Managers of Wealth Africa

Big changes to working hours in South Africa

The QLFS report showed that the labour market deteriorated in the second quarter of 2026, with employment falling and unemployment increasing.

The province in South Africa that had the biggest increase in unemployment

This change has pushed the official unemployment rate up to 32.7%, while a broader measure of labour underutilisation has reached 46.3%.

The Horn Of Africa States: Islamic Banking And The Region Turning Turbulence Into Opportunity – OpEd

Global Islamic banking is no longer a niche corner of the financial world reserved for the Gulf and a handful of Southeast Asian economies.

Nigerian billionaire Femi Otedola has spent about $300 million buying bank shares this year raising his First HoldCo stake to 26% as he targets a 51% majority takeover

Otedola has spent about $300 million buying First HoldCo shares in 2026, lifting his stake from 5.65% before becoming chairman to 26.1%.

Mozambique Public Debt Reaches 74.7% of GDP in 2025

The report attributes this deterioration to post-electoral shocks in 2024 and extreme weather events recorded in the first quarter, which prompted the government to revise its budget targets and financing strategy.

Mozambique Labour Exports Rise 32% in First Half of 2026

The 11,700 placements recorded in the first half of 2026 therefore mark a year-on-year increase of 32%, reflecting continued growth in the deployment of Mozambican workers to international markets.

Reserve accretion mitigates growing external liabilities

The increase reflects a rise in foreign claims on Nigerian assets relative to Nigerian-owned assets abroad.

Nice surprise could be coming for South Africa

The figure, released this week, was well above the R345 billion achieved in the 2025-26 fiscal year and the 364 billion rand projected in the February 2026-27 budget.

Capitec sounds the alarm over R50.4 trillion gap in South Africa

The average South African income earner has a shortfall of around R3.1 million in death and disability cover.

The 10 most expensive golden visas in the world

Based on an analysis by BusinessDay from data from Henley & Partners, the country’s investment amount tops 47 other countries offering investment migration programs, with four African countries making it to the top ten such as Ethiopia, Mozambiq

Top 10 African countries with the highest interest rates in July 2026

Fearing a massive wave of imported inflation, central banks across the continent have been forced to put their long-awaited rate cuts on ice.

Bad to worse for interest rates in South Africa

While a rise in inflation was expected, projections were lower after the inflation print in May surprised on the downside, coming in cooler than anticipated.

Retirement readiness remains a challenge for most South Africans

FNB Wealth and Investments head of product Samukelo Zwane unpacks the latest Retirement Insights Survey, highlighting low retirement confidence, rising living costs and why many South Africans expect to work for longer.

Softer inflation outlook but headwinds persist

The elevated reading reflected broad-based price pressures across both food and core components.

CAUGHT IN A CASH 22 - Many South Africans still mistrust banks in increasingly digital world

South Africa has made remarkable progress in expanding access to banking over the past few decades.

What billionaire Dangote can teach Africa about financing infrastructure

Panellists at a Standard Bank conference cite the industrialist’s refinery in Lagos as an example of how ambitious projects should be funded.

South Africa’s Newlyn Group Secures Absa Financing for Logistics Expansion

The facility will support the company’s pipeline of infrastructure projects across South Africa and fund development along the country’s main logistics corridors.

World Bank Sets Five Strategic Priorities for Mozambique’s Development

Another priority highlighted by the World Bank is economic diversification.

A wider current account surplus in Q1 ‘26

The improved surplus on the CA was primarily driven by a sharp increase in the trade surplus

Nigeria ranks 55th globally, tops Africa in IMD economic performance

The IMD report, which evaluated 70 economies across economic performance, government efficiency, business efficiency and infrastructure, ranked Nigeria 55th globally on economic performance with a score of 45.2.

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