12/12/2013
Number of millionaires in Angola up 68% from 2007 to 2013
The number of millionaires in Angola rose by 68 percent from 2007 to 2013 and now totals 6,400, indicate figures from the New World Wealth consultancy cited by Lusa news agency.
Wealth and Asset Management
12/11/2013
Nautilus expands into Mauritius
Group will see the company strengthen its team by 12, bringing the number of Group employees to 77.
12/10/2013
Nedbank launches Black Card for super-elites
American Express and Nedbank have partnered up to being the super-elite Amex Centurion card – more commonly known as the the “Black Card” – to a select group of South Africans.
12/09/2013
Investec Asset Management Emerges as the Leader
Investes Asset Management’s horizon markets fund has just completed its first year and the returns to date have outstripped those of other emerging-market funds.
12/09/2013
Former Barclays boss has eyes on African banks
The pair hope to raise $250m from investors, which will be used to buy a stake in an African bank.
12/01/2013
Stanchart targets SMEs
Standard Chartered Bank says it will focus on supporting small- and medium-scale enterprises
12/01/2013
SA's Bank of the Year named
This focus has seen the bank's valuation - based on its price to book ratio - rise relative to that of its peers in recent years and led to its share price increasing significantly in the year to date.
11/30/2013
SA’s Richest Continue to Get Richer
The collective wealth of the 20 richest people in South Africa grew by 8.6 percent compared to last year,
11/30/2013
There is nothing stingy about the very rich
Despite the difficult economic environment, some of the super-rich have not stopped giving back.
11/27/2013
Swiss Wealth Manager UBS Targets Africa’s Millionaires
The amount of people on the continent that fall within our wealth- management bracket is increasing every day and there are still tons of opportunities relatively untapped.
11/25/2013
Absa Named SA's Best Bank in Service Excellence
Absa said that the award was a tremendous honour and recognition for how we are committed to treating our customers fairly and resolving their queries timeously.
11/21/2013
UBS Targets African Wealthy After Credit Suisse Takes Step Back
UBS is vying with Swiss banks from Julius Baer Group Ltd. to Pictet & Cie. for emerging market millionaires as a global crackdown on tax evasion forces European and American clients to withdraw funds.
11/20/2013
Investec Takes a Knock From Weak Rand
Investec reported a drop in earnings for its half-year results due to rand weakness.
11/18/2013
Nedbank Plan to Take 20% Ecobank Stake to Cost Over $500 Million
Nedbank intends to take up its right to convert a $285 million loan made to Ecobank in 2011 into an estimated 11 percent stake
11/18/2013
Sanlam’s expansion plans boosted by demand for foreign equity
Sanlam's private investment unit in London is looking to make a medium-sized offshore acquisition in the region and launch a new global equity fund early in 2014
11/18/2013
Sanlam’s expansion plans boosted by demand for foreign equity
The CEO of the private investment business, Daniel Kriel, has been making small bolt-on acquisitions of other wealth management firms over the past few years, but the pace is being stepped up to meet growing demand.
11/10/2013
Tension as Nedbank Moves to Raise Stake in Ecobank
The move by South Africa’s Nedbank Group to increase its stake in Ecobank Transnational Incorporated is causing anxiety in the market.
11/10/2013
Standard Chartered cuts target as growth slows and regulation bites
Standard Chartered has been one of the best performing banks over the last decade, trebling in size and delivering compound annual income growth of 15 percent
11/05/2013
Old Mutual assets lifted 14 pct by better markets
Old Mutual plc Interim Management Statement For the three months ended 30 September 2013 Operational performance remains strong
11/05/2013
Offshore Wealth
New serivice launched