Managers of Wealth Africa

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,

There is nothing stingy about the very rich

Despite the difficult economic environment, some of the super-rich have not stopped giving back.

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.

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.

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.

Investec Takes a Knock From Weak Rand

Investec reported a drop in earnings for its half-year results due to rand weakness.

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

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

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.

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.

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

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

Offshore Wealth

New serivice launched

Absa simplifies its structure

ABSA, a subsidiary of Barclays Africa Group, has simplified its structure by combining its wealth, asset management, stockbroking and investment management platforms under one umbrella.

Luxury Brands Turn Attention to Africa

Africa's growing middle class has expensive tastes and research by Bain & Company suggests that luxury goods sales will increase by 11% this year - demonstrating the continent's potential for upmarket goods.

HSBC's profits surge 30% driven by Hong Kong and UK

The bank's home markets of the UK and Hong Kong were responsible for more than half of the group's profits.

Barclays Africa to Combine Wealth, Asset Management Businesses

Barclays Plc’s South African unit plans to combine its wealth, asset management, stock broking and investment administration businesses.

SA’s wealthy among most giving in world

The global economic crisis had knocked South Africa’s giving, cutting the percentage of those ready to dip into their pockets from 2010’s 94% to 91%.

Investec triumphs in global awards

It was the first time in the event’s history that South Africa was invited to join the survey

Barclays sees adjusted profit before tax fall by 20% to £4.9bn

Investment Bank income was down 7%

Wealth and Asset Management