Managers of Wealth Africa

New R2 coin becomes legal tender in South Africa

The apartheid pass laws were some of the most reviled aspects of the system, used as a measure of control by the apartheid government to restrict and control the movement of black South Africans.

Ghana’s economy has positive outlook amid global challenges – BoG Governor

The event was attended by entrepreneurs, businesses, traders, trade associations, and other actors in the private sector.

Minimum R1.4 million salaries for managers in South Africa’s collapsing municipalities

These include a municipality’s total population, the income it produces, and its total equitable municipal share.

Nigerians panic as hackers attack Zenith Bank, steal customers’ information

The financial institution stressed that the incident involved only limited customer information, adding that its banking services and digital channels remain secure and fully operational.

Sarb governor outlines cautious stance on technological change

Kganyago sets out opportunities and risks of AI and stablecoins as Sarb marks 105th anniversary

We don’t have the power to lead African Bank: Kganyago

A banking consortium, which includes FirstRand, Standard Bank, Absa, Nedbank, Investec and Capitec, collectively holds the remaining 25%, while the iKamva Lethu Employee Trust Scheme owns 10% on behalf of permanent employees.

Make or break for the South African Reserve Bank

The six-member MPC were split over the decision, with four calling for a hold and two calling for a 25 basis point hike.

Freezing of bank accounts linked to terrorism financiers

The country has endured years of trauma and insecurity, which has rendered many persons homeless and quite a good number dead.

Big shift in expectations for interest rates in South Africa

The Reserve Bank’s decision to hold interest rates caught many economists by surprise, after many expected a hike in response to June’s inflation rate.

BdM Warns High Public Debt Continues to Distort Financial Markets

The central bank said these arrears are having an impact on ‘weak appetite for government securities

The ‘real’ value of the rand in 2026

This volatility can be seen over a longer period, as the rand was trading at close to R18 to the dollar one year ago.

Nigerian-owned Caribbean bank takes Zambia to court in $40 million fight over failed bank investment

The bank says it spent nearly two years trying to have the holding formally registered by regulators but never received recognition.

Ex-World Bank president slams one African country's borrowing strategy, warns it could backfire

If the economy gets worse, this competition can lead to major deadlocks.

Linklaters and Webber Wentzel to conclude alliance in November

The two firms share a deep history and understanding of the African market

FG proposes National Housing Finance Authority to expand mortgage access

The minister added that the workshop was a critical stage in shaping the final policies.

A nice surprise for South Africa

Many factors were pointing to a likely hike: June’s inflation data, released earlier in the week, showed that core inflation increased alongside headline inflation.

Regulation should safeguard innovation, not stifle it – BoG

He explained that while Ghana has made significant progress in expanding access to financial services, the country must now focus on increasing the meaningful use of those services.

Rand suffers major blow

A rate hike typically boosts the rand, increasing the rate differential between South Africa and markets like the United States.

Banks shifting from government lending to private sector — Ato Forson

“In the past, government bills were extremely profitable, trading at around 30 percent.

Banks’ maximum lending rate drops to 33.16%

The maximum lending rate represents the highest interest rate banks charge customers on loans

Regulation,Tax & Compliance