Managers of Wealth - Africa http://africa.managersofwealth.com/ Mon, 27 May 2024 19:11:13 BST part of MediaG8way Group http://africa.managersofwealth.com/ http://africa.managersofwealth.com/assets/images/logo.png Managers of Wealth - Africa KohanaPHP UBS asset management leadership gets a refresh News Aggregation Team Friday, May 17, 2024 1:00 am http://africa.managersofwealth.com/article/38516/ubs-asset-management-leadership-gets-a-refresh The unit is undergoing streamlining, cost reductions. Wealth and Asset Management DIFC fortifies position as preferred global hub for wealth and asset management firms News Team Wednesday, May 15, 2024 1:00 am http://africa.managersofwealth.com/article/38500/difc-fortifies-position-as-preferred-global-hub-for-wealth-and-asset-management-firms Total number of wealth and asset management firms surpasses 370 in the first quarter of 2024 Wealth and Asset Management Nedbank Private Wealth recognised as best UK private bank for tenth consecutive year News Team Monday, May 13, 2024 1:00 am http://africa.managersofwealth.com/article/38486/nedbank-private-wealth-recognised-as-best-uk-private-bank-for-tenth-consecutive-year Winners are determined by a public online vote, which this year saw a new record of over 50,000 votes being cast. Wealth and Asset Management FirstBank emerges best private bank for sustainable investment in Africa News Aggregation Team Thursday, April 25, 2024 1:00 am http://africa.managersofwealth.com/article/38408/firstbank-emerges-best-private-bank-for-sustainable-investment-in-africa The Bank has remained consistent in reinventing itself, enabling success through the years of its existence for the last 130 years Wealth and Asset Management RMB Private Bank wins big at the 2024 Euromoney Private Banking Awards News Aggregation Team Thursday, April 25, 2024 1:00 am http://africa.managersofwealth.com/article/38412/rmb-private-bank-wins-big-at-the-2024-euromoney-private-banking-awards RMB Private Bank named SA’s Best Private Bank for Ultra High Net Worth Individuals for the second consecutive year Wealth and Asset Management South Africa has lost over 11,000 millionaires News Aggregation Team Wednesday, April 17, 2024 1:00 am http://africa.managersofwealth.com/article/38363/south-africa-has-lost-over-11000-millionaires HNWIs are defined in the report as individuals with “liquid, investable wealth” exceeding US$1 million (~R19 million at current rates). Wealth and Asset Management Stanbic IBTC Bank wins big at the 2024 Euromoney Global Private Banking Awards News Aggregation Team Monday, April 08, 2024 1:00 am http://africa.managersofwealth.com/article/38309/stanbic-ibtc-bank-wins-big-at-the-2024-euromoney-global-private-banking-awards These awards recognise institutions that demonstrate exceptional performance in providing clients with superior advice, service and solutions. Wealth and Asset Management StanChart ties up with Old Mutual for wealth platform News Aggregation Team Friday, April 05, 2024 1:00 am http://africa.managersofwealth.com/article/38292/stanchart-ties-up-with-old-mutual-for-wealth-platform The partnership is looking to expand in the Middle East, Africa and Southeast Asia. Wealth and Asset Management How long you would need to work to become one of the richest people in South Africa News Aggregation Team Thursday, April 04, 2024 1:00 am http://africa.managersofwealth.com/article/38285/how-long-you-would-need-to-work-to-become-one-of-the-richest-people-in-south-africa The richest man in the world, LVMH’s Bernard Arnault – $223 billion (R4.1 trillion) – is also in the luxury goods business. Wealth and Asset Management RMB Private Bank wins big at the Euromoney AwardsOnce again named as the best private bank for ultra-high-net-worth Individuals in SA. News Aggregation Team Tuesday, April 02, 2024 1:00 am http://africa.managersofwealth.com/article/38267/rmb-private-bank-wins-big-at-the-euromoney-awardsonce-again-named-as-the-best-private-bank-for-ultra-high-net-worth-individuals-in-sa The awards recognise the achievements of the world’s top private banking and wealth management institutions in client service, product innovation, and commitment to the industry. Wealth and Asset Management Head of Stonehage Fleming Corporate Services elected chair of SA Securitisation and Asset Backed Debt Forum News Team Wednesday, May 22, 2024 1:00 am http://africa.managersofwealth.com/article/38542/head-of-stonehage-fleming-corporate-services-elected-chair-of-sa-securitisation-and-asset-backed-debt-forum It actively promotes industry knowledge, fosters collaboration with policymakers and regulators, and engages with local and international stakeholders on matters shaping these markets. Executive Moves Fintech expert Bradwin Roper heads to Jumo News Aggregation Team Tuesday, May 21, 2024 1:00 am http://africa.managersofwealth.com/article/38533/fintech-expert-bradwin-roper-heads-to-jumo Roper’s