Managers of Wealth Africa

South Africans face the prospect of retiring at 80

Based on data from over 300 000 Sanlam Umbrella Fund members.

SA needs more certified financial planners, says institute

These are people with postgraduate qualifications who are trained to look at a client’s financial needs holistically and tax-efficiently – as opposed to financial advisors, who ‘have a stronger focus on products’.

Rand Drop Won’t Derail South African Inflation Plans, Policymaker Says

Fowkes also said the MPC remains focused on anchoring inflation expectations at the midpoint of its 3%-6% target range.

Sanral provided misleading information about its ‘R53bn in tender awards’

Confirms the total value came from the ‘award value’ of open tenders, requests for quotes, or procurement by other means.

Ghana Must Do More to Cut Spending, Finance Chief Pick Says

Forson fielded questions from fellow lawmakers about his plans for office Monday, ahead of a vote that is widely expected to confirm him as finance minister.

South Africa sitting on a ‘gold mine’ for jobs and economic growth

Sihlobo outlined that there has been a shift in global perceptions of the cannabis industry, noting that recent international coverage lacks the enthusiasm it once had.

Bank jobs in trouble – with banks in South Africa cutting jobs and closing branches

This is expected to result in a sharp fall in clerical roles, with postal service clerks expected to see the largest drop.

M/m rise in money supply

This uptick, following a -2% decline in October

A surge in IMTO inflows

As shown by our chart below, remittance inflow through IMTOs recovered strongly in 20

Zambia's currency stuck at record low as drought persists

Zambia's kwacha has hit a series of record lows since the start of the year as a severe drought keeps the pressure firmly on the copper-producing Southern African country's economy.

South Africans to live longer – which can cause a problem

Lifespans may be improving but health spans, the years that South Africans remain healthy and active, are not increasing at the same rate.

Banks rated low in 2024 retail banking complaint resolution —KPMG Survey

Despite progress in other areas, banks continue to face challenges in effectively addressing customer grievances, significantly impacting overall satisfaction levels.

FirstBank solid, to expand into African countries in 2025 – CEO, Alebiosu

To this end, we are enhancing our value propositions across each customer segment to fully reflect and capture the opportunities we see in the external operating environment.

Top 5 loan companies in South Africa: Best Pick For Business and Personal Loans

Capitec Bank, South Africa’s largest retail bank based on customers, is celebrated for its simplicity, affordability, and innovative approach to banking.

99c for a pair of shoes or loaf of bread in South Africa

Angela Beukes, head of marketing at PEP, and Pieter Woodhatch, CEO of FNB eBucks Rewards, expressed their excitement about the collaboration.

Philanthropy is not just for the rich — Kate Bashabe

This was the best gift that Bashabe thought of giving children and their parents as she joined them in celebrating Christmas Day and festive season in general.

Africa loses $1.6bn daily to illegal cross-border financial flows – AfDB

These flows can range from corruption to smuggling, tax evasion, and terrorist financing.

Headline inflation to sustain upward trend

The MPC has consistently tightened policy measures to curb rising inflationary pressures.

42 jobs that pay higher than the R28,000 average salary in South Africa

Regardless, salaries are comfortably beating inflation, pointing to real growth in earnings—a stark contrast to the past few years where inflation has eaten away at earnings.

Ghana slowly retracing steps back to path of macroeconomic stability – Deloitte

This it said will be on the back of the government’s debt sustainability initiatives, a more stable local currency and a deceleration in inflation.

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