Managers of Wealth Africa

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.

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.

Wealthy Kenyans move money from small banks

Depositors and investors in Kenya were rattled three years ago when the CBK took control of three mid-sized lenders, Chase Bank, Imperial Bank and Dubai Bank, after the banks ran into financial trouble.

Namibia eyes wealthy expat retirees

While Namibian residency can be obtained on the basis of a business investment of NAD 2m ($122,000) and job creation, the application process is typically cumbersome - and not well suited to the needs of expat retirees.

FBNQuest offers tips on wealth management

The bank stated this at its Wealth Management Customer Forum, where it shared an in-depth analysis of the impact of long-term wealth preservation and inter-generational wealth transfer.

FBNQuest Merchant Bank stresses generational wealth transfer

The forum highlighted some of the challenges individuals and businesses encounter due to lack of a proper estate plan.

Sanlam Private Wealth explores the powerful meeting point between wealth and craft

Benefit from in-depth expertise in wealth management to secure your future

Surge in number of expats pushes need for international tax advice: deVere

This surge in demand for international tax advice has led deVere to recruit more experts and launch a tax apprenticeship scheme to meet the demands of its clients.

‘Diversified Old Mutual cushioned from inflation’

As at November 1, 2019, OMZIL shares were trading at ZWL 3,698 cents on the Zimbabwe Stock Exchange.

Brewin Dolphin Boosts Irish Presence As Completes Investec Wealth Buy

Brewin said the total consideration, of EUR50.2 million, consisted of EUR13 million in net assets and client relationships of EUR37.2 million.

These graphs show how wealth in South Africa has flatlined

“This is largely due to currency depreciation, as the rand has lost half its value since 2010,” the group said.

Barclays Bank Seychelles to Begin Blue-to-Red Transformation Into Absa

Barclays Bank Seychelles said it is taking a sequenced approach to its change plans

Standard Bank banks top accolades at Private Banker International Global Wealth Awards

Standard Bank’s global head of wealth and investment Chris Browne said these awards were a testament to the lender’s ongoing commitment to wealth preservation and service excellence.

Ocorian expands African footprint with new East African office

Operating from the Nairobi office, we have also appointed Andrew Musoke as Business Development Director.

A Royal encounter: Sanlam's brush with the Sussexes, and why the Queen is the ultimate family business CEO

This is such an exciting time for our industry

HSBC forecasts economic slowdown in Q4, rules out recession

The bank adopts a mild risk-off stance on equities with a preference for defensive sectors over cyclicals

High net worth investors look offshore

Alternatives are generally described as assets or investment strategies other than traditional equities, bonds or cash instruments

UN to launch Principles for Responsible Banking

The Principles provide the framework for a sustainable banking system, and help the industry to demonstrate how it makes a positive contribution to society.

Investec issues profit warning as wealth restructure hits earnings

Investec has warned that profits over the six months to the end of September are likely to fall on ‘challenging’ conditions

Africa Wealth report shows SA is losing its lustre

High-net-worth individuals looking to hedge their investment bets look to Mauritius instead.

Wealth and Asset Management