02/10/2020
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.
Wealth and Asset Management
02/04/2020
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.
01/31/2020
Investec sets out IPO plan for Ninety One funds arm
UK-South African fund manager expects its shares will begin trading on 16 March
01/30/2020
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.
01/23/2020
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.
01/17/2020
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.
01/16/2020
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.
01/03/2020
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.
01/02/2020
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.
12/17/2019
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.
12/10/2019
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.
12/09/2019
StanChart auctions luxury Mombasa apartments
The apartments are located on Shanzu beach, about 30 minutes’ drive from Moi International Airport and 20 minutes from the city centre.
12/08/2019
South Africa managers pick up on Guernsey investment solutions
SA managers will be aware of the European UCITS funds, but Guernsey’s message is to look beyond the obvious.
11/29/2019
Banks must prepare to serve the growing number of billionaires in Africa
The number of millionaires and billionaires in Africa continues to rise.
11/29/2019
Investec to sell 10% of asset manager in March spin-off
The move was aimed mainly at delivering long-term value and was in the interests of shareholders and clients.
11/27/2019
More than 40% of SA's rich now live on residential estates - these are the top 10
South Africa is a global pioneer in residential estate living - the only other country to have more is the US.
11/26/2019
FirstBank Private Banking: Our clients are keeping us on our toes
FBN’s 125 year heritage in Nigeria, and growing international network, gives the private banking division a strong foundation to provide best-in-class, bespoke services to its high net worth clients.
11/21/2019
Investec’s private capital head on Brexit, business and ‘super normal’ opportunities
Arjun Chopra talks to Arun Kakar about the South African bank’s vision for UK HNWs
11/21/2019
Investec eyes £17.5 million wealth and banking cost cuts
Investec has identified further cost cuts of £17.5 million across its banking and Wealth & Investment businesses as it continues to work through a major restructure of the business.
11/20/2019
SA's high-net-worth remain committed to philanthropy - new report
Despite this marginal decline in the total number of givers, however, Hlongwane says that the overall value of philanthropic activities in the country has remained relatively constant.