appointment follows the announcement last year that Joe Mucheru – former Kenyan Cabinet secretary for ICT, innovation and youth affairs – was appointed president of Jumo. Executive Moves Houlihan Lokey Strengthens European Financial Services and Technology Team With Experienced Hire News Team Thursday, May 09, 2024 1:00 am http://africa.managersofwealth.com/article/38472/houlihan-lokey-strengthens-european-financial-services-and-technology-team-with-experienced-hire Scott Kirkby Joins as a Managing Director Executive Moves DHF Capital hires Erik Boekel as Chief Commercial Officer News Aggregation Team Wednesday, May 08, 2024 1:00 am http://africa.managersofwealth.com/article/38461/dhf-capital-hires-erik-boekel-as-chief-commercial-officer Erik Boekel has an extensive professional background encompassing regional responsibilities across Africa, the Middle East, and Europe. Executive Moves Premium Pension strengthens board with four new directors News Aggregation Team Tuesday, April 30, 2024 1:00 am http://africa.managersofwealth.com/article/38435/premium-pension-strengthens-board-with-four-new-directors Mohammed Abubakar is a legal luminary and astute administrator. Executive Moves Absa appoints new financial director – replacing the new Nedbank CEO News Aggregation Team Monday, April 29, 2024 1:00 am http://africa.managersofwealth.com/article/38430/absa-appoints-new-financial-director-ampndash-replacing-the-new-nedbank-ceo He is a member of The South African Institute of Chartered Accountants Executive Moves Barclays appoints Head of M&A EMEA News Team Tuesday, April 23, 2024 1:00 am http://africa.managersofwealth.com/article/38391/barclays-appoints-head-of-mampampa-emea He will bring to the Barclays franchise a wealth of knowledge and deep expertise in acting for large cap Corporates and Financial Sponsors that will be pivotal in helping the bank capitalise on the recovering M&A market. Executive Moves First Bank appoints Alebiosu as MD News Aggregation Team Tuesday, April 23, 2024 1:00 am http://africa.managersofwealth.com/article/38397/first-bank-appoints-alebiosu-as-md Alebiosu’s academic credentials further enrich his professional profile. Executive Moves IQ-EQ appoints new Managing Director for Mauritius and new Chief Commercial Officer for Africa, India and Middle East News Team Thursday, April 18, 2024 1:00 am http://africa.managersofwealth.com/article/38366/iq-eq-appoints-new-managing-director-for-mauritius-and-new-chief-commercial-officer-for-africa-india-and-middle-east Pazani Vaitilingon, Head of Funds, Mauritius will succeed Rehma in the role of Chief Commercial Officer, Africa, India and Middle East. Executive Moves Herbert Smith Freehills boosts competition and antitrust offering with director appointment in Johannesburg News Aggregation Team Thursday, April 18, 2024 1:00 am http://africa.managersofwealth.com/article/38367/herbert-smith-freehills-boosts-competition-and-antitrust-offering-with-director-appointment-in-johannesburg His practice also includes other regulatory fields such as advertising, postal, gambling as well as consumer protection. Executive Moves Hogan Lovells wins top honors in four categories at the IFLR Africa Awards News Team Thursday, May 09, 2024 1:00 am http://africa.managersofwealth.com/article/38471/hogan-lovells-wins-top-honors-in-four-categories-at-the-iflr-africa-awards The IFLR Awards showcases the exceptional accomplishments and valuable contributions within the legal and finance sectors. Legal Court dismisses N6.5billion debt recovery suit against Ex-Director of Intercontinental Bank News Aggregation Team Friday, May 03, 2024 1:00 am http://africa.managersofwealth.com/article/38449/court-dismisses-n65billion-debt-recovery-suit-against-ex-director-of-intercontinental-bank Joined as co-defendants in the dismissed suit are Stanzus Investment Ltd, Caronc Investment Ltd, Mr Stanley Ezenwa, Zephrenus Ezenwa and Chinwe Hilda Ezenwa Mbah Legal Former MASLOC CEO jailed 10 years in absentia for causing financial loss to the State News Aggregation Team Wednesday, April 17, 2024 1:00 am http://africa.managersofwealth.com/article/38365/former-masloc-ceo-jailed-10-years-in-absentia-for-causing-financial-loss-to-the-state Her accomplice, Daniel Axim, also a former Chief Operating Officer (COO) of the same Institution, was also incarcerated for five years in hard labour. Legal RAF and its chair and CEO avoid being declared in contempt of court News Aggregation Team Monday, April 15, 2024 1:00 am http://africa.managersofwealth.com/article/38346/raf-and-its-chair-and-ceo-avoid-being-declared-in-contempt-of-court Judge Wanless ordered the RAF to accept delivery “forthwith on 22 March 2024 before close of business” of Mabule’s documents Legal Binance chief: FG contacts INTERPOL, soldiers held over detainee’s escape News Aggregation Team Tuesday, March 26, 2024 12:00 am