Managers of Wealth Africa

South Africa needs trillions of rands – and the private sector has the cash

In South Africa, former Minister of Forestry, Fisheries, and the Environment Barbara Creecy said R1.5 trillion would be needed by 2027 to hit required levels for the Just Energy Transition Investment Plan (JET IP).

Foreign investment in South Africa barely scratches R680 a person

The study is based on World Bank data for those years, with South Africa recording FDI of $3.44 billion in 2023, dropping to just $2.4 billion in 2024.

New bank could be a game changer for Old Mutual

The group will launch its new bank, OM Bank, in Q4 2025 and is currently refining processes and enhancing the service experience.

Kganyago’s inflation warning for South Africa

Price increases normally affect the nation that imposes tariffs, but if other countries start retaliating, “then you might have a general rise in prices globally,” he added.

One group of South Africans in deep financial trouble

According to the report, over 165,000 Millennials are spending more than 50% of their monthly income on servicing debt.

Empowering The Next Generation Of African Leaders

A big thank you to the teams at Absa Group and Duke CE for choosing Axis as part of this immersive learning journey.

Shrinking JSE means growing problems for your investments

Portfolios are increasingly concentrated in very few large stocks.

FG lists N4bn savings bonds on NGX

The first tranche is the 16.121 per cent FGS JUN 2027 bond, with a tenor of two years.

Zimbabwe hopes to service external debt

Zimbabwe wants to restructure its $21 billion debt, of which around $12.3 billion is owed to external creditors

Everest Wealth’s 65% hedge fund return: Too good to be true?

Alternative fund manager markets unregistered ‘in development’ hedge fund.

EFG Hermes advises on the signing of landmark $190mln investment in Alameda Healthcare by DPI

This transaction marks Egypt’s largest private equity healthcare investment to date, reinforcing investor confidence in backing fast-growing platforms in Egypt

Another bleak year as South Africa’s growth prospects cut in half

South Africa’s Treasury in May trimmed its growth forecast for the year to 1.4% from a prior 1.9%

Kenya looks to privatise state assets to draw private-sector investments, says President Ruto

Kenya is planning to privatise some state assets via initial public offerings in order to bring in more private sector investment, President William Ruto said in remarks at the London Stock Exchange on Wednesday.

South Africa's Nedbank Considers Selling Stake in Ecobank Group

Nedbank became ETI’s largest shareholder in 2008 through a $500 million investment and later formalized the partnership in 2014

Access Bank committed to unlocking Africa’s vast trade potential

This enables us to foster cross-border trade, offer tailored financial solutions, and stimulate job creation

Dr. Forson urges for right policies, investment for Africa’s integration

Dr. Ato Forson noted that Africa has for decades, weathered the storms of economic shocks, health crisis, climate disruptions, political uncertainties and global market shifts, and it was important to follow its own compass of development.

Are you employed if you work an hour a week? Stats SA says yes

The unemployment rate depends on your definition of employment …

Equity market loses N308bn as bullish run halts

Market activity showed mixed performance, with a total of 892.97 million shares valued at N18.23bn exchanged in 25,375 deals.

Another 140 businesses shut their doors in South Africa

Stats SA said that the liquidations of companies increased by 12 cases and the liquidations of close corporations increased by 4 cases during this period.

SARS is getting ready to nail these businesses in South Africa

South African businesses were caught in a storm of confusion between March and May as politicians sowed chaos around a VAT increase in 2025.

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