Managers of Wealth Africa

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.

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.

Regulation,Tax & Compliance