http://africa.managersofwealth.com/article/38241/binance-chief-fg-contacts-interpol-soldiers-held-over-detaineeamprsquos-escape The escape shocked security agencies Legal Former Scangroup CEO Bharat Thakrar files Sh4.3bn suit over ouster News Aggregation Team Monday, March 25, 2024 12:00 am http://africa.managersofwealth.com/article/38230/former-scangroup-ceo-bharat-thakrar-files-sh43bn-suit-over-ouster WPP, he alleges, gave Airtel Africa further defamatory and false statements Legal Ex-Steinhoff CEO Markus Jooste dead News Aggregation Team Friday, March 22, 2024 12:00 am http://africa.managersofwealth.com/article/38226/ex-steinhoff-ceo-markus-jooste-dead Among the allegations against him, he was accused of insider trading and fraudulently booking proceeds from fake transactions at Steinhoff units between 2011 and 2015. Legal EFCC obtains order to track Nigerians transacting on Binance News Aggregation Team Tuesday, March 19, 2024 12:00 am http://africa.managersofwealth.com/article/38199/efcc-obtains-order-to-track-nigerians-transacting-on-binance The court handed down the order following an ex parte motion filed by the EFCC demanding information about Nigerians trading on Binance. Legal Unregistered agents face arrest in war on tax-evading landlords News Aggregation Team Monday, March 18, 2024 12:00 am http://africa.managersofwealth.com/article/38194/unregistered-agents-face-arrest-in-war-on-tax-evading-landlords The Estate Agents Act requires practitioners to register with the board and be issued with an annual practising certificate. Legal Shea butter, others from Nigeria below global standards, says WTO News Aggregation Team Wednesday, March 06, 2024 12:00 am http://africa.managersofwealth.com/article/38131/shea-butter-others-from-nigeria-below-global-standards-says-wto The shea tree, native to the savannas of West Africa, produces the shea nut. Legal AI holds immense potential for Africa’s media industry – Akufo-Addo News Aggregation Team Monday, May 20, 2024 1:00 am http://africa.managersofwealth.com/article/38529/ai-holds-immense-potential-for-africaamprsquos-media-industry-ampndash-akufo-addo The use of AI in news gathering and dissemination had contributed significantly to expanding the media landscape in a manner unimaginable, he said, and asked that it was used responsibly at all times. FinTech CBN withdraws circular on cybersecurity levy News Aggregation Team Monday, May 20, 2024 1:00 am http://africa.managersofwealth.com/article/38531/cbn-withdraws-circular-on-cybersecurity-levy The directive for the collection of the levy was met with nationwide backlash which prompted the Presidency to suspend the implementation. FinTech Nedbank warns of new scams doing the rounds in South Africa News Aggregation Team Friday, May 17, 2024 1:00 am http://africa.managersofwealth.com/article/38519/nedbank-warns-of-new-scams-doing-the-rounds-in-south-africa Nedbank said that cybercriminals using this tactic pray on human emotions FinTech Africa’s fintech ecosystem key in driving digital revolution – MTN CEO News Aggregation Team Friday, May 17, 2024 1:00 am http://africa.managersofwealth.com/article/38521/africaamprsquos-fintech-ecosystem-key-in-driving-digital-revolution-ampndash-mtn-ceo It provided an opportunity to foster collaboration among diverse stakeholders to drive innovation across Africa. FinTech Nigeria suspends cybersecurity levy News Aggregation Team Thursday, May 16, 2024 1:00 am http://africa.managersofwealth.com/article/38514/nigeria-suspends-cybersecurity-levy The cybersecurity tax policy implementation has been directed by the government to be put on hold, so it has been suspended," reiterated Idris. FinTech SARS is coming after crypto traders – what you need to know News Aggregation Team Wednesday, May 15, 2024 1:00 am http://africa.managersofwealth.com/article/38501/sars-is-coming-after-crypto-traders-ampndash-what-you-need-to-know Tax practitioners at Tax Consulting SA said that taxpayers must be aware that crypto-related activities FinTech The driving force for digital transformation News Aggregation Team Wednesday, May 15, 2024 1:00 am http://africa.managersofwealth.com/article/38505/the-driving-force-for-digital-transformation Mariam Hamadou Ali has been at the head of the Ministry of Digital Economy and Innovation since its creation in 2021, when it was established to play a key role in national development. FinTech African Development Bank President calls for ‘bold and innovative approach’ from multilateral development banks to tackle global challenges News Team Friday, May 10, 2024 1:00 am http://africa.managersofwealth.com/article/38485/african-development-bank-president-calls-for-amplsquobold-and-innovative-approachamprsquo-from-multilateral-development-banks-to-tackle-global-challenges Adesina showcases African Development Bank’s financial innovations at Islamic Development Bank’s 50th-anniversary symposium FinTech Emirates NBD strikes payments deal with Nium News