Managers of Wealth Africa

No interest rate cuts soon despite inflation drop

The BoB last week said it expects inflation to remain within the three to six percent objective range going into the medium term.

SA could hit Reserve Bank’s inflation target sooner than expected: economist

Consumer inflation in South Africa was reported at 0.2% – lower than the anticipated rate of 0.4%, as predicted by analysts.

Interest rate relief back on the menu for South Africa

Inflation in May tracked lower despite an increase in petrol prices.

A period of remarkable achievements

Ekra joined the Bank in 1996 as Executive Vice-President

The most expensive bank accounts in South Africa – and how much you need to earn to qualify

Despite the decline in wealth levels in South Africa, many banks still offer accounts for the super-wealthy in the country.

How South Africans living overseas can claim their inheritance

The three scenarios depend on the statuses of the beneficiaries.

Aig-Imoukhuede: The Story of an Investor, Banker, Philanthropist

In the annals of Nigeria’s financial landscape, it is rare to find individuals who possess a track record of monumental achievements and yet remain humble and self-effacing.

‘Continuous training vital to employees’ growth’

"To sustain their market position, organisations must thoroughly evaluate their investments in employee reskilling, recognising its significance and impact on their competitiveness."

How Patrick Njoroge sought to shift power to the customer

He believed all customers deserved to be given upfront full information of any loan product they were taking so as to vote with their feet whenever they felt dissatisfied.

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

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