Managers of Wealth Africa

How SA’s dollar-billionaires saw their fortunes decimated in 2020

It's been a rough ride for all of South Africa's dollar-billionaires this month, with Patrice Motsepe especially affected. Here are the grisly details.

Consider risk appetite before investment decision – Wealth manager at StanChart

The banker explained that this was why at Standard Chartered before a client signs up for any investment package, it is mandatory to first check the customer’s risk appetite.

Covid-19: South Africa’s Investec estimates up to 23% hit on profit

He also expects the situation to improve in the following few months.

6 trends driving investment into Africa

Africa has drawn high levels of interest from a diverse range of external partners in recent years

Old Mutual clocks a bruising 5 years

First was the complex three-year "managed separation" process, which ended in June 2018

How Bill Gates, Jack Ma And 11 Other Billionaires Are Reacting To The Coronavirus Pandemic

On Saturday, Airbnb CEO Brian Chesky announced on Twitter that the company will allow guests around the world to cancel and get their money refunded.

S.Africa's Sanlam FY earnings fall 19%, in line with expectations

Its net operational earnings - a new performance measure it introduced in the results, expanding on its previous measure of operating profit - grew by 14%.

Africa’s Billionaires: Richest People In Africa, 2020

South Africa is home to 8 billionaires in Africa

Additiv expands Middle East and North African presence with Qcentris

QCENTRIS will provide implementation and delivery services for new additiv customers

NSE halts trade of Barclays shares as lender becomes Absa

The bank announced Monday that it has received all requisite shareholder and regulatory approvals to change to the new name and brand.

Cape Town ranked SA’s second-richest city

The unemployment rate in the country also plays a major role in the levels of inequality, the IMF stipulates.

Investec sets out IPO plan for Ninety One funds arm

UK-South African fund manager expects its shares will begin trading on 16 March

Big spenders: Africa’s luxury goods market

Africa’s robust economic growth and booming population have given rise to an ever-expanding affluent class that underpins the growing demand for luxury goods.

True winners and false losers in the Forbes 2020 billionaire rankings

The Nigerian tycoon, on the verge of multiplying his income fivefold by 2021, saw his wealth blunted by the drop in shares in Dangote Cement.

Johannesburg ranks among world’s most expensive cities for luxuries: wealth report

New York ranked as priciest place to lay on a 400-person wedding banquet or hire a personal trainer, while London took top spot for the laser eye surgery that clears blurry vision.

Julius Baer launches inaugural Global Wealth and Lifestyle Report 2020

The inaugural edition of Julius Baer’s Global Wealth and Lifestyle Report showcases the trends in high-end consumption around the world, which are of relevance to our clients.

Johann Rupert: The wealth of SA’s richest man vs the rest of Africa

Johann Rupert may be the richest man in Mzansi, but he doesn't take Africa's top spot. Here's how his huge wealth compares to his continental competitors.

Atlas Mara Deal With Kenya’s Equity Group Holdings Expires

The preliminary agreement signed in April, which would’ve given Atlas Mara a 6.3% stake in Equity Group in exchange for the units, expired, it said.

Old Mutual Feud With Fired CEO Risks Thwarting Growth Ambitions

Old Mutual is struggling to grow sales and operating earnings amid tepid capital markets, a moribund South African economy and the worst Zimbabwe crisis in 10 years.

World's Best Private Banks 2020: The Tough Get Going

While rising ranks of wealthy individuals support growth in private banking, these are challenging times for the industry.

Wealth and Asset Management