Managers of Wealth Africa

Investec pays R9 billion to shareholders

Net interest income (NII) benefited from growth in average lending books and lower cost of funds in Southern Africa.

Reserve Bank cuts interest rates in South Africa

We remain on track to deliver 3% inflation over the medium term.

ACCA warns Ghana’s non-interest banking will fail without strong reporting standards

The professional body says the credibility of the new banking model will depend heavily on how transparent institutions are in explaining their operations to the public.

Allan Gray fraud warning for South Africa

He added that when considering an investment, one should seek to understand how one’s capital will be used to generate returns.

Good news about interest rate cuts this week

This means budgetary items like social grants and wage increases should follow this new guideline, setting the country up for a much more disciplined path forward.

Banxso and AfriMarkets reborn under different names?

UMarketPro and Protea Markets use Mixirite’s FSCA licence, but multiple factors point to links with the banned platforms.

SARS is coming after these targets in South Africa hard

SARS commissioner Edward Kieswetter said this figure is unacceptably high, and places a severe burden on the national.

Here’s why the Zimbabwe ZiG currency stability is continuing?

Still, the stability of the Zimbabwe ZiG is not a sign that it will continue doing well

More South African banks should go bankrupt

The Prudential Authority enforces rules on capital adequacy, liquidity, and risk management through the Banks Act and Financial Sector Regulation Act.

Good news for the rand

The wider narrative of the rand’s stronger showing this year has been that it is only trading stronger due to the weaker dollar.

The terrifying powers of SARS

They would then be advised that the SARS officials must be given access to the premises.

Major South African bank hit with sanctions

As a result, the PA has imposed administrative sanctions on the bank, including four cautions not to repeat the conduct that led to the non-compliance, as well as a R3 million penalty.

Expert urges government to establish infrastructure finance bank

Such a bank must offer single-digit interest rates, longer tenures, and the technical expertise to understand project lifecycles, contracts, and risk. It would become a true financial partner to the sector, helping unlock the kind of patient capital that

Government and Organized Labour agree on 9% increase in base pay for 2026

The agreement said the Government was committed to engage with the Unions on outstanding Conditions of Service issues while the parties shall regularly engage on the management of the economy.

SEC to clamp down on unlicensed online investment schemes

Dr. Avedzi stated that SEC will collaborate with the judicial arm of government and law enforcement agencies to clamp-down on online fraudulent schemes which promises unrealistic returns.

20 new bank branches for Smart ID and Passports in South Africa are on the way

The pilots will also identify any refinements needed to optimise the service.

Ethiopia’s Debt Tightrope Tests the National Bank

Confidence moves carefully here, taking small, measured steps rather than bold leaps.

Digital fraud surges as AI reshapes financial crime in South Africa

Phangela Group CEO Christopher Thornhill said criminals were exploiting South Africa’s high connectivity and still-developing regulatory frameworks to conduct AI-assisted scams at scale.

The African Development Bank Group and the Republic of Congo strengthen partnership for economic diversification and regional integration

The discussions also highlighted national priorities in terms of economic diversification, infrastructure development, energy, agriculture and regional integration.

BoG pushes open banking and digital ID to strengthen national payment systems

The Deputy Governor emphasised that as Ghana’s digital economy continues to mature, maintaining public trust and system integrity will remain a central pillar of the Bank’s regulatory approach.

Regulation,Tax & Compliance