Managers of Wealth Africa

Bosses realise most meetings are a waste of time and money

Survey shows many Zoom calls and project updates could disappear without any negative effect

Brace for higher inflation numbers this month: Absa

Forward-rate agreements, used to speculate on borrowing costs, show traders are pricing in a 25 basis-point increase.

South Africa is in trouble

While market consensus expected South Africa’s Q4 data to show a contraction of 0.4% for the period, the final figure came in at -1.3%.

I am not leaving, says Safaricom CEO Ndegwa amid departure speculation

But the career manager who built a 25-year reputation around the world as a turnaround artist said he is “not worried” about his future at the company, and so he will not be drawn into the speculative debate about his tenure.

The blows keep coming for South Africa

The current-account gap and the budget shortfall, which the Treasury sees narrowing to 4% of GDP in the fiscal year through March 2024

Top banking CEO on South Africa: ‘This can’t continue’

Network infrastructure – mainly provided by state-owned monopolies and needed to enable higher levels of GDP growth

New branch to get your Smart ID and passport in South Africa launches today – more coming soon

During his response to the State of the Nation Address on 17 February, home affairs minister Motsoaledi said that people would soon be able to get their passports and smart IDs at select malls.

Government giving businesses in South Africa the cold shoulder

Mavuso said that recent efforts from the Presidency and the National Treasury to unlock economic reforms have racked up a handful of achievements

The world's ultra-rich lost about $14 trillion of their wealth in 2022, Knight Frank study shows

The London-based real estate consultancy surveyed 500 private bankers, wealth advisors, and family offices who manage over $2.5 trillion in collective wealth for ultra-high net worth individuals.

Kenyan bank where walk-in customers are forbidden

Back in Kenya, he worked briefly in the banking sector before an opportunity arose. Around 1985, a group of churches in Kisumu came together.

Kenya’s super rich return offshore cash in rare move

Globally, ultra-high net worth individuals (UHNWIs) saw their fortunes slashed by 10 percent on average

SARS is making South Africa more like Switzerland

The group said South Africa is becoming increasingly tax-friendly for foreign business.

The average take-home pay in South Africa right now

Inflation reached a 13-year high of 6.9% in 2022, and is forecasted to average at around 5.7% in 2023.

World Bank projects that East Africa will get richer under African Continental Free Trade Area

Real income will rise by 11.8%, 3.8%t, and 3.6% in Kenya, Uganda, and Rwanda, respectively.

Major red flags for South Africa’s $8.5 billion energy deal

Mavuso said that these allegations could spook the nations involved in the deal.

Group strengthens ties with BoI

The BOI Team, led by its Managing Director/Chief Executive Officer, Mr Olukayode Pitan, included its Executive Directors, Simon Aranonu; Usen Effiong; and Chief Risk Officer, Dr. Ezekiel Oseni among others.

Demand for these job skills is dropping fast in South Africa

“Year-on-year, however, hiring activity increased by 3% between January 2022 and January 2023,”

Global debt declines by $4tn in 2022 on stronger growth and inflation

Retrenchment driven 'entirely by mature markets' where total debt dropped to about $200 trillion last year, the Institute of International Finance says

How rich Africans grew wealth in 2022 – Report

The survey also showed that 14 per cent of UHNWIs in Africa are planning to invest directly in commercial property in 2023, and another 13 per cent indirectly through REITs or debt funding.

Return on savings below inflation first time in 5 years

This means that the savings will buy fewer goods and services in the economy

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