Team Wednesday, May 08, 2024 1:00 am http://africa.managersofwealth.com/article/38462/emirates-nbd-strikes-payments-deal-with-nium The partnership, subject to regulatory approvals, seeks to elevate the remittance experience with seamless, instantaneous cross-border transfers between the UAE and countries worldwide. FinTech Capitec more scared of Apple than South Africa’s new digital banks News Aggregation Team Monday, April 29, 2024 1:00 am http://africa.managersofwealth.com/article/38427/capitec-more-scared-of-apple-than-south-africaamprsquos-new-digital-banks The South African Reserve Bank’s Prudential Authority approved the company’s application for a banking licence in November 2022. FinTech Stanbic Bank Kenya Partners with Orion Innovation for Strategic Modernization News Team Friday, May 24, 2024 1:00 am http://africa.managersofwealth.com/article/38558/stanbic-bank-kenya-partners-with-orion-innovation-for-strategic-modernization Latest agreement highlights Orion's leadership role in transforming the Financial Services industry across the MEA Region Retail Banking UBA Group emphasises focus on innovation, capital flows, trade and investments News Aggregation Team Friday, May 24, 2024 1:00 am http://africa.managersofwealth.com/article/38560/uba-group-emphasises-focus-on-innovation-capital-flows-trade-and-investments Innovation and digital transformation are at the heart of UBA’s strategy for future growth and competitiveness. Retail Banking How much more you’re paying for banking fees in South Africa: 2019 vs 2024 News Aggregation Team Thursday, May 23, 2024 1:00 am http://africa.managersofwealth.com/article/38557/how-much-more-youamprsquore-paying-for-banking-fees-in-south-africa-2019-vs-2024 Solidarity’s banking fee comparison is based on four different transaction profiles split across four groups. Retail Banking Standard Bank adjudged 2024 Best Bank in Africa, but Access Bank is Best Bank in Ghana News Aggregation Team Thursday, May 23, 2024 1:00 am http://africa.managersofwealth.com/article/38554/standard-bank-adjudged-2024-best-bank-in-africa-but-access-bank-is-best-bank-in-ghana Access Bank Ghana, a subsidiary of Access Bank Group of Nigeria, was however adjudged the 2024 Best Bank in Ghana. Retail Banking Fidelity Bank chair to earn N60m per annum News Aggregation Team Wednesday, May 22, 2024 1:00 am http://africa.managersofwealth.com/article/38548/fidelity-bank-chair-to-earn-n60m-per-annum The directors of Fidelity Bank also proposed a final dividend payout of 60 kobo per share to shareholders for the 2023 financial year Retail Banking The Reserve Bank warns of a major risk to South Africa’s economy News Aggregation Team Wednesday, May 22, 2024 1:00 am http://africa.managersofwealth.com/article/38547/the-reserve-bank-warns-of-a-major-risk-to-south-africaamprsquos-economy South Africa generates about 80% of its power from coal. Retail Banking Fidelity Bank joins forces with Proxtera to empower Ghana's SMES on GIFE Platform News Aggregation Team Tuesday, May 21, 2024 1:00 am http://africa.managersofwealth.com/article/38535/fidelity-bank-joins-forces-with-proxtera-to-empower-ghanaamp039s-smes-on-gife-platform The agreement was signed Wednesday during the ongoing 3i Africa Summit, a major gathering focused on driving Africa's growth potential. Retail Banking Nedbank launches Bank Your Time – Save time when managing your money News Aggregation Team Tuesday, May 21, 2024 1:00 am http://africa.managersofwealth.com/article/38539/nedbank-launches-bank-your-time-ampndash-save-time-when-managing-your-money This campaign was inspired by the increasing prevalence of digital banking, which now accounts for nearly 30% of Nedbank’s customer banking in South Africa. Retail Banking Boost for retail in South Africa News Aggregation Team Thursday, May 16, 2024 1:00 am http://africa.managersofwealth.com/article/38510/boost-for-retail-in-south-africa The outcome was better than the market expectations of a mild expansion of 0.4%. Retail Banking Best banking fuel rewards in South Africa: Absa vs Capitec vs FNB vs Nedbank vs Standard Bank News Aggregation Team Thursday, May 16, 2024 1:00 am http://africa.managersofwealth.com/article/38511/best-banking-fuel-rewards-in-south-africa-absa-vs-capitec-vs-fnb-vs-nedbank-vs-standard-bank To fill a 50-litre engine with 95 petrol inland, consumers must fork out R1,275. Retail 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 Stanbic Bank is joint arranger for Letshego Ghana’s GHS 500m bond programme News Aggregation Team Monday, April 22, 2024 1:00 am http://africa.managersofwealth.com/article/38384/stanbic-bank-is-joint-arranger-for-letshego-ghanaamprsquos-ghs-500m-bond-programme In the finance world, particularly in the business of lending and borrowing, trust serves as the cornerstone of every interaction with all stakeholders, from clients to investors. Investment Banking Abdullahi Adan: Banker leads