Managers of Wealth Africa

Islamic banking largest sector, contributing to 71pc of industry’s assets

Global Sukuk outstanding surged by a record 25.6% to close at USD 399.9 billion as at end 2017

We’re targeting 30m contributors by 2024 with micro pension- PenCom boss

The Micro Pension Plan is set to include the self-employed and persons working in organizations with less than three employees.

How can Africa solve its capital flight problem?

Such high levels of capital outflows and lost revenues deprive African governments of the ability to mobilise domestic resources and have a material impact on economic development.

Angolan banking system is “lacking” in the prevention of money laundering

Florentino, who at the conference spoke on “Supervisory action of banking financial institutions in the field of money laundering prevention,” underlined that there is still “inadequate diligence in the Angolan banking system.”

Eskom mess could dump SA back into recession this year

The bank may have to adjust its forecast of a 1.3% growth in gross domestic production this year, up from 0.8% last year, partly based on the election of Cyril Ramaphosa to head the ruling African National Congress party last December.

South Africa's February inflation tame, central bank to keep rates pat

Headline consumer inflation quickened to 4.1 percent year on year in February from 4.0 percent in January, while on a month-on-month basis prices rose 0.8 percent after falling 0.2 percent a month before, Statistics South Africa said on Wednesday.

How South African startups are solving informal sector problems [Opinion]

Not all startups have that Silicon Valley mentality.

Why South Africa’s new expat tax is fair: expert

Until now, these individuals were exempt from paying tax in South Africa, despite enjoying the benefits of their families living in the country, she said.

The economy is on the ropes, and it will force a change in SA

South Africa made use of financial experts in Switzerland to find money on a daily basis as sanctions hurt.

From Rags to Riches: A Woman's Vision for Green Africa

Brenda originally started focusing on eye wear, but soon she saw the tremendous business opportunities with the infrastructure boom in Africa

Negative `jaws’ bite South African banks battling rising costs

That’s why many lenders are looking to the rest of Africa, but home is still where the money lies.

Oil and gas find could help SA set up sovereign wealth fund, says Mantashe

Mantashe told members that while more information still needed to emerge about the potential of the find for the South African economy, he was confident that it could reduce South Africa’s exposure to international oil price volatility.

What the collapse of a major bank says about the rise of Kenya’s powerful social media spaces

According to the Central Bank, social media was definitely an accessory to the attempted murder

Open banking to transform East Africa’s digital financial services

It paves the way for improved customer experience and greater transparency in banking.

How digital banking can backfire for African banks

Kenya is an acknowledged leader in digital banking due to its development of mobile money

'We like competition' – FNB CEO on new entrants in banking sector

In late 2018 a host of new or refurbished banks started entering the SA market, including TymeDigital, Bank Zero, Discovery Bank, Postbank and African Bank.

SA’s banks struggling to grow revenue ahead of costs

This is showing just how tough the South African environment has been

Absa restructure won't cause job losses

Absa said yesterday that in April 2018 it announced a new group operating model that began to align the organisation with its new corporate strategy.

Black junior managers in banks rising

Basa commissioned Intellidex, a leading South African capital markets and financial services research house to conduct the report that also considered the progress made between 2016 and 2017.

Retirement education: isn’t this a life skill?

People who understand how to create their own wealth have motivation to optimise it.

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