11, 2025 1:00 am http://africa.managersofwealth.com/article/41179/dmb-credit-extension-slows-on-policy-headwinds The q/q decline continues to reflect tight monetary conditions due to the elevated interest rate environment Comment, Analysis & Research More wealthy South Africans are buying houses in one of Europe’s small coastal countries News Aggregation Team Monday, September 08, 2025 1:00 am http://africa.managersofwealth.com/article/41156/more-wealthy-south-africans-are-buying-houses-in-one-of-europeamprsquos-small-coastal-countries More wealthy South Africans are buying houses in one of Europe’s small coastal countries Comment, Analysis & Research AfDB and the path to a truly African Bank News Aggregation Team Monday, September 08, 2025 1:00 am http://africa.managersofwealth.com/article/41157/afdb-and-the-path-to-a-truly-african-bank Like any other public institution, the politics of emergence of the occupiers of the top position in the bank is inextricably tied to the powers welded by those who pull the strings. Comment, Analysis & Research South Africa could finally get some good news next week News Aggregation Team Friday, September 05, 2025 1:00 am http://africa.managersofwealth.com/article/41148/south-africa-could-finally-get-some-good-news-next-week Q2 of 2025 saw energy, mining, and manufacturing improve, supported by little to no load shedding and driven by reasonable global demand and rising domestic demand. Comment, Analysis & Research I built my wealth from scratch, rejected inheritance – Dangote News Aggregation Team Wednesday, September 03, 2025 1:00 am http://africa.managersofwealth.com/article/41133/i-built-my-wealth-from-scratch-rejected-inheritance-ampndash-dangote In a recent interview, the business magnate noted that although both sides of his family were affluent, he chose to forge his own path instead of depending on family wealth. Comment, Analysis & Research One way rich South Africans protect their wealth and pay less tax News Aggregation Team Monday, September 22, 2025 1:00 am http://africa.managersofwealth.com/article/41234/one-way-rich-south-africans-protect-their-wealth-and-pay-less-tax In a bank account in pounds, you’re earning probably less than 2%. Tax SARS is cutting an important lifeline for taxpayers News Aggregation Team Thursday, September 18, 2025 1:00 am http://africa.managersofwealth.com/article/41218/sars-is-cutting-an-important-lifeline-for-taxpayers According to Tax Consulting SA, the “bona fide inadvertent error” was a layer of protection for taxpayers who made innocent misstatements without the intention to deceive the taxman. Tax ‘Citizens deserve to know purpose of taxes’ News Aggregation Team Thursday, September 18, 2025 1:00 am http://africa.managersofwealth.com/article/41221/amplsquocitizens-deserve-to-know-purpose-of-taxesamprsquo Atoyebi, who is an expert in print and broadcast journalism, argued that how governments engage with citizens is central to whether people willingly comply with tax obligations. Tax Do a code audit on your business software News Aggregation Team Wednesday, September 17, 2025 1:00 am http://africa.managersofwealth.com/article/41206/do-a-code-audit-on-your-business-software The final audit report provides details about the code readability and maintainability, a performance and security analysis, and recommendations on where to improve. Tax SARS is coming after these taxpayers hard in 2026 News Aggregation Team Wednesday, September 17, 2025 1:00 am http://africa.managersofwealth.com/article/41207/sars-is-coming-after-these-taxpayers-hard-in-2026 The CARF regulations are instrumental in South Africa’s commitment to meet international tax standards Tax Is TIN a must? What to know about Nigeria’s Tax Identification Number? News Aggregation Team Wednesday, September 17, 2025 1:00 am http://africa.managersofwealth.com/article/41211/is-tin-a-must-what-to-know-about-nigeriaamprsquos-tax-identification-number If you don’t have a Tax ID, you can apply on the Joint Tax Board (JTB) website Tax Retirement tax warning for South Africans News Aggregation Team Wednesday, September 10, 2025 1:00 am http://africa.managersofwealth.com/article/41171/retirement-tax-warning-for-south-africans Lange said this shows the tough financial environment South Africans are in, but warned that withdrawals have a double cost. Tax FIRS taps EFCC to enforce tax compliance News Aggregation Team Wednesday, September 10, 2025 1:00 am http://africa.managersofwealth.com/article/41173/firs-taps-efcc-to-enforce-tax-compliance Adedeji also emphasised the importance of inter-agency cooperation in sustaining financial stability and building trust in Nigeria’s revenue system. Tax TaxTim acquired by consortium led by Twofold Capital News Aggregation Team Tuesday, September 