Managers of Wealth Africa

New rules for foreigners buying property in South Africa

Foreign buyers are increasingly buying property in South Africa, especially in the luxury and ultra-luxury segments.

FAAC distributes N2.55 trillion as June gross revenue rises 32.6% to N4.5 trillion

The distributable revenue comprised N1.809 trillion from statutory revenue and N740.724 billion from Value Added Tax (VAT), representing the two major revenue streams shared among the three tiers of government.

CBN repays N2.97 trillion OMO bills after N2.5 trillion auctions on Monday

…Investors pour N2.55trn in bids on Strong Demand for 127-Day Paper despite moderating yields

New eviction laws coming to South Africa – with a R2 million fine or jail time on the table

Courts are being required to look beyond ownership and consider the broader context

Nigeria’s overnight funding market hits N97.45 trillion in June, highest since launch

...Average daily market activity rises 10.9% as benchmark overnight funding rate holds steady at 22%

Warning to South Africans with retirement funds

This is at the upper end of the Reserve Bank’s new tolerance band, which allows for swings of one percentage point around the 3% target.

Awosika urges entrepreneurs to embrace leadership, humility, financial discipline

She added that true leadership is about influence rather than authority.

T-bills auction: Government exceeds target by 77%; but to pay more for one-year bill at maturity

The government received GH¢10.03 billion of the bids from the investors.

CBN’s proposed HoldCo capital rules could trigger investor fatigue, shareholders warn

The concerns come as the July 9, 2026 deadline for stakeholder comments on the draft guidelines elapsed.

Rand takes a hit

Trump called the ceasefire “a waste of time” after the US launched strikes against Iran in response to attacks on ships transiting the Strait of Hormuz.

SARS nailed for R35 million

The court ruled in favour of QI, overturning the SARS Commissioner’s decision that held QI liable for over R35 million related to fuel shipments transported from Mozambique to Zimbabwe and Botswana.

Fitch warns climate risks could weaken Nigerian banks’ credit quality

Agriculture-related borrowers also face growing uncertainty as extreme weather events, including floods and droughts, become more frequent and severe.

SARS clarifies new mandatory travel rule for people entering or leaving South Africa

SARS said the system has been implemented to strengthen data integration and enhance the monitoring, analysis, and reporting of cross-border activities.

Pensioners hail Tinubu over N39.6bn arrears payment

He said the gesture, alongside other pension interventions by the Federal Government, had strengthened confidence in the administration’s commitment to the welfare of elderly citizens.

The bank account scam that could land victims in jail in South Africa

Makhetloane shared an example in which a malicious actor reaches out to someone on social media.

Another company South Africans are being warned to steer clear of

The regulator also alleged that financial advice was being provided by individuals who were not authorised representatives

FNB removes initiation fees from its Credit Switch solution

FNB removes initiation fees from its Credit Switch solution as more South Africans look to simplify debt repayments

Africa's most currencies expected to be stable

Nigeria's naira is likely to be supported by ‌central bank dollar sales

South Africa plans to tap existing rand sukuk bonds this year

The planned rand sukuk issuance comes as government explores multiple funding avenues to support fiscal and economic priorities.

Good news about interest rates in South Africa this month

The South African Reserve Bank’s (SARB’s) Monetary Policy Committee (MPC) will meet later this month to set interest rates.

Regulation,Tax & Compliance