Kenya's first shariah-compliant investment bank at SIB News Aggregation Team Friday, January 19, 2024 12:00 am http://africa.managersofwealth.com/article/37861/abdullahi-adan-banker-leads-kenyaamp039s-first-shariah-compliant-investment-bank-at-sib For me, it has been a really good learning experience in terms of the new markets, dynamics and the culture which is quite different from Kenya. Investment Banking Northern Trust Grows Front Office Solutions Business in EMEA Market News Team Monday, September 11, 2023 1:00 am http://africa.managersofwealth.com/article/37103/northern-trust-grows-front-office-solutions-business-in-emea-market Northern Trust Front Office Solutions builds momentum in EMEA amidst growing demand for more diversified portfolios Investment Banking Deutsche Bank supports better infrastructure across Tanzania News Team Thursday, July 20, 2023 1:00 am http://africa.managersofwealth.com/article/36791/deutsche-bank-supports-better-infrastructure-across-tanzania Announced the close of a 450 million euro 7-year lending facility to the Ministry of Finance of the United Republic of Tanzania Investment Banking Euromoney Awards: Chapel Hill Denham Named Best Investment Bank in Nigeria News Aggregation Team Friday, July 14, 2023 1:00 am http://africa.managersofwealth.com/article/36759/euromoney-awards-chapel-hill-denham-named-best-investment-bank-in-nigeria This award is a testament to our strong commitment to delivering results and a relentless pursuit of excellence to meet the needs of stakeholders within our ecosystem. Investment Banking Investment bank advises FG on economic growth News Aggregation Team Tuesday, June 06, 2023 1:00 am http://africa.managersofwealth.com/article/36524/investment-bank-advises-fg-on-economic-growth Osunkoya added that it was very crucial to examine the support mechanisms provided to farmers by both the monetary and fiscal authorities. Investment Banking South African investors binge on private debt and equity News Aggregation Team Friday, May 24, 2024 1:00 am http://africa.managersofwealth.com/article/38559/south-african-investors-binge-on-private-debt-and-equity Most South African ultra-high-net-worth individuals have already shifted the bulk of their assets offshore. Alternative Investments South African investors are putting their money into hedge funds – This is why News Aggregation Team Friday, May 24, 2024 1:00 am http://africa.managersofwealth.com/article/38562/south-african-investors-are-putting-their-money-into-hedge-funds-ampndash-this-is-why Hedge funds are a popular investment choice thanks to their balanced design. Alternative Investments Investec is rocking News Aggregation Team Friday, May 24, 2024 1:00 am http://africa.managersofwealth.com/article/38563/investec-is-rocking The rand had an average exchange rate of 23.54 to the pound over the period, up from 20.45 in FY23. Alternative Investments IOCs to invest $20bn in Nigeria –FG News Aggregation Team Friday, May 24, 2024 1:00 am http://africa.managersofwealth.com/article/38564/iocs-to-invest-20bn-in-nigeria-ampndashfg For over a decade, the non-passage of the Petroleum Industry Act and inconsistent policies had driven investments away. Alternative Investments South Africa’s new bank — and its fight against Capitec News Aggregation Team Thursday, May 23, 2024 1:00 am http://africa.managersofwealth.com/article/38551/south-africaamprsquos-new-bank-ampmdash-and-its-fight-against-capitec Once it has passed the tests, OM Bank will fully integrate into the National Payments System. Alternative Investments Empowering Nigerians to Invest Securely and Grow Wealth: Lifeboat Capital Launches in Nigeria News Aggregation Team Thursday, May 23, 2024 1:00 am http://africa.managersofwealth.com/article/38552/empowering-nigerians-to-invest-securely-and-grow-wealth-lifeboat-capital-launches-in-nigeria In a challenging economic climate, traditional banks often provide minimal interest on savings, using the funds to generate profits for themselves. Alternative Investments Expert makes 18 predictions that would shape real estate in Africa News Aggregation Team Thursday, May 23, 2024 1:00 am http://africa.managersofwealth.com/article/38555/expert-makes-18-predictions-that-would-shape-real-estate-in-africa Dr. Akwensivie who is also a valuation and estate surveyor, legal practitioner and researcher, indicated that real estate in Africa is fast developing due to dynamics such as changing tastes, advancement in technology and access to finance. Alternative Investments South Africa is about to turn the corner News Aggregation Team Thursday, May 23, 2024 1:00 am http://africa.managersofwealth.com/article/38556/south-africa-is-about-to-turn-the-corner The Johannesburg-based money manager said he became more bullish on South African stocks about two months ago Alternative Investments A m/m decrease in DMO’s auction sales News Team Wednesday, May 22, 2024 1:00 am