Managers of Wealth Africa

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.

South Africa going from zero to hero

S&P said that the government of national unity (GNU) can make a marked different though, especially if its planned acceleration of economic reforms can be delivered.

South African banks shrinking branches

Apart from meeting increased usage of digital channels to conduct transactions, these banks have also looked to reduce their operating costs and increase their capital efficiency.

Why wage inequality matters

New legislation empowers shareholders to limit outrageous CEO remuneration.

Alarming trend emerging for South Africans who earn more than R35,000 per month

Consumers applying for debt counselling in this period allocated an alarming 66% of their take-home pay to servicing debt.

Big turn for unemployment in South Africa

This led to 214,000 in the not economically active population to 16.5 million.

Why South Africa is the most expensive country for international money transfers

Given the relative weakness of the rand against other major currencies, such high costs mean that South African individuals and businesses are doubly penalised.

Work hour shock for South Africa

This is according to data visualised in the latest Nedbank Pulse, which examines which country’s workers produce the most GDP per hour worked.

Regency Alliance Insurance Announces N6.017 bn Premium

The company, said its insurance revenue surged to N6.083 billion, showing 21.11 percent growth and an increase of N1.060 billion compared to the previous year.

The implications of a higher CoHD

Consequently, the World Bank has urged the Nigerian government to increase funding for nutrition programmes, highlighting the potential for significant economic returns.

South Africa’s credit rating could take a turn

GDP has expanded by an average of less than 1% over the past decade.

Business Talk – Standard Bank’s Bessy Mahopo reveals the new technologies reshaping South Africa’s banking industry

She details what these new technologies are, and how they provide value to the banking industry.

A steady rise in pension assets

This pales in comparison with the World Bank’s (2020) global average estimate of 29.4%.

New Podcast: Trends in Gulf Family Offices

In this episode Faizal and Daniel discuss how Gulf based families are choosing to structure their wealth, and which of Jersey’s wealth management products they are choosing and why.

Standard Bank CEO’s R1.32 trillion problem with credit-ratings agencies

Tshabalala cited the examples of South Africa and Denmark, which, despite having similar institutions, policies, and processes, have divergent ratings

The 13th month pay: A New Year’s gift for Ghanaian workers

The concept of a 13th month pay—an additional salary—felt like a distant dream in a country like Ghana, where economic challenges loomed large and opportunities seemed limited.

R2,028 per month double-blow to households in South Africa – and it gets worse

These hikes have consistently exceeded inflation, with electricity prices rising almost five times faster and water prices increasing almost six times faster.

Hammer blow for middle-class South Africans earning R25,000 per month

In this challenging economic environment, salary growth has struggled to keep up with inflation and other rising costs.

Headline inflation resumes upward trend

The uptick in consumer prices was primarily due to higher energy costs

Financial pressure eases in South Africa – But there is a catch

By dropping the repo rate, the SARB has effectively reduced the cost of repaying debt like home loans, vehicle finance, personal loans, credit cards, and more.

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