Managers of Wealth Africa

The average take-home pay in South Africa right now

The latest figure comes at a time when the persisting load shedding, rising cost of living and protracted strike action by Transnet workers during October impacted the economy.

‘World Bank report reveals why Nigeria needs Atiku’

The PUNCH had in an earlier report, quoted Alex Sienaert, World Bank’s lead economist for Nigeria, as saying that in 2023, debt servicing will gulp 123.4 per cent of the country’s total revenue.

The resurrection of African Bank

Under new CEO Kennedy Bungane the institution plans to list by 2025 as a lender ‘for the people, by the people, serving the people’

Kenya’s economic growth to slow to 5% next year, World Bank says

Ruto rode into office in September on the promise of alleviating high costs of living for citizens, which could put pressure on the budget, the bank said.

Kenya won’t be able to recover more than $12bln from taxpayers - KRA

Revenue authority plans measures to reduce piling uncollected revenue

Nedbank says demand for credit has increased despite rising interest rates

The bank said its interest-earning assets increased by "mid-single digits" thanks to selling more loans.

Blue economy: Nigeria must formulate policies that guarantee investment

The Summit, which is a major maritime event in the year, was themed “Igniting the Blue Economy in Nigeria”

Rand takes a tumble with Ramaphosa on the brink

Local unit weakens as much as 4% as market reacts to political instability after Phala Phala report

Growth in diaspora remittances to Nigeria, other SSAs slows — World Bank

Remittance out turns will depend on the balancing of increasing needs for support from the African overseas labor force, and the availability of incomes in host countries to be remitted.

Industrial revolution plan to boost manufacturing, says Adebayo

He added that industries thrive locally when they compete on a global platform urging stakeholders in the sector to team up with the government to ensure that Nigeria becomes a global player.

Insurers fight for actuaries ahead of accounting change in January

Industry experts say small insurers are struggling to retain and hire actuaries due to higher costs associated while multinationals have also been faced with the exit of their employees.

What it will take for the Reserve Bank to stop hiking rates

While this position by the central bank means indebted consumers are likely to remain under pressure in the medium term, the situation is not without its positive news.

New report by African Development Bank, partners finds that 37 African countries have industrialized in last decade

Top performers not necessarily those with the biggest economies, but countries that generate high manufacturing value-added per capita

Nigeria’s GDP Growth Slows to 2.25% in Q3 2022

The results show that the third quarter’s growth was lower than the second quarter’s growth of 3.54 percent and the same quarter’s growth of 4.03 percent from the previous year.

Black ownership in banking sector remains low

In a world of borderless financial markets and open economies, the financial sector was rightly identified as the nerve centre of the post-apartheid economy.

Nigeria’s N500TRN Insurance Industry

This implies that if potential customers can appreciate the true value of the sector, it will automatically lead to more widespread acceptance. A

Signature Bank eyes over 40m unbanked Nigerians

Statistics has it that more than 42 million people in Nigeria have no access to financial services.

What Top Chief Executives in Nigeria Earn

Obinna Chima highlights findings from a new report on the compensation of top chief executive officers in the country

Capitec ‘hit squad’ scored millions – and is getting away with it

Viceroy gained some prominence and credibility through its reports on Steinhoff

Big Four fees push businesses to mid-size accounting firms

Ms Danasamy added a majority of the 63 firms listed on the Nairobi Securities Exchange are audited by major accounting firms.

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