Managers of Wealth Africa

World Bank projects 13mln more Nigerians will fall below poverty line by 2025

This, according to the Bretton Wood institution is due to the country’s population growth outpacing poverty reduction

Shaky ground for investors in South Africa

This normalisation of interest rates has had a profound impact on the market since 2022, and we have been cautioning investors to expect this volatility for some time now,” she added.

Why there is good reason to be positive on South Africa

South Africa is beset by long-term and near-term challenges, most notably an ongoing power crisis, but we think that it’s not all doom and gloom for investors in the country.

Rand punches up – but remains on the back foot

Investec’s chief economist Annabel Bishop said that the rand reacted positively to dimming sentiment for US growth and its banking system.

Government was warned this would happen

The old adage of “too many cooks in the kitchen” is ringing true in South Africa, as the country now has three – even up to five – ministers that now govern or have some say in the energy sector and embattled power utility Eskom in

In a bid to make banking more digital-first, are we leaving the unbanked behind?

Are we as bankers so blinded by the bright lights of the digital realm that we can no longer see the needs of the unbanked?

Absa’s top executives’ massive payday – earning a collective R207 million

Return on equity (RoE) improved to 15.6% from 14.6%, and net asset value (NAV) per share grew by 4% to 16,255 cents.

Dark clouds gather for businesses in South Africa

84% of lenders in South Africa are pessimistic about growth, an increase from 69% last year.

Investors undervalue banks despite increased earnings

Analysis of lenders’ price-to-book valuations –which indicates the value that market participants attach to a company’s shares relative to its net assets

Best credit card deals in South Africa

Nedbank and Standard Bank offer credit cards with the lowest management fees at R40 per month.

South Africa the biggest loser among major economies

As announced in March, the IMF has cut South Africa’s GDP growth outlook to a paltry 0.1% for 2023, showing that the country is flirting with a full-year recession.

Reserve Bank isn’t winning many friends with new proposal

Proposed changes include structural reforms, deregulation of the nation’s transport and electricity sectors, lowering the inflation target and a shift back to predictable, transparent fiscal policy rules.

The sector standing strong in South Africa’s storms

The bank collapsed mainly due to the US Federal Reserve’s (Fed’s) aggressive interest rate hikes over the last year, which crippled financial conditions in the startup environment in which SVB was a notable player.

South Africa's Gupta extradition bid from UAE fails

Some of the paperwork was either incorrect, in the case of the fraud charge, or missing, in the case of the corruption charge, the statement adds.

South African households are in trouble

The hike marked the ninth consecutive increase since the start of the rate cycle in November 2021. Rates are currently at their highest point since the year of the global financial crisis.

African Development Bank facilitates 3rd Structured Dialogue Platform meeting in Harare on Zimbabwe Arrears Clearance and Debt Resolution process

The next structured dialogue platform meeting will take place in Harare in late April/early May and will be followed by a high-level debt resolution forum meeting on the 11th of May.

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