http://africa.managersofwealth.com/article/38544/a-mm-decrease-in-dmoamprsquos-auction-sales The sales outcome in May is the lowest made so far this year. Alternative Investments A modest m/m rise in FAAC distributions News Team Wednesday, May 22, 2024 1:00 am http://africa.managersofwealth.com/article/38545/a-modest-mm-rise-in-faac-distributions The m/m growth in distributed revenue also marks the largest increase in gross distributions since the 20% m/m gain in Nov ’23. Alternative Investments Interest rate pain for South Africa to continue News Aggregation Team Thursday, May 23, 2024 1:00 am http://africa.managersofwealth.com/article/38553/interest-rate-pain-for-south-africa-to-continue The median of 18 economists’ estimates in a Bloomberg survey was for the inflation rate to remain unchanged. Comment, Analysis & Research A modest increase in headline inflation News Team Wednesday, May 22, 2024 1:00 am http://africa.managersofwealth.com/article/38543/a-modest-increase-in-headline-inflation The latest headline inflation increased by 49bps to 33.69% y/y. Comment, Analysis & Research A modest rate hike expected by the MPC News Team Wednesday, May 22, 2024 1:00 am http://africa.managersofwealth.com/article/38546/a-modest-rate-hike-expected-by-the-mpc A smaller increase compared to the previous rate hike of +400bps in February. Comment, Analysis & Research Pain for households in South Africa setting in for the long haul News Aggregation Team Friday, May 17, 2024 1:00 am http://africa.managersofwealth.com/article/38517/pain-for-households-in-south-africa-setting-in-for-the-long-haul 15-year high borrowing costs and elevated inflation have also hit South African consumers. Comment, Analysis & Research IFC Insights News Team Friday, May 17, 2024 1:00 am http://africa.managersofwealth.com/article/38520/ifc-insights Artificial intelligence and other technologies are rapidly shaping all sectors, from health and trade to transport and manufacturing. Comment, Analysis & Research The fastest-growing companies in South Africa News Aggregation Team Thursday, May 16, 2024 1:00 am http://africa.managersofwealth.com/article/38508/the-fastest-growing-companies-in-south-africa Considering that South Africa’s population is growing at around 1.5% per year, the population is living in a per capita recession. Comment, Analysis & Research South Africa unemployment rises to 32.9% ahead of vote News Aggregation Team Wednesday, May 15, 2024 1:00 am http://africa.managersofwealth.com/article/38502/south-africa-unemployment-rises-to-329-ahead-of-vote The unemployment rate hit 32.9 percent between January and March, up by 0.8 of a percentage point on the previous quarter, national statistics agency StatsSA said Comment, Analysis & Research Anglo CEO says BHP bid forced his hand on demerger of South African assets News Aggregation Team Wednesday, May 15, 2024 1:00 am http://africa.managersofwealth.com/article/38503/anglo-ceo-says-bhp-bid-forced-his-hand-on-demerger-of-south-african-assets As a pre-condition for its bid, rejected twice by Anglo, BHP had requested that Anglo exit its platinum and iron ore units in South Africa, drastically reducing its presence in the country. Comment, Analysis & Research Why is the Platform necessary? News Team Tuesday, May 14, 2024 1:00 am http://africa.managersofwealth.com/article/38494/why-is-the-platform-necessary The trade gap is at least $90 billion per annum. Comment, Analysis & Research South Africa's Absa Group taps Chinese market with Beijing subsidiary News Aggregation Team Monday, May 13, 2024 1:00 am http://africa.managersofwealth.com/article/38487/south-africaamp039s-absa-group-taps-chinese-market-with-beijing-subsidiary The subsidiary is designed to provide non-banking services including consulting services for Chinese enterprises investing in Africa and releasing research reports. Comment, Analysis & Research Nigeria's FG’s tax cheer News Aggregation Team Tuesday, May 21, 2024 1:00 am http://africa.managersofwealth.com/article/38537/nigeriaamp039s-fgamprsquos-tax-cheer There are of course many who have a negative view of taxatio Tax It took taxpayers in South Africa 141 days to pay for government in 2024 – now you’re ‘free’ News Aggregation Team Monday, May 20, 2024 1:00 am http://africa.managersofwealth.com/article/38525/it-took-taxpayers-in-south-africa-141-days-to-pay-for-government-in-2024-ampndash-now-youamprsquore-amplsquofreeamprsquo Put another way, this means that the average South African taxpayer has had to work 141 days to pay their taxes in 2024. Tax How to get your money out of South Africa News Aggregation Team Monday, May 13, 2024 1:00 am http://africa.managersofwealth.com/article/38491/how-to-get-your-money-out-of-south-africa South Africa’s tax system is residence-based, meaning residents pay taxes on global income. Tax Tax obligations: A warning for foreigners and expats purchasing property in South Africa