Managers of Wealth Africa

Innovative financial solutions needed to help South African workers in debt

Mkwebu states, “The burgeoning weight of loans and debt has taken its toll on a significant portion of our working class."

South Africa's consumer confidence drops in fourth quarter - survey

The consumer confidence index, sponsored by the First National Bank (FNB) and compiled by the Bureau for Economic Research, fell to minus 17 points

Household demand still fragile despite growth in Q2 ‘23

It also highlights the fragility of household demand

Modest m/m growth in DMBs credit extension

The modest credit growth q/q can be attributed to banks' tighter risk management framework

Lower imports drives m/m rise in net trade surplus

The total merchandise trade comprised of an export trade value of USD4.8bn

New hate speech laws for South Africa head to Ramaphosa to be signed

Hate speech is defined as the intentional publishing of anything that can incite or promote hate.

Ghanaians should applaud us for saving the economy — BoG boss Addison tells Ghanaians

He said that in the 2020 pandemic, the central bank supported the financing of the budget to protect lives and livelihoods.

Trouble brewing for South Africa

This was partially due to a slump in industrial production, which makes up just shy of 20% of GDP.

A q/q improvement in the trade surplus

Although the value of merchandise exports dropped by -3% q/q to USD13.9bn

Services underpin modest GDP growth

We exclude those sectors representing less than 1% of constant price GDP and remind our readers that the data series is not seasonally adjusted.

Modest y/y growth in Q3 ‘23

The expansion marks the twelfth consecutive quarter of growth.

A lower fiscal deficit in Q2 ‘23

However, the figure was slightly higher than the fiscal deficit of -NGN2.2trn recorded in the year-earlier

Mozambique’s State Owned Companies Are the Biggest Financial Risk – World Bank

The report, entitled ‘The Business of the State’, reviews the operational context of companies owned by countries or in which the state has a stake of more than 10 per cent

More signs of trouble for South Africa

“All of these are in real – adjusted for inflation – terms.”

Nigeria’s power crisis worsened by gas scarcity

The q/q drop in electricity generated by the Discos

Modest q/q decline in gross federation revenue

The gross revenue figure is before deductions for the cost of revenue collection and transfers

A rise in FAAC distributions

The gross payout in October represents a slight increase

African billionaires seek new shores in hunt for offshore security amid currency challenges

This move not only indicates a significant change in wealth management strategies but also highlights the growing need for financial security against the backdrop of the fluctuating economic conditions in their native countries.

A commendable effort by the DMO

The sales-to-offer ratio was a marked improvement compared with the 0.8x average recorded over its prior three auctions.

Headline inflation still on the rise

The rising inflationary trend continues to reflect the impact of the downward adjustment of the naira

Comment, Analysis & Research