05/26/2023
South Africa is bleeding millionaires
For HNWIs in South Africa, the total number dropped by 7,479 individuals from 36,228 in 2021 to 28,749 in 2022 – a 20.8% decline.
Wealth and Asset Management
05/24/2023
Dangerous moves – the case for not hiking rates
For the Reserve Bank and its global counterparts, hiking rates further would be a dangerous move.
04/28/2023
Wealth Report 2023 confirms that ’Africa is not poor but impoverished’
While South Africa tops the list of countries with 37,800 millionaires, Egypt ranks second in the country rankings
04/27/2023
Wealthy Kenyans stash near Sh1 trillion in dollar accounts
Bulk buyers also sought a buffer of dollars following a shortage of the US currency
04/04/2023
FNB and RMB Private Bank win 9 awards for excellence in Private Banking at Euromoney
RMB Private Bank won two awards for the Best Bank for Ultra High Net Worth Individuals and Best bank for ESG Investing in South Africa.
03/31/2023
Africa’s best private bank 2023: Standard Bank Wealth and Investment
This year, amid strong competition, the judges agree that Standard Bank Wealth and Investment is the institution that has best demonstrated its distinction and regional leadership in Africa
03/31/2023
Deutsche Bank Expands Wealth Management Service to South Africa
South African clients will be served from Zurich, Switzerland.
03/29/2023
Five African cities hold more than 50% of continent's private wealth
Egypt accounts for the most billionaires, says Africa Wealth Report
03/29/2023
These are the richest cities and suburbs in South Africa
The report showed that being a continent with a fast-growing and young population, Africa holds a lot of potential for investment.
03/22/2023
New ‘safe haven’ for wealthy South Africans
They said that Brits, Europeans and South Africans see the island as a ‘safe haven’ and are buying property for investment and lifestyle reasons.
03/20/2023
Banque SYZ: your neighbourhood Swiss bank available in SA
Nicolas Syz, head of private banking at the group founded by his father in 1996, says Africa has turned out to be its fastest-growing market
03/15/2023
HSBC Mines MENA Wealth Opportunity in Singapore
To cater to this demand, HSBC Global Private Banking formed a coverage team in the city-state in 2022 to work with existing colleagues in the Middle East where it has a significant existing presence.
03/14/2023
South Africa’s leading luxury wellness Estate lists residence for €7.2million (R140m)
This includes South African nationals returning home, and clients from further afield such as Europe, the United States and Canada.
03/06/2023
Iron Wealth gets approval for multi-family office services in Dubai
Iron Wealth will focus on providing wealth management and investment advisory services to Africa-based HNIs, family offices and businesses.
02/23/2023
Standard Bank Wealth and Investment SA wins Best Private Bank Award
The winners are those institutions whose qualities rate highly with high-net-worth individuals choosing a wealth management provider.
02/14/2023
Bank wealth managers fight for growing rich list
The wealth managers’ view corroborates multiple reports including Knight Frank, Forbes, Wealth X and Oxfam that have shown a burgeoning class of the rich in Kenya.
01/19/2023
Kenya’s dollar multimillionaires double in 10 years
Of the 1,890 individuals, 130 have a net worth of over Sh6.2 billion ($50 million) and a combined wealth of Sh2.3 trillion ($18.7 billion).
01/17/2023
Rich Kenyans sit on Sh922bn in dollars as shilling weakens
The deposits surge parallel with a decline in hard currency deposits held by commercial banks and the country’s official reserves, at a time the market faced issues of dollar availability in the market.
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.
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.”