Managers of Wealth Africa

Banks given 24 months to phase out Moody’s ratings in South Africa

The global rating agency voluntarily withdrew from the local registration process, leading to the cancellation of its licence and the start of the deregistration process

Big changes on the cards for salary negotiations in South Africa

Specifically, the bill would prohibit companies from inquiring about a candidate’s or applicant’s current or past salary to determine their salary upon appointment.

Ghana’s currency could extend gradual slide

Ghana’s cedi is forecast to continue its gradual depreciation due to strong dollar demand from energy and manufacturing companies.

Rand takes a beating

There are growing concerns that elevated energy costs from the Iran War could morph from a one-off shock into broader underlying inflation.

Major law firms in South Africa take new BEE rules to court

Norton Rose Fulbright initially brought the legal proceedings to the court and Bowmans, Webber Wentzel and Werksmans have intervened.

PMI falls below 50 as Nigeria records first contraction in 16 months – Report

A breakdown of the composite index shows that the contraction was largely driven by weakening demand conditions and slowing business activity.

Top 10 worst-performing currencies in Africa in April 2026

At the domestic level, issues such as high inflation, low reserves, and delayed economic reforms have amplified the impact

New BEE rules for South Africa to cost taxpayers even more

Specifically, the regulations state that companies must show that at least 40% of their prior procurement was spent on enterprises that are at least 51% owned and managed by black persons.

South African rand eases on firmer dollar ahead of leading indicator

The currency has been under pressure as elevated oil prices kept inflation concerns high

Reserve Bank signals resolve on inflation target as two rate hikes loom large

Economists expect the unbearable pressure on households to increase.

South Africa facing down another disaster

The extension took effect retroactively from 30 September 2025, and, to date, no changes have been made to the list of countries eligible for the programme, which still includes South Africa.

Nigeria Links Banks to Telecom Grid to Catch Fraud Before It Clears

Nigeria's central bank and telecoms regulator signed an agreement giving financial institutions real-time visibility into mobile number activity

R1.9 billion stolen from South Africans – over R12,500 per person

These scams, which mimic official bank documents, are contributing to massive losses across the financial sector, with data showing that 70% of South Africans have been targeted by fraud.

Capitec is tightening the taps

Due to a massive increase in its loans, the group’s credit impairment charge on loans and advances increased by 21%, which was expected.

Pension funds must be redirected to drive Africa’s growth – Absa CEO

Mr Fihla said while safeguarding pension assets and meeting long-term obligations is important, the current approach is not delivering optimal returns or developmental impact.

From compliance to climate: Rethinking real estate insurance in South Africa

Twalo explains that sectional-title unit owners are entitled to transparency in terms of the valuation figures

Reserve Bank gives its worst-case scenario for interest rates in South Africa

If this proves to be the case, South Africa will weather the choppy waters currently rocking global economies, and energy prices and inflation will simmer down by 2028.

Interest rate heartbreak for South Africa

The South African Reserve Bank (SARB) was widely expected to cut interest rates by 50 basis points throughout the year.

NSA partners Absa Bank to provide overdraft relief for service personnel

Service personnel can open an Absa Ignition Account through their NSA student online submission portal for seamless onboarding.

Rand goes from hero to zero

The rand was trading at R16.34 to the dollar, R22.10 to the pound and R19.23 to the Euro by 16h20.

Regulation,Tax & Compliance