Managers of Wealth Africa

New Podcast: Trends in Gulf Family Offices

In this episode Faizal and Daniel discuss how Gulf based families are choosing to structure their wealth, and which of Jersey’s wealth management products they are choosing and why.

Standard Bank CEO’s R1.32 trillion problem with credit-ratings agencies

Tshabalala cited the examples of South Africa and Denmark, which, despite having similar institutions, policies, and processes, have divergent ratings

The 13th month pay: A New Year’s gift for Ghanaian workers

The concept of a 13th month pay—an additional salary—felt like a distant dream in a country like Ghana, where economic challenges loomed large and opportunities seemed limited.

R2,028 per month double-blow to households in South Africa – and it gets worse

These hikes have consistently exceeded inflation, with electricity prices rising almost five times faster and water prices increasing almost six times faster.

Hammer blow for middle-class South Africans earning R25,000 per month

In this challenging economic environment, salary growth has struggled to keep up with inflation and other rising costs.

Headline inflation resumes upward trend

The uptick in consumer prices was primarily due to higher energy costs

Financial pressure eases in South Africa – But there is a catch

By dropping the repo rate, the SARB has effectively reduced the cost of repaying debt like home loans, vehicle finance, personal loans, credit cards, and more.

Kganyago sees inflation dip creating policy space

The central bank projects consumer price growth to reach 3.6% in the final quarter of this year, with an average rate of 4% expected in 2025.

How Cyril Ramaphosa made his billions

In 1991, Ramaphosa was elected ANC secretary general under Nelson Mandela and was the ANC’s chief negotiator in the apartheid negotiations.

Shock as banks record huge profit amidst gloomy economy

The key findings in the results is that the banks’ have now moved from foreign exchange windfall to interest rate windfall

Relief for South Africans in the next 3 months: Nedbank

The performance of the various subcategories was mixed.

A sustained moderation in PSCE growth

Returning to the data, other monetary aggregates, such as the broad money supply (M3), and (M2) money supply continue to outpace PSCE growth.

The Banker’s Top 100 African Banks 2024

Moroccan lenders improve their positions, while currency devaluations hit Nigerian and South African banks

New interest rate may worsen bad loans – OPS

He said the committee members unanimously decided to further tighten monetary policy.

Q2 GDP: Ghana’s economy grows at fastest pace in five years

Ghana’s economy experienced its fastest growth in five years, expanding by 6.9 percent in the second quarter of 2024.

Interest rate surprise for South Africa this week – what experts say

The oil price is assisting a lot more than everyone expected, and the stronger rand is going to help to keep inflation lower in the near term.

Expectation of further reduction in headline inflation

Today, we turn our attention to some of the primary drivers of July's headline inflation reading.

A further reduction in Nigeria’s headline inflation

The lower inflation reading was mainly due to the impact of base effects from last year and a deceleration in the food inflation reading.

Is it possible to become a millionaire on an average SA salary?

Yes, you can.

Good news keeps coming for inflation and interest rates in South Africa

Overall, they expect headline inflation to be 5.1% in 2024 before subsidising to 4.8% in both 2025 and 2026.

Comment, Analysis & Research