Managers of Wealth Africa

Q/q increase in CIT receipts

The amount marks a considerable increase in CIT revenues compared to the NGN984bn

A y/y rise in merchandise trade value

A breakdown of the figure shows total export and import trade values of NGN19.4trn

New South African bank ready to take on Capitec

Old Mutual recently announced that it has appointed Clarence Nethengwe as the bank’s new chief executive.

Gold expected to hit another record

None of the world’s political uncertainties, escalating wars or economic difficulties is going away soon.

Global Finance Names The Best SME Banks 2025

Winners have also been named in 72 countries, territories and districts and six US regions.

HSBC in talks to sell South African unit to FirstRand

HSBC Holdings is in talks to sell its South African corporate banking business to a unit of FirstRand.

The rise of captive insurance in Mauritius as a strategic value-add

The more mature the business, the more sophisticated the solution required to appropriately manage risk and enhance profitability.

Withdrawing from that one pot will cost you dearly …

You will pay tax and lose the compound returns on the money you take now, with the result that your retirement fund will be as much as 10 times lower than the withdrawal

GIP partners Fido to deepen financial inclusion

This investment will empower Fido to further expand its reach

Absa Bank Kenya keeps businesses going in tough times

The lender has achieved 8.4 percent growth in non-funded income

GCB crowned CIMG Marketing-Oriented Bank 2023

The bank said the awards underscored its unwavering commitment to delivering cutting-edge solutions

Trustees urged to hang tight with investment strategies as two-pot takes effect

While called the two-pot system, the new legislation essentially divides pension funds into three: a savings pot, a vested pot and a retirement pot.

Significant gap to achieving broadband target

Despite a 2.5% y/y increase in subscriptions to 94.2 million in Mar '24

A m/m increase in net fx flow

This decrease in FX inflow closely reflects the declining FX revenue from the oil sector, which is the primary source of the nation's export earnings.

Massive two-pot payday for SARS

For 13% of requests, SARS issued an IT88 — which is where a member has outstanding tax from a previous period or has not submitted one or more annual tax returns for their personal taxes.

South Africa’s diamond billionaire – worth R170 billion

At 21, Ernest, the son of a German cigar merchant, was sent by a London trading company to South Africa to buy diamonds – a trade he quickly mastered.

Big EFT changes for South Africa are here

That said, the Bank of Namibia extended the effective date of stopping processing cross-border EFT payments to 30 September 2024.

Sanlam expects ‘modest’ two-pot outflows

But insurer sees improved asset accumulation in the long term through increased preservation.

Ghana launches offer for $13 billion Eurobond

Ghana's economy has been in crisis for years and it is overhauling its debt under the G20 Common Framework.

Amazon ‘hiring like crazy’ in South Africa

Users have been particularly impressed by the 24/7 customer service, including the “Click to Call” option on the website.

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