Managers of Wealth Africa

Rand hits R18 to the dollar as ‘Trump trade’ bites

He stressed that the timing and implementation of these policies are critical factors.

Interest rate warning for South Africa

Locally, the South African Reserve Bank (SARB) Monetary Policy Committee (MPC) is expected to deliver its final rate decision of 2024 later this month

Heritage Bank: NDIC Begins Loan and Asset Recovery to Settle Uninsured Deposits

The corporation utilised Bank Verification Numbers (BVN) as unique identifiers to process payments directly to alternate bank accounts

Kenya’s central bank to hold next rate-setting meeting on Dec 5

At its last meeting in October, the bank slashed its benchmark lending rate KECBIR=ECI to 12.00%, down from 12.75%, in a move aimed at stimulating credit to the private sector.

FX appetite drives up mutual funds assets by 81.5 % to N3.5trn

This growth rate is also coming at the backdrop of the high interest rate on fixed income instruments and the upward performance of the stock market, as well as increased awareness on benefits of Mutual Funds.

Big changes for ID and passports in South Africa coming

The revenue authority is also working with Home Affairs to issue instant visas

Goodbye spam? New rules could free consumers from daily deluge of unwanted calls

Consumers should register on a new ‘opt-out’ registry to block ‘intrusive’ marketing efforts.

African Alliance customers seek payment after NAICOM takeover

A regulator must be very proactive in issues of such nature.

FNB and Nedbank respond to hacker claims

MyBroadband contacted all five banks to ask whether they had detected any breaches or suspicious activity on their systems.

Afreximbank, Woodhall Sign $25m Facility to Support Export Businesses

Stressing the importance of the collaboration with the financial advisory firm, Awani disclosed that around 60% of SMEs struggle with access to finance.

Africa’s increasing finance gap keeps World Bank, IMF, G20 awake

Despite these critical issues, concrete solutions remained limited, with progress on key topics advancing only incrementally.

IMF projects stable yet underwhelming global growth

The growth outlook is based on the global economy's resilience, as recession fears fade.

African Development Bank Approves a $75 Million Participation in Export Trading Group’s Sustainability Linked Loan

Through participation in the Sustainable Linked Loan facility, the financing will be deployed to ETG’s core value chains in 14 countries

South Africa’s big grey hope for 2025

In February 2023, the FATF greylisted South Africa due to inadequate measures against money laundering, terrorist financing, and proliferation financing.

Mamo Mihretu on the radical reform of central banking in Ethiopia

NBE head speaks about monetary policy and exchange rate reform, opening the financial system and a fundamental reset of the economy

Leveraging alternative jurisdictions – South Africa and the British Virgin Islands

No standard structure exists for any family or business, but specific methods and solutions have worked for families for generations.

How to navigate tax implications when emigrating from SA

Non-residents are only liable for tax in South Africa on what is considered South African-sourced income.

BoM: ‘Unique Bank Identification Number is Essential for Reducing Fraud in the Banking System’

The approval of the NUIB Regulation in the country arose from the need to create more efficient mechanisms to guarantee security in financial transactions, adapting to technological developments and new market demands.

Boost for domestic worker salaries in South Africa

This means domestic worker wages rose above the headline inflation figure, ensuring real wage growth of 0.3%.

Good news for salary increases in South Africa

Although salary increases are not the only consideration in a robust total rewards programme, they are a cornerstone.

Regulation,Tax & Compliance