News Aggregation Team Thursday, May 02, 2024 1:00 am http://africa.managersofwealth.com/article/38438/tax-obligations-a-warning-for-foreigners-and-expats-purchasing-property-in-south-africa South Africans who financially emigrated and relinquished their SA tax residency and tax numbers on their way out will face a few hurdles Tax PwC marks decade of strategic consulting News Aggregation Team Thursday, April 25, 2024 1:00 am http://africa.managersofwealth.com/article/38416/pwc-marks-decade-of-strategic-consulting It was also to help clients translate this advice into tangible actions by marshaling PwC’s diverse community of solvers. Tax Critical tax deadline fast approaching – a first for South Africa News Aggregation Team Thursday, April 18, 2024 1:00 am http://africa.managersofwealth.com/article/38372/critical-tax-deadline-fast-approaching-ampndash-a-first-for-south-africa The annual third-party data submission season starts in April and closes on 31 Tax Sars knows what’s happening in your bank account News Aggregation Team Thursday, April 18, 2024 1:00 am http://africa.managersofwealth.com/article/38373/sars-knows-whatamprsquos-happening-in-your-bank-account Discrepancies between declarations and deposits may result in additional tax and penalties. Tax 35 illegal tax collectors facing prosecution, says Benue IRS News Aggregation Team Tuesday, April 16, 2024 1:00 am http://africa.managersofwealth.com/article/38353/35-illegal-tax-collectors-facing-prosecution-says-benue-irs Agena lamented the activities of illegal tax collectors in the state, noting that most of them had the backing of prominent individuals. Tax Important Vat principles clarified in Capitec case News Aggregation Team Monday, April 15, 2024 1:00 am http://africa.managersofwealth.com/article/38345/important-vat-principles-clarified-in-capitec-case Capitec borrows money as part of its business. Tax Government won’t overburden Ghanaians with taxes – Finance Minister News Aggregation Team Monday, April 15, 2024 1:00 am http://africa.managersofwealth.com/article/38348/government-wonamprsquot-overburden-ghanaians-with-taxes-ampndash-finance-minister He indicated that there was an urgent need to increase revenue in line with the implementation of the $3 billion loan-support programme Tax 136% of 2023 FX inflows recorded in three months – Cardoso News Aggregation Team Friday, May 24, 2024 1:00 am http://africa.managersofwealth.com/article/38565/136-of-2023-fx-inflows-recorded-in-three-months-ampndash-cardoso The CBN has been issuing a flurry of circulars on the forex market in a bid to sanitise the system. Regulation,Tax & Compliance Business diplomacy and Africa’s development News Aggregation Team Wednesday, May 22, 2024 1:00 am http://africa.managersofwealth.com/article/38549/business-diplomacy-and-africaamprsquos-development Rwanda is hosting it for the second time since its maiden edition, held in Geneva 10 years ago. Regulation,Tax & Compliance Central Bank of Nigeria officially withdraws cybersecurity levy News Aggregation Team Tuesday, May 21, 2024 1:00 am http://africa.managersofwealth.com/article/38536/central-bank-of-nigeria-officially-withdraws-cybersecurity-levy This was disclosed in a circular to different categories of banks on Sunday evening Regulation,Tax & Compliance OSP and CAGD unearth GH¢2.8m payroll fraud News Aggregation Team Tuesday, May 21, 2024 1:00 am http://africa.managersofwealth.com/article/38540/osp-and-cagd-unearth-ghampcent28m-payroll-fraud In addition, further savings are anticipated in subsequent years, along with potential upward compensation adjustments, because of the OSP’s joint inquiry into those unearned salaries. Regulation,Tax & Compliance CBN, SEC fine banks N678m News Aggregation Team Monday, May 20, 2024 1:00 am http://africa.managersofwealth.com/article/38532/cbn-sec-fine-banks-n678m The regulators that sanctioned the affected financial groups were the Central Bank of Nigeria, the Securities and Exchange Commission, the National Insurance Commission, the NGX Regulation Limited, FMDQ and the National Pension Commission. Regulation,Tax & Compliance IMF Ghana programme blamed for cedi’s decline News Aggregation Team Monday, May 20, 2024 1:00 am http://africa.managersofwealth.com/article/38528/imf-ghana-programme-blamed-for-cediamprsquos-decline That situation prevented the Bank of Ghana (BoG) from entering the foreign currency market to stabilise the cedi. Regulation,Tax & Compliance Nigeria court rules Binance executive can face trial on behalf of crypto exchange News Aggregation Team Monday, May 20, 2024 1:00 am http://africa.managersofwealth.com/article/38530/nigeria-court-rules-binance-executive-can-face-trial-on-behalf-of-crypto-exchange Binance and executives Gambaryan, a U.S. citizen and head of financial crimes compliance, and British-Kenyan national Nadeem Anjarwalla, a regional manager for Africa, face four counts of tax evasion