Managers of Wealth Africa

Persistent inflationary pressures

The elevated reading reflected an acceleration in the food and core readings

South Africa's banks need to get better at cost controls

Progressive banks that drive costs down sustainably focus on ideas implementation and prioritisation – thus a high-velocity pipeline that delivers results

South Africans are living in recession

Economic growth was flat in the last quarter of 2023.

A net surplus on the financial account

According to the recently released BOP data, the financial account recorded a higher net surplus of USD3.7bn in Q3 ’23

Marked y/y growth in private sector credit

The PSCE/GDP ratio has also moved close to the sub-Saharan Africa average of 35.8%, according to World Bank Data.

Inflation hits Nairobi's higher income households hardest

A majority of Nairobi households are described as low-income while an additional 25 percent of homes in the capital city fall under the middle-income group.

South Africans are poorer than they were in 2006

Although this level of growth seemed unattainable at the start of 2023 amidst heightened load shedding, it is still minimal and won’t result in any meaningful change for the country or its citizens.

African trade less than 3% despite AfCFTA – Report

The report by the Economic Commission for Africa showed that African nations still engage in more trade with countries outside the continent than with each other.

Roger Delves: Nigerian Executives Need Emotional Intelligence to Succeed in Turbulent Times

Building trust remotely takes longer than building trust in a live environment, and it is more difficult and takes longer to build the concept we call psychological safety.

Ghanaian Banks’ Profits Help Capital Recovery After Sovereign Default

Together with the capital-raising initiatives encouraged by the Bank of Ghana (BoG), this will continue to support the recovery in capitalisation.

Interest rate cuts in South Africa face another hurdle

While this sentiment feeds into the “higher for longer” narrative around interest rates in the US – and, subsequently, South Africa – most market analysts still expect the rate-cutting cycle to start in July.

Increasing dominance of self-employment in Nigeria

The trend indicates growing entrepreneurial activity and a diminishing reliance on traditional employment

Herbert Wigwe and the story of Nigerian banking

They complained that Nigerians were charged higher rates of interest when they managed to get loans and that they were third in the pecking order after European and Levantine traders.

54% of women in Middle East and North Africa region lack understanding of investments, survey reveals

As an increasing number of women emerge as business leaders in the MENA region, there is evident proof of women becoming more astute and actively engaged in decisions related to their financial well-being.

Investment in tech needed to build trust in banking sector, says Uzoma Dozie

According to the 2022 Edelman Trust Barometer, developed countries lacked economic optimism, signalled by distrust in central banks and financial services.

Fitch rates Nigerian banks stable

Fitch affirmed the banks’ ratings of Long-Term IDR at ‘B-’ as well as the National Long-Term Ratings with Stable Outlooks.

South Africa’s new two-pot retirement system – the crucial points you need to know

Another purpose of the system is to provide South Africans with a means to access short-term savings in emergency situations.

A marked rise in headline inflation

The country’s headline reading has maintained an upward trajectory since Dec ’22

South Africa just muddling along

Although inflation encouragingly moderated to 5.1% in December, some near-term upward pressures will lead to a short-term downward trend in the inflation indicators

Many of Ghana’s laws are outmoded – Prof. Atuguba

He said since the laws, including the Bills of Exchange Act, 1961 (ACT 55), were passed years ago, there had been significant developments which required that new laws were passed to align with current trends but that had not been done.

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