Managers of Wealth Africa

Your investments now and post Covid-19

Pressing questions around investments answered.

Stimulus package likely to stimulate corruption

By stimulus package is meant a coordinated effort to increase government spending and lower taxes and interest rates in order to stimulate an economy out of a recession or depression.

Beileh: Somalia is rising slowly out of a hole

We will prioritise the health of the people.

Ghana and quantitative easing: Thoughts of a non-economist

The reason QE has not been very successful in some developed countries is largely because their economies have in many cases reached peak production capacity

MEA Retail Banks are the Strongest Believers in a Cashless Society, Prioritizing Digitalization to Drive Financial Inclusion: Study

Middle East and Africa (MEA) retail banks believe delaying digitalization poses genuine threats to their business models

Video banking on the rise during Covid-19 pandemic

This chimes with figures from video banking vendor POPi/o, which tells American Banker that calls between its clients and their customers that result in transactions or service have more than tripled since the crisis hit.

Cloud computing to rescue 700m unbanked Africans – Report

Says regulators hold critical key to meeting target

The Eskom Pension and Provident Fund responds to cost claims

The EPPF strongly refutes the ‘flawed’ costs comparison compiled by Business Maverick in the response below, and Business Maverick replies to their statement.

Masondo: No 'pressure' for Reserve Bank to purchase govt bonds

The deputy minister also noted that the Reserve Bank had already taken steps to inject liquidity into the economy in response to the Covid-19 crisis, but suggested more could be done.

Nigerian billionaires lose billions amid COVID-19 pandemic

Nigerian billionaires recorded more losses than gains amid COVID-19 due to the volatility of the stock market occasioned by the killer disease.

Study shows consumers in Middle East & africa move to contactless payments for everyday purchases, seeking touch-free payment experiences

In a Mastercard global consumer study, seven in 10 in the Middle East & Africa say they use contactless payments

Ecobank records significant increase in customers adoption of digital channels

Ecobank Pay, our payments platform saw a 61% increase in merchant acquisition numbers to 195,000 merchants.

UBA Delivers Impressive Returns on Investment, as Shareholders Applaud Bank’s Support in Fight against COVID-19

In his opening statement. UBA’s Group Chairman, Tony O. Elumelu, noted that this was a very special meeting, held in extraordinary circumstances.

Africa’s Challenges in a Post-Covid-19 Era

Health systems and infrastructure across the continent looks fragile and the economic impact of a rapid rise in cases of the virus will be widespread and significant.

S&P downgrades SA's credit rating further into junk, citing impact of coronavirus

The group expects SA's headline fiscal deficit to widen to 13.3% of GDP in 2020, leading to net debt levels rising to over 75% of GDP by the end of this year.

South African Treasury Sees Substantial Revenue Shortfall Due to Virus

Its revenue-collection estimate for the fiscal year through March 2021 was 1.43 trillion rand in the Feb. 26 budget.

South Africa needs a wealth tax to help stop coronavirus worsening inequality

It is in line with the recommendations recently made by the International Monetary Fund to equitably attain fiscal sustainability and better position the economy for post-COVID recovery.

Coronavirus’ clarion call for Africa’s self-reliance

Only about a third of African countries have GDPs that are actually more than the USD27.7 parcel above.

Mboweni sees economy contracting by 6.4%, struggling Land Bank saved

The funding reprioritisation could include delaying some spending on infrastructure, Roy Havemann, the Treasury’s chief director of financial markets and stability, said on the call.

6 best long-term, affordable local shares to buy, right now

Right now, there are several companies with share prices that look very attractive, especially for investors who take a longish view.

Comment, Analysis & Research