Managers of Wealth Africa

FirstRand deserves highest rating of the big four

Independent analyst Carmen Mpelwane unpacks FirstRand and Discovery results – one the market loved, the other it hated.

Standard Bank named one of the World’s Most Trusted Companies by Newsweek

Thousands of companies were assessed, with only one thousand making the final list.

UBA extends N157bn rights issue deadline as recapitalisation race heats up

UBA said the extension was designed to provide shareholders with additional time to fully exercise their rights and participate in the rights issue,” which involves 3.16 billion ordinary shares of 50 kobo each priced at N50 per share.

B20 South Africa | Absa group executive weighs in ahead of summit

This marks the first time the B20 process has been hosted on African soil, and places South Africa at the centre of global dialogue on inclusive growth and sustainable development.

Zenith Bank targets Francophone Africa with Ivory Coast push after capital boost

The move marks the lender’s most ambitious cross-border push in more than a decade and reflects growing competition among Nigeria’s largest banks to capture market share in Francophone Africa

South Africa's Nedbank sells Ecobank stake for $100m

Jason Quinn, group CEO of Nedbank, explains that the move aligns with the group's effort to "optimise its capital allocation and focus on core growth areas".

Absa Bank Mozambique Profit Falls to 13 Million Dollars in Six Months

Total liabilities increased to 83.6 billion meticais (1.3 billion dollars)

The 6 largest banks in South Africa

While South Africa contributes only six banks to the list of the top 100 in the Southern Africa region, they’ve dominated regional banking for years.

Absa : Announces Strategic Executive Leadership Appointments and Changes to Accelerate Pan-African Growth and Customer-Centric Focus

By reorganising through a Pan-African purview, Absa will be streamlining its operations, simplifying organisational designs and structures, and leveraging data and technology better to deliver enhanced value to customers.

South Africa’s biggest retailer opening even more stores across the country

Its core Supermarkets RSA segment saw Shoprite and Usave’s turnover increase by 5.9%, equating to sales growth of R6.5 billion from a substantial base of R110.1 billion.

Capitec Bank loses its crown as Africa’s most valuable bank. Here’s the new ranking

Last week, Capitec's market capitalisation reached R424 billion, overtaking FirstRand as Africa’s most valued bank.

Nedbank Commercial delivers banking that builds businesses

With our data and models we can anticipate what a client might need next and reach out first, says the bank’s Mark Rose.

South Africa has a new mobile operator

The system currently has four preset plans that range from 3GB at R169/pm to R499 p/m at 20GB.

Capitec is now the most valuable bank in Africa

South Africa’s biggest bank by customer numbers, Capitec has reported record profits for four straight years.

New bank taking on Capitec officially launches in South Africa

After a soft launch earlier this year, the bank is now officially open to the public.

Hammer blow to salaries in South Africa

According to BankservAfrica’s real take-home pay index, or BTPI, real incomes adjusted for inflation fell by 0.9%

Fidelity Bank to convene strategic panel on export financing at FNITCC Atlanta 2025

FNITCC serves as a bridge to close this gap.

How low-interest regime shrunk banks' half-year interest income

Particularly, income from loans and advances to customers dropped in the period compared to the previous year.

Absa secures regulatory approval to acquire parts of HSBC Mauritius

The official transition is planned to begin in the next few weeks.

Great news for African Bank customers in South Africa

The department had been courting the banks since April 2025 to join a new digital-first rollout of Smart ID and passport services to South Africans at large.

Retail Banking