Managers of Wealth Africa

The South African giant that sold a bank – then spent R3 billion to launch a new one

The group said it anticipates an initial loss run rate of R1.1 billion to R1.3 billion, which will reduce as the bank is expected to break even in 2028.

UBS, Rand Merchant Bank lead financial adviser M&A rankings in MEA for H1 2025

UBS topped by value, with $1.6bn in advised deals, while Rand Merchant Bank led by volume, with four deals to its credit.

New wealth of top 1% surges by over $33.9 trillion since 2015

Oxfam’s new analysis examines the failures of a private investor-focused approach to funding development.

Standard Chartered wraps up divestment of Tanzania operations to Access Bank

This handover concludes a strategic divestment announced in April 2022.

South Africa’s newest billionaire CEO cashing in R1.3 billion in shares

The group has now announced the pricing of an underwritten secondary public offering of 1.5 million shares held by Calisto.

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National wealth and growth – Everest Wealth’s next chapter

The Johannesburg Stock Exchange (JSE), for example, had around 600 listed companies nearly three decades ago – today, that number has more than halved.

South Africa officially has a new dollar billionaire

Its global expansion has also been extensive.

Private credit and tomorrow’s wealth: Earning returns while powering South Africa’s growth

Investing in private credit offers the opportunity to access stable, above-inflation returns while diversifying away from traditional markets

Zenith Bank Shareholders Wealth Increases by N119 billion

Analysts said as the rally is forming, the next entry point will be expensive for late buyers.

FNB Private crowned Africa’s Best Private Bank at the Euromoney Awards

The bank also claimed top honours in five other categories, reinforcing its leadership in wealth management and private banking.

Standard Bank sweeps Euromoney Private Banking Awards

With nine wins, including Best Private Bank in Malawi, Tanzania, and Zambia, Standard Bank cemented its leadership in private banking across Africa

RMB takes ‘Best Private Bank in SA’ honours at Euromoney Awards

Along with best for ultra-high-net-worth clients, best for alternative investments, best for succession planning, and best for sustainability.

The city in South Africa where billionaires want to live

The wealth group said that centi-millionaires often have an outsized impact on global wealth creation.

The 10 richest people in Africa – and almost half are South African

Forbes’ list tracks the wealth of African billionaires who reside in Africa or have their primary business on the continent.

FirstBank targets high-net-worth individuals with new private banking service

This move comes as Ghana’s economy continues to recover from recent debt challenges, with a growing class of wealthy individuals seeking sophisticated financial services.

From Industry to Innovation: Africa’s 5 richest billionaires in 2025

These individuals exemplify the dynamic and diverse nature of Africa’s economic landscape, each contributing uniquely to the continent’s growth and global presence.

RMB Nigeria Asset Management’s Money Market Fund Ranks Among Nigeria’s Top 10 Performing Funds

This achievement is driven by RMB Nigeria Asset Management’s strong research capabilities, strategic asset allocation, and active portfolio management.

Old Mutual to introduce ‘low balance charge’ for all unit trusts

It notes that this charge will “increase with inflation on an annual basis and will be specified on each fund’s fact sheet or minimum disclosure document (MDD)”.

The ‘easy access point’ to billionaire Johann Rupert’s South African bounty

Remgro is an investment holding company that is Chaired by South Africa’s richest man, Johann Rupert.

Wealth and Asset Management