Managers of Wealth Africa

Bad news for people earning more than R15,000 per month in South Africa

The total number of credit-active individuals increased by 1.4% year-on-year, reaching a record high as South Africans turned to credit to manage financial pressures.

An increase in workforce participation

The report also showed that the labour force participation rate rose to 79.5% from 77.3% over the same period, indicating an increase in workforce engagement.

First time in over 10 years that South Africa is looking good

She added that several improvements have boosted sentiment in the country, such as the formation of the Government of National Unity (GNU) and the end of load shedding.

Nedbank seeks to calm nerves of unprepared heirs

People don’t tend to realise philanthropy can benefit them

25 most influential CEOs in South Africa

Yet, these trailblazers manage to drive innovation, financial success, and societal impact.

Acquisition of right tools key to financial inclusion, business growth, says Oradian CEO

Financial inclusion is a state where individuals and businesses have access to financial products and services like savings, loans, easy payment systems and insurance.

PIDA Week 2024: Africa’s scourge of illicit financial flows and infrastructure gaps

South Africa is the largest loser.

Business Talk – Standard Bank’s Thandiwe Legwaila reveals how AI is reshaping digital banking

Legwaila is the Head of Transaction Banking for Standard Bank CIB and has worked at the company for close to 20 years.

Border system impedes Africa’s digital growth – Interswitch

He stressed further that the issue of fraud has also been a major challenge in the technology ecosystem across the globe.

A better sales auction in November

The amount on offer was lower than the NGN180bn offered in the previous auction.

Inflation at four-year low before rate decision

That was slower than the 3% median estimate of 15 economists in a Bloomberg survey.

Savings under pressure in South Africa

The Supreme Court of Appeal (SCA) agreed with the taxman and ruled that the asset manager should pay nearly R800 million in taxes owed.

South Africa going from zero to hero

S&P said that the government of national unity (GNU) can make a marked different though, especially if its planned acceleration of economic reforms can be delivered.

South African banks shrinking branches

Apart from meeting increased usage of digital channels to conduct transactions, these banks have also looked to reduce their operating costs and increase their capital efficiency.

Why wage inequality matters

New legislation empowers shareholders to limit outrageous CEO remuneration.

Alarming trend emerging for South Africans who earn more than R35,000 per month

Consumers applying for debt counselling in this period allocated an alarming 66% of their take-home pay to servicing debt.

Big turn for unemployment in South Africa

This led to 214,000 in the not economically active population to 16.5 million.

Why South Africa is the most expensive country for international money transfers

Given the relative weakness of the rand against other major currencies, such high costs mean that South African individuals and businesses are doubly penalised.

Work hour shock for South Africa

This is according to data visualised in the latest Nedbank Pulse, which examines which country’s workers produce the most GDP per hour worked.

Regency Alliance Insurance Announces N6.017 bn Premium

The company, said its insurance revenue surged to N6.083 billion, showing 21.11 percent growth and an increase of N1.060 billion compared to the previous year.

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