Managers of Wealth Africa

International bank calls it quits after three decades in South Africa

This includes the Currency and Exchanges Manual for Authorised Dealers and the Currency and Exchanges Manual for Authorised Dealers in foreign exchange with limited authority.

SEC issues guidance for capital market Transition to T+1 Settlement Cycle

The transition is part of the Commission’s broader market modernization agenda aimed at improving liquidity and aligning the Nigerian capital market with international best practices.

Absa weighs joining yuan platform on thriving China-Africa trade

To take advantage of growing trade with Africa’s biggest trading partner.

Nigeria’s banking system more robust than Europe’s — Senator

Speaking at the closing ceremony held at the JAMB office in Oke-Mosan, Abeokuta, Salisu said the future belongs to countries and individuals that embrace technology.

Interest rate pain expected for South Africa

According to Investec Chief Economist, Annabel Bishop, the fuel price shock of April will only reflect in next week’s inflation data, where it is expected to push CPI upwards.

SARS going after one group who own property and have bank accounts in South Africa

Receiving funds in a South African bank account does not automatically make those amounts taxable in South Africa.

Kenya banks skipped R&D spending through 2025, CBK survey finds

The pattern points to a sector expanding its digital surface area through external partnerships

Big changes coming for pension funds in South Africa

The firm stressed that the bill marks a major turning point for pension funds, administrators, employers and retirement fund trustees.

Rand takes a big hit

Currency volatility is often seen as a negative, reflecting a currency’s susceptibility to specific events and market changes.

Rand bucks political risk

With investors focusing on reforms.

SARB keeping options open as global tensions threaten inflation-Kganyago

The Reserve Bank has kept rates unchanged at 6.75%, though inflation edged up to 3.1% in April due to higher fuel costs.

Interest rates in South Africa on a knife’s edge

While the SARB was widely expected to cut interest rates at the start of the year, the war in Iran has placed extreme pressure on oil prices, leading to massive fuel price increases.

BoG pushes Africa beyond digital payments as fintech regulation drive deepens

“The next phase of digital finance will not be defined by payments alone. Across our markets, the basic payment infrastructure is increasingly in place.

Naira strengthens to N1,362/$, extends gains against dollar

The improvement comes amid shifting global currency trends, as the U.S. dollar weakened against major currencies following easing geopolitical tensions.

Hene Kwapong urges review of BoG policy framework amid losses

He explained that central banking often operates within what he described as an “impossible triangle” involving banking independence, foreign exchange stability, and capital controls.

Rand under pressure

Notably, higher US interest rates tend to weaken the rand and EM currencies generally, she noted, along with commodity currencies.

Ghana shifts from stabilisation to job creation, growth reset – Mahama

The President noted that Ghana is moving beyond macroeconomic stabilisation toward job creation and broader growth, pledging that workers will be first to benefit from economic stability.

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.

Regulation,Tax & Compliance