01/10/2023
The richest people in South Africa at the start of 2023
Former diamond magnate Nicky Oppenheimer saw the highest net worth growth – adding $600 million to his wealth – and climbed the global ranking by over 100 positions – 331 to 229.
Wealth and Asset Management
12/21/2022
Investors’ wealth appreciates by N1b despite gloomy outlook
“Once again GTCO closed as the most traded counter, while overall activity level remains minimal and we are likely to see these lukewarm sessions throughout the week, as investors wind down for the holiday season.”
12/02/2022
Sanlam, Absa deal clears all conditions to create one of SA’s largest black asset managers
Absa remains involved in the investment management sector through its shareholding in the combined entity and through a 10-year distribution agreement with that entity.
11/24/2022
More wealthy women leaning into philanthropy in SA, Giving Report shows
Indicating that the profile of the country’s high-net-worth individuals may be changing.
11/18/2022
The dos and don’ts of building generational wealth
Everybody dreams of handing over their accumulated wealth to the next generation, but few achieve it. Here’s why.
11/03/2022
UBS looking to close dealmaking and advisory business in MENA region
The bank also decided to withdraw its on-the-ground activities in the last few weeks.
10/21/2022
Stonehage Fleming buys South African firm Rootstock
This will add AUM and investment expertise, together with a presence in Stellenbosch, to Stonehage Fleming, strengthening its position in the South African domestic market.
10/17/2022
Investec hires more financial advisers for young clients
Niche bank targets about 60,000 professionals in its client base who are still accumulating wealth
10/17/2022
Global wealth set to contract over 2% in 2022
Average nominal growth of financial assets is expected to be at 4.6% until 2025, according to Allianz
10/11/2022
What East Africa’s Tide Of WEALTH Looks Like
FORBES AFRICA takes a look at these movements on how the wealthy and ultra-rich in East Africa are changing the way they manage their assets.
10/10/2022
Wealth Preservation, across the Continent, is Key to the Growth of any Economy
According to a 2019-2020 report by New World Wealth, people living in South Africa together hold $636 billion in wealth.
09/19/2022
Former microfinance becomes largest private bank in Ethiopia
ACSI began operations in 1995 as a department of the organization for the Rehabilitation and Development of Amhara (ORDA), a local non-government organization, and was licensed as a separate micro finance share company in April 1997.
09/19/2022
South Africa, Egypt, and Nigeria possess 56% of Africa’s wealth
The world is not on track to meet almost any of the “sustainable development goals” adopted by the UN in 2015, according to a new report by the Bill and Melinda Gates Foundation.
09/14/2022
Barclays to expand private banking operation in Africa
With a focus on South Africa, Nigeria and Kenya
09/13/2022
Barclays Expands Africa Offering to Target $2 Trillion of Wealth
Super-rich Africans increasing investment in UK properties
09/12/2022
The Culture of Innovation, the Path Way to Nigeria's Wealth
It is the role of the leader to drive the culture of innovation, argues Linus Okorie
08/23/2022
Standard Bank Wealth and Investment wins two prestigious Le Fonti® Awards
This year, Standard Bank stood out among stiff competition, including top financial services firms and companies from around the world.
08/12/2022
Invesco partners with UAE wealth firm to create model portfolios
To fill ‘gap in the market for tried and tested investment solutions for international clients’
08/08/2022
Northern Trust Asset Management Launches Quantitative ESG Strategy for EMEA and APAC Investors
The NT World Quality ESG Strategy Expands Manager’s Sustainable Quantitative Global Offering in EMEA and APAC
08/05/2022
Standard Bank Wealth and Investment recognised at Euromoney Awards for Excellence
Being recognised by one of the world’s most trusted financial publications demonstrates that we have achieved the level of excellence we strive for in delivering value to our clients and their families.