Managers of Wealth Africa

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.

Coronavirus: why South Africa needs a wealth tax now

Based on our new study on wealth inequality in South Africa, we propose a progressive solidarity wealth tax.

'The Biggest Risk in Banking is People’ – Victor Asemota Advocates Dumping People for Technology in Banking

According to Victor, the system will build and own its own software or depend largely on open-source technology.

Kenya's economic growth slowed to 5.4% in 2019 -finance minister

The telecoms sector grew by 8.8% in 2019, down from 11.3% in 2018, Yatani added.

StanChart sees key markets leading quick economic recovery after loan losses hit first quarter

Increased credit impairment and provisions for an expected increase in loan losses pushed pretax profit for January-March down 12% from the same period a year earlier to $1.22 billion, the London-headquartered bank said in a stock exchange filing.

Banks to develop more innovative SME funding

Compounded with their inability to access affordable credit, a significant number of them are now at risk of closure which will inevitably lead to mass layoffs.

Moody's sees SA in recession, outlook for banking system negative

The ratings agency has changed its outlook for the South African banking system to negative from stable, it said on Monday.

De Beers' Namibia diamond venture boosts output by nearly 6% in Q1

The Bankers Association of Namibia and the Economic Association of Namibia both now expect diamond mining to contract by 7.5% or 700 million Namibia dollars in 2020.

Moody’s revises Nigeria banking outlook to negative

Nigeria’s largest banks, however, will continue to benefit from high government support.

Report: Top 10 most attractive banks in Kenya

Diamond Trust Bank Kenya took the top position from a future growth opportunity perspective; however, it had a weak franchise score moving it to position 5 on the weighted score.

Gender Balance: Looking at the board composition of top banks on the NSE

In this article, we have examined the board composition of top banks listed and trading on the Nigerian Stock Exchange, to understand and illustrate the gender representation in their corporate governance structures.

StanChart’s Troubled Loans Top $600 Million on Corporate Woes

The exposures to problem companies are unlikely to lead to complete write-offs of the loans.

StanChart Bad Loan Momentum Continues

Loan loss provisions will continue dominating headlines for bank earnings in the first quarter and Standard Chartered is not alone in facing balance sheet headwinds.

Banking's New Reality: Getting Remote Work Right (Part 1 of a Multipart Series)

Here are the common missteps banks should avoid to successfully enable remote work and digital operations, during the pandemic and beyond.

Covid pandemic could fuel fresh interest in diaspora bonds: World Bank

World Bank officials warned that developing economies could suffer close to 3% decline in economic output

This is what the coronavirus recession could look like, according to global CEOs

The survey found that 11% of chief executives see coronavirus as a risk to the survival of their firm, while a further 40% say the pandemic poses a severe threat.

COVID-19 Spot Survey: Implications on Globally Mobile Employees

Assignees remaining in host country locations are being directed to follow local country mandates including stay-at/work-from-home and self-quarantining as needed.

Will the COVID-19 crisis close the wage gap?

Martin Hopkins, President of the South African Reward Association (SARA) and Master Reward Specialist, says getting executives to lead by voluntary example by accepting pay reduction currently is the appropriate thing to do from several viewpoints.

Zimbabwe banks may struggle to meet deadline

The minimum capital threshold for micro-finance institutions has been set at US$25 000 local currency equivalent.

Averting a Covid-19 security crisis in Africa

We have seen that in some African countries, such as Rwanda, where the government grounded all passenger flights for 30 days after confirming just 11 cases of the virus, and then placed the entire country on lockdown for 28 days.

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