Managers of Wealth Africa

Good news gets better for interest rates in South Africa

This led to a multi-trillion-dollar sell-off globally, and investors taking major step back locally, waiting for the dust to settle.

Investors are partly to blame for SA’s problems – Ndlozi

Former EFF MP says ‘wrong’ investment decisions are causing unemployment, while Moeletsi Mbeki offers a different perspective.

Access, Zenith, six other banks grow investment securities to N41.7tn

United Bank for Africa led the pack with N13.13tn in investment securities in March

Huge relief for South Africans coming soon

The lower petrol prices come courtesy of steep declines in global oil, where spot prices have dropped below $62 a barrel.

Ghana must invest in its own growth – Stanbic Bank CEO

The event brought together over 350 stakeholders including institutional investors, development finance institutions, and fund managers.

R100bn Transformation Fund hopes to spend R20bn a year

But not everyone thinks it is a good idea – it’s far larger but also more complex than other institutions with similar aims of boosting black participation in the economy through financial and non-financial support.

Tinubu approves plan to attract $122bn power investments

The policy aims to unlock $122.2bn in investments to overhaul Nigeria’s power sector.

Zylus Group unveils asset management firm to enhance value-driven solutions across sectors

With Trustline Capital onboard, we are deepening our capacity to help clients grow and secure their financial futures

Fidelity Bank Launches Orange Inspire to Empower Ghana's Creative Economy

The aim is to make a meaningful difference in an industry that has too often been overlooked by banks and policy makers alike.

Fitch maintains Ghana’s 2025 GDP at 4.2%

The report noted that counterbalance in gold prices, combined with lower energy costs, would drive the current account surplus to a record 6.9 per cent of GDP in 2025

A marked m/m contraction in revenue in Jan ‘25

Regarding drivers, the marked m/m reduction in the overall federal revenue was primarily driven by weaker oil receipts

The rising burden of external debt service

However, on a sequential basis, the external debt service cost decreased by -19% q/q.

A deterioration in global trade outlook driven by tariff war

The sharp downgrade was primarily attributed to the higher tariff environment and heightened global trade uncertainty

JSE reaches a new high

Banking, retail and property stocks have been buoyed by expectations of a Sarb repo rate cut in May.

The South African CEO whose pay fell from R290 million to R50 million in three years

Following the company’s strong performance in 2021, buoyed by a commodity boom, Froneman’s single-figure remuneration rose to an eye-watering R292 million, which was linked to long-term share incentives.

FG, States, LGs Share N4.9tn in Q1 as FAAC Allocation Rises by 44.7%

A review of the data for the first three months of this year indicated that in January 2025, all the tiers of government shared a total of N1.7 trillion from the Federation Account

Afrexim bank launches $3b revolving Intra-African oil import financing programme

Afreximbank is the largest financier of the Dangote refinery

FG, W/Bank aligning agenda to digitally empower young Nigerians — Edun

According to him, the government would provide digital infrastructure to enable young Nigerians to have access to the internet.

Capitec triples number of staff earning R250k to R500k a year

And departing CEO Gerrie Fourie scores R105m pay day …

World Bank projects 3.6% economic growth for Nigeria

According to the World Bank, the projected recovery is anchored on improved performance in non-oil sectors

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