Regulation,Tax & Compliance 6 more laws sent to Ramaphosa to sign News Aggregation Team Friday, May 17, 2024 1:00 am http://africa.managersofwealth.com/article/38518/6-more-laws-sent-to-ramaphosa-to-sign The bill seeks to enhance energy security by diversifying energy production and expanding access to electricity. Regulation,Tax & Compliance EBRD approves membership of Kenya and Nigeria News Team Friday, May 17, 2024 1:00 am http://africa.managersofwealth.com/article/38523/ebrd-approves-membership-of-kenya-and-nigeria The applications of Kenya and Nigeria also included requests to become recipients of EBRD financial and advisory services, which the Bank will address once the statutory amendments are in force. Regulation,Tax & Compliance Ghanaians benefit from US-funded Power Africa Programme for clean and affordable energy News Aggregation Team Thursday, May 16, 2024 1:00 am http://africa.managersofwealth.com/article/38512/ghanaians-benefit-from-us-funded-power-africa-programme-for-clean-and-affordable-energy The release indicated that since 2019, WAEP has expanded supply and access to clean, affordable, and reliable grid-connected electricity in 23 countries in West Africa. Regulation,Tax & Compliance New R18 billion ‘city’ in South Africa gets the green light News Aggregation Team Friday, May 24, 2024 1:00 am http://africa.managersofwealth.com/article/38561/new-r18-billion-amplsquocityamprsquo-in-south-africa-gets-the-green-light The commission believes that the proposed transaction is unlikely to lessen or prevent competition in the market and recommended that the Tribunal unconditionally approve it. ESG How Banks Are Leading The Way In Green Energy Transition News Aggregation Team Thursday, May 23, 2024 1:00 am http://africa.managersofwealth.com/article/38550/how-banks-are-leading-the-way-in-green-energy-transition Banks must plan, execute, and track ESG goals to maintain long-term sustainability and access global funding lines that require clean energy compliance. ESG Ghana told to industrialise before investing in solar andother renewables News Aggregation Team Friday, April 12, 2024 1:00 am http://africa.managersofwealth.com/article/38339/ghana-told-to-industrialise-before-investing-in-solar-andother-renewables Mr Amoako-Baah said the country required “conventional plants” as baseload to guarantee reliable supply of power for industries. ESG China could drive Africa's renewable energy revolution, report says News Aggregation Team Wednesday, April 03, 2024 1:00 am http://africa.managersofwealth.com/article/38277/china-could-drive-africaamp039s-renewable-energy-revolution-report-says Beijing has emerged as the continent's biggest bilateral trading partner since the start of the century and has financed billions of dollars worth of large-scale infrastructure projects ESG Austrian expertise in renewable energy could benefit Africa News Team Wednesday, March 20, 2024 12:00 am http://africa.managersofwealth.com/article/38210/austrian-expertise-in-renewable-energy-could-benefit-africa The meeting was attended by the Bank Group’s Executive Director for Austria, Japan, Saudi Arabia, Brazil and Argentina Takaaki Nomoto. ESG Firm offers six simple climate solutions for Nigeria News Aggregation Team Wednesday, March 13, 2024 12:00 am http://africa.managersofwealth.com/article/38166/firm-offers-six-simple-climate-solutions-for-nigeria Interestingly, in 2023, some of the States in Nigeria were involved in tree-planting initiatives ESG Electricity needs in Africa require infrastructure investment News Team Thursday, March 07, 2024 12:00 am http://africa.managersofwealth.com/article/38139/electricity-needs-in-africa-require-infrastructure-investment The ECA has therefore been working with African countries to enhance their PPPs for infrastructure development and industrialisation. ESG South African solar startup raises R150 million in funding News Aggregation Team Tuesday, February 27, 2024 12:00 am http://africa.managersofwealth.com/article/38085/south-african-solar-startup-raises-r150-million-in-funding South Africa has been facing a crippling energy crisis, as issues at state-owned power utility Eskom have caused the country to face daily blackouts. ESG German fund offers Sh42bn grant for Africa hydrogen projects News Aggregation Team Monday, February 19, 2024 12:00 am http://africa.managersofwealth.com/article/38034/german-fund-offers-sh42bn-grant-for-africa-hydrogen-projects Green hydrogen derivatives include green ammonia used as a feedstock for fertiliser production or as an energy carrier ESG CaixaBank, leading bank on Sustainable Finance in EMEA in 2023, according to the Refinitiv ranking News Team Friday, February 16, 2024 12:00 am http://africa.managersofwealth.com/article/38022/caixabank-leading-bank-on-sustainable-finance-in-emea-in-2023-according-to-the-refinitiv-ranking Sustainability is a pillar of CaixaBank’s 2022-24 Strategic Plan. ESG