Managers of Wealth Africa

South Africans can kiss interest rate cuts goodbye

The central bank’s monetary policy committee is widely expected to hold rates at 6.75% next week as officials assess the fallout from the Iran war, which has lifted oil prices by roughly 45% since it began on 28 February.

SARS warning for South Africans with offshore investments

Starting on 1 March 2026, SARS began receiving bulk financial data from over 120 jurisdictions through expanded Automatic Exchange of Information standards.

CBN Announces Transfer Limit for New Mobile Banking Users

This is part of fresh measures to strengthen security in Nigeria’s instant payment system.

CBN issues new rules on instant payments, BVN, dormant accounts

In one of the circulars, the CBN introduced new operational rules for instant payment services in Nigeria as part of efforts to protect customers and reduce cases of electronic fraud.

Kenya, Rwanda central banks launch cross-border payment access for fintechs

Kenya and Rwanda’s central banks have initiated moves to enable cross-border payment access, helping fintechs to operate seamlessly across both markets.

Standard Bank still sees interest rate cuts in South Africa

The oil price quickly surged, which will likely lead to much higher fuel prices in South Africa.

Auditor-General uncovers GH¢8.1b in invalid claims, calls for forensic audit of public finances

The audit also revealed missing quantities of rice and maize under the dry spell relief programme

Absa sends interest rate warning to South Africa

Absa warned that higher global energy prices would likely see the global GDP growth average 3.2% over the year, with the space for central banks to reduce policy rates likely to shrink.

Interest rate hike on the cards for South Africa

The benchmark government 10-year yield jumped 23 basis points on Monday

Absa sounds warning on energy prices, rand, as profits climb to record

But it is ‘very unlikely that the global environment would trigger the onset of a rate hiking cycle’.

SEC’s new Regulatory Sandbox signals major breakthrough for Ghana’s Digital Asset Market – CDABI

The Chamber noted that one of the most significant aspects of the new guidelines is the creation of a dedicated Virtual Asset Sandbox Track

Retirement annuity death benefits: The rules your will can’t override

They are treated differently when you pass away – unlike most assets – and misunderstanding that can derail your succession plan.

Home advantage: Kenyan banks outperform foreign-owned competitors

It is now becoming clear that Kenyan banks, specifically, are performing even better than banks headquartered in other countries that operate in Kenya. Report by Neil Ford.

Ghana to replicate digital innovation success in Malawi

The invitation was extended to Ghana by the Malawian Minister of Information and Digitalization, Dr. Shadric Namalomba during a meeting with Sam George at the ongoing Mobile World Congress 2026 in Barcelona, Spain.

Zambian, Ugandan and Ghanaian currencies under pressure

Ghana's cedi may slip due ‌to robust corporate foreign-currency demand

African Development Bank Group funds regional health resilience drive in Southern Africa

The initiative aims to strengthen the resilience and capacity of health systems across the SADC region to respond more effectively to public health and nutrition emergencies.

Cedi’s depreciation against dollar slows to 1.65% since start of 2026

Analysts say the slowdown reflects an improvement in the cedi’s performance that began in the second week of February 2026.

Executive of the most infamous company in South Africa fined R359 million

The crisis began when accounting irregularities were identified, and Steinhoff’s auditors refused to sign off on its financial statements.

Nedbank Wins Regulatory Approval To Take Majority Stake In Kenya’s NCBA

For this reason, the bank is taking bold steps to sustain growth and has identified the East Africa region as the next frontier.

New rules make it easier to dismiss employees in South Africa

At the same time, the reforms strengthen enforcement mechanisms for workers.

Regulation,Tax & Compliance