Managers of Wealth Africa

What South Africa needs to do to avoid a downgrade

The close shave should be an opportunity for government and all stakeholders to step back and reflect on the averted economic calamity.

Understanding the stock market in East Africa

Basically, it is the total value of the companies listed on an exchange.

Citi Awarded Top Ranking in Global Investor/ISF Custody Survey

The survey’s results are based on feedback provided by asset managers and banks who rated their custodians across 18 categories.

Does Somaliland Need Islamic Banking System or Dual Banking System?

It has no formal banking sector and its people rely heavily on remittances from Diaspora communities in Europe, North America and the United Arab Emirates, as there no loan facilities.

2015 was a record year for private equity investments in South Africa

The survey suggests that a substantial majority of the funds raised during 2015 (75.9%) were from South African sources, and largely by independent fund managers from third-party investors for late-stage investment mandates.

Wealth in the Middle East and Africa region is set to reach $11.8 trillion

This sixteenth annual study by BCG outlines the evolution of private wealth from both a global and regional perspective, addresses key industry trends, and explores evolving client needs--particularly those of underserved, nontraditional segments such as

Ghana Names 15 Banks as Primary Dealers in Government Bonds

Only lenders licensed by the Securities and Exchange Commission and appointed by the central bank will participate in auctions to purchase government debt for their own account and trading purposes, Bank of Ghana said Tuesday in a statement on its website

Brexit could hurt South Africa’s GDP growth, Kganyago says

Gross domestic product probably expand at the slowest pace since a 2009 recession this year, according to the central bank.

80% of Foreign Investment In Mauritius Is Real Estate

In the first quarter of 2016, 80 percent of foreign direct investment was in Mauritius real estate, according to Bloomberg.

The impact of Brexit on Africa

Besseling analyses the impact of an eventual ‘Brexit’ on three of the UK’s most important African markets: South Africa, Nigeria, and Kenya.

Brexit will be terrible for Africa’s largest economies

The UK’s minister for Africa and advocate for leaving, James Duddridge, has promised that relations with the continent would only improve without the burden of the EU, but Africa’s largest economies are still likely to suffer.

Barclays, Old Mutual May Feel EU Waves

Barclays Africa has not found another buyer yet, which may lead to Barclays negotiating for a cheaper price," MyWealth Investments CEO Devin Shutte said.

Zimbabwe: Sealing the Cookie Jar for Collective Interest

Zimbabwe's state enterprises, widely entangled in abuse, opacity and under performance, come across as a millstone.

Global Challengers and Champions Defy Tough Times and Keep Growing

BCG Identifies 100 Large, Ambitious Companies From Emerging Markets and Nearly 1,500 Smaller, Faster-Growing, and More Profitable Ones

Guptas move to buy South African bank

The move follows a total shutdown of Gupta accounts by every major South African bank in the past six months.

Bots’ central bank warns of effects of unemployment

Conversely, the bank says, reducing unemployment through creating sustainable job opportunities supports inclusive growth, rising living standards and social stability.

Africa's consumer market promising - BCG Report

The study noted that distribution networks of goods and services was improving through the development of modern stores and access to telecommunications and the internet.

African Banks Scale Back Expansion As Commodity Prices Rout Bites

The downturn in oil and mineral prices has battered many African currencies, slowed some economies and forced change in the banking sector.

Can SA banks legally deduct from social grants?

SASSA alleges that regulations issued in terms of the Social Assistance Act don't allow for the authorisation of debit orders on social grant monies

Mobile money to power Africa financial growth: study

The "high cost to serve and low margins of traditional bank accounts in Africa" are the main reasons for the oversight.

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