09, 2025 1:00 am http://africa.managersofwealth.com/article/41165/taxtim-acquired-by-consortium-led-by-twofold-capital Deal includes partial exit for co-founder Evan Robinson, who will remain involved in product strategy. Tax South African business confidence weakens as US tariffs hit exports News Aggregation Team Tuesday, September 02, 2025 1:00 am http://africa.managersofwealth.com/article/41119/south-african-business-confidence-weakens-as-us-tariffs-hit-exports President Donald Trump’s administration last month imposed a 30 per cent tariff on a range of South African goods Tax Government blacklists 40 companies, and the major risk to property values in South Africa News Aggregation Team Monday, September 22, 2025 1:00 am http://africa.managersofwealth.com/article/41232/government-blacklists-40-companies-and-the-major-risk-to-property-values-in-south-africa It also remains sensitive to the ongoing efforts to reduce the steep US tariffs on imports from South Africa. Regulation,Tax & Compliance The new crime tactic taking South Africa by storm News Aggregation Team Monday, September 22, 2025 1:00 am http://africa.managersofwealth.com/article/41233/the-new-crime-tactic-taking-south-africa-by-storm In South Africa, cases linked to deep fake manipulation have surged by 1,200% in just a year. Regulation,Tax & Compliance Ghana government aims to curb GH¢2.36b annual losses in procurement – Deputy Finance Minister News Aggregation Team Monday, September 22, 2025 1:00 am http://africa.managersofwealth.com/article/41238/ghana-government-aims-to-curb-ghampcent236b-annual-losses-in-procurement-ampndash-deputy-finance-minister He described this as a drain on resources that should be used to build hospitals, schools and climate-resilient infrastructure. Regulation,Tax & Compliance Get ready for National Minimum Wage changes in 2026 News Aggregation Team Friday, September 19, 2025 1:00 am http://africa.managersofwealth.com/article/41222/get-ready-for-national-minimum-wage-changes-in-2026 Along with the extension, the commission has also called on stakeholders to complete an online survey and questionnaire, which will also go into consideration in the final report. Regulation,Tax & Compliance Reserve Bank chooses to hold rates News Aggregation Team Friday, September 19, 2025 1:00 am http://africa.managersofwealth.com/article/41223/reserve-bank-chooses-to-hold-rates Reserve Bank governor Lesetja Kganyago said that global markets appear to be resilient in the face of market turmoil and uncertainty. Regulation,Tax & Compliance Bank of Ghana cuts policy rate by 350 basis points to 21.5%  News Aggregation Team Friday, September 19, 2025 1:00 am http://africa.managersofwealth.com/article/41225/bank-of-ghana-cuts-policy-rate-by-350-basis-points-to-215 He said in the outlook, headline inflation was expected to drop to within the median term target of 8 plus or minus 2 per cent by the end of the fourth quarter. Regulation,Tax & Compliance African Development Bank Group President Ould Tah pays courtesy call on President Ouattara News Team Friday, September 19, 2025 1:00 am http://africa.managersofwealth.com/article/41228/african-development-bank-group-president-ould-tah-pays-courtesy-call-on-president-ouattara Ould Tah expressed his gratitude to the Ivorian leader for the support he received during his election in May becoming the ninth president of the pan-African multilateral institution. Regulation,Tax & Compliance Nigeria: Naira appreciates below $1.004 against dollar first time since February News Aggregation Team Wednesday, September 17, 2025 1:00 am http://africa.managersofwealth.com/article/41210/nigeria-naira-appreciates-below-1004-against-dollar-first-time-since-february This stability in the black market rate suggests a potential shift towards a more unified exchange rate regime Regulation,Tax & Compliance FG suspends controversial 4% import duty levy News Aggregation Team Tuesday, September 16, 2025 1:00 am http://africa.managersofwealth.com/article/41205/fg-suspends-controversial-4-import-duty-levy In a letter dated Monday, September 15, 2025, and addressed to the Comptroller-General of Customs, Mr Wale Edun—acting in his capacity as Chairman of the NCS Board—ordered the immediate suspension of the levy. Regulation,Tax & Compliance Government withdraws controversial law changes in South Africa News Aggregation Team Monday, September 15, 2025 1:00 am http://africa.managersofwealth.com/article/41192/government-withdraws-controversial-law-changes-in-south-africa If implemented, credit bureaus would have been able to collect information from state institutions, courts, insurers, fraud investigators, utilities, and debt collectors, as well as educational institutions. 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