Managers of Wealth Africa

FNB and RMB Private Bank scoop 6 awards at the Krutham top private banks and wealth managers awards

In addition, RMB Private Bank was crowned 1st place for the Executive archetype award.

Krutham survey reveals SA's top private banks and wealth managers

The Krutham (formerly Intellidex) Top Private Banks & Wealth Managers survey results were unveiled at a June 25, 2024 awards ceremony.

Africa’s wealth landscape

A look at some of the significant economic stories that are shaping SA and the African continent.

Bad news for salaries in South Africa

Gross earnings paid to employees decreased by R35.1 billion

44 jobs that pay more than the R27,000 average salary in South Africa

The dataset covers earning estimates across over 90 job types in the formal, non-agricultural sector

Dubai ranks 12th in Julius Baer’s Global Wealth and Lifestyle Report as relative ‘cost of living’ remains competitive compared to major global cities

Dubai is the 6th most expensive city in Europe, Middle East, and Africa (EMEA) and 12th in the global ranking of the Lifestyle index

The Henley Private Wealth Migration Report 2024

Head of Research at New World Wealth, Andrew Amoils, says the benefits of this migration of wealth and talent to these destination countries are significant and wide ranging.

South Africa kisses R11 billion goodbye as more millionaires head for the door

NWW said that approximately 128,000 of the world’s millionaires are projected to migrate to a new country in 2024.

R461 million a day for South Africa’s richest people since January

Rupert maintains his title as the richest South African and is the second richest person in Africa (behind Aliko Dangote of Nigeria).

Sanlam Collective Investments moves to global wealth platform

The management company says transferring multiple legacy systems to FNZ will vastly improve adviser efficiency and reduce operational risk.

What you need to save in your 20s, 30s, and 40s to retire comfortably in South Africa

A comfortable retirement means different things to different people.

Global Finance Names The World’s Best Sub-custodian Banks 2024

The list of winners of Global Finance’s Best Sub-custodian Bank 2024 Awards follows.

How much you need to earn to be in the richest 1% in South Africa

This aligns closely with updated data from the World Inequality Database (WID), which puts the entry-level to the top 1% of earners in South Africa at around R151,600 per month (R1.8 million a year).

UBS asset management leadership gets a refresh

The unit is undergoing streamlining, cost reductions.

DIFC fortifies position as preferred global hub for wealth and asset management firms

Total number of wealth and asset management firms surpasses 370 in the first quarter of 2024

Nedbank Private Wealth recognised as best UK private bank for tenth consecutive year

Winners are determined by a public online vote, which this year saw a new record of over 50,000 votes being cast.

FirstBank emerges best private bank for sustainable investment in Africa

The Bank has remained consistent in reinventing itself, enabling success through the years of its existence for the last 130 years

RMB Private Bank wins big at the 2024 Euromoney Private Banking Awards

RMB Private Bank named SA’s Best Private Bank for Ultra High Net Worth Individuals for the second consecutive year

South Africa has lost over 11,000 millionaires

HNWIs are defined in the report as individuals with “liquid, investable wealth” exceeding US$1 million (~R19 million at current rates).

Stanbic IBTC Bank wins big at the 2024 Euromoney Global Private Banking Awards

These awards recognise institutions that demonstrate exceptional performance in providing clients with superior advice, service and solutions.

Wealth and Asset Management