Managers of Wealth Africa

Kenya’s rich get richer as gap with the poor widens

The KNBS data expose the extent to which wealth distribution is skewed in favour of a tiny clique, with Nairobi having the widest income inequality among Kenya’s devolved units.

Double emigration blow for South Africa – leaving local businesses desperate for critical skills

South Africa does not track emigrants. However, a recent report from the UN showed that 914,901 South Africans were living abroad in 2020, a significant jump from the 786,554 recorded in 2015.

Nedbank slashes SA GDP growth forecast on back of power crisis and weaker rand

The Nedbank group economic unit (GEU) now expects the prime lending rate to remain flat for the rest of 2023 at 11.75% before starting a slow decline in 2024.

Bonn Climate Change Conference: AGN pushes adaptation measures for women and youth

The AGN also advocates the implementation of effective accountability and transparency of climate finance tracking gender-responsiveness funding.

Average salaries in the UK vs South Africa – How much more Brits earn

Considering the popularity of the UK for South African emigrants, BusinessTech decided to compare the average salary across various industries in both countries.

Kenya hits 60 with back-breaking debt

Kenyans were full of hope that their lives would be better than they had been under the four decades of the British rule.

Rand hits a new low after BRICS summit immunity announcement

“FX hedging has become a more sensitive subject, with many now simply looking for safety,”

Short-term pain, but long-term gain for South Africa

Notably, all members of the Monetary Policy Committee (MPC) unanimously voted in favour of the 50 basis point hike.

It should all be downhill from here

According to economists at Nedbank, while rising core inflation – inflation excluding food and fuel – remains a concern

South Africa’s budget has a politics problem

The salary growth for 2024 will be determined based on the Consumer Price Index (CPI) forecast provided by the National Treasury.

South Africans warned to get ready to tighten their belts

As a result of the extra financial burden incoming, Manyike said that households need to formulate a strict budget

What to expect from the Reserve Bank’s interest rate announcement this week

“Unfortunately, the recent exchange rate turmoil has seemingly raised the chances of a 50-basis point increase.”

Banks don’t always read their own terms and conditions

When signing the agreement, it is understood that the customer understands the terms and conditions, including the fees applicable to the account.

The rand’s nose-dive over the past decade

For one, “political and economic uncertainty has significantly influenced the rand in the past 10 years and resulted in the currency seeing a real seesaw.

Collapsed Banks: “Good Bank-Bad Bank” model was better alternative – Dr. Aboagye Debrah

The Banking Consultant said the expectation with this model is that the resulting “good bank” will have restored investor and market confidence

Four counties hold 55pc of all bank branches in Kenya

The four counties combined contribute an average of 43.5 percent to the country’s Gross Domestic Product (GDP), cementing their economic status.

Rentals on the rebound in Joburg as many now opt to rent rather than buy

Many are choosing to rent whilst they ride out this period of uncertainty

Even with a degree, South Africans can’t find a job

South Africa’s 10.6% unemployment rate for graduates is far higher than the 5.5% recorded in Q1 2013 – marking a 5.1% increase over the past decade.

Buyers reignite debate on pricing amid greed claims

A similar debate ensued a few years back when a property worth Sh450 million was listed in the market and the response was at best comical and at worst ridicule.

Final straw for South Africa’s economy: CEO

On top of taking a firm stance against supply arms, BLSA has called for a concerted effort to restore positive relations with the United States.

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