Managers of Wealth Africa

Investing during Covid-19

As if there isn’t enough to worry about during the coronavirus pandemic, many people have seen their investments tank over the past few weeks.

The one job skill that stands out in South Africa’s deeply scarred labour market

Hiring activity for middle and departmental managers decreased by 47% during April.

African Guarantee Fund Announces Response to Economic Impact of COVID-19

Fund Unveils COVID-19 Guarantee Facility Aimed at Reducing Financial Uncertainties Resulting from the Pandemic

Pension fund operators invest N47.32bn in infrastructure

The law and guidelines for investment of pension fund made provisions for investment in infrastructure.

Insurance group Liberty braces for a bumpy 2020

Already the insurer will be losing millions of rands as it has given its customers premium reduction and holiday options on certain products up until the end of September.

Big four banks take 'meaningful' stake in AfriSam in debt swap deal

The company said the restructuring of its debt had necessitated changes in its board.

TradeATF gets award as best mobile trading platform

The mobile version of the Forex platform can synchronously carry out three types of operations, including Instant execution, start or stop a pending order, open or close a deal.

Standard Bank Brokers IPO For Malawi’s Most Popular Brand

Standard Bank Group acted as the Lead Transaction Advisor, Transfer Secretary and Receiving Bank on the transaction

Total Pension Assets Rise To N10.5trn

The operators invested N7.8bn and N29.9bn in foreign money market securities and mutual funds, while N532.4bn and N65.04bn were invested in domestic ordinary shares and foreign ordinary shares respectively.

Companies Suspend Pension Schemes As Covid-19 Continues To Bite

Companies will also have to remit varied contributions for employees who have taken pay cuts or those stills earning full salaries in the new RBA guidelines.

Nigeria to ensure orderly foreign investor exits after oil price crash

A signal it expects further depreciation

South Africans don’t trust insurers to have their backs in time of need: Index

Only a handful of providers meet and exceed customer expectations, Consulta said.

Africa’s Top Investment Destination Could Suffer Its Biggest Loss In The Last 3 Years

Egypt’s economy is heavily based on tourism, trade, gas and exports.

African Banks find solace in 12% bond yields as lending dries up

‘Many banks will want to preserve their capital by taking as little risk as possible and then invest in government securities.’

Vantage exits Vumatel

Vumatel started out its life rolling out South Africa’s first fibre optic network to homes in Parkhurst by partnering with internet service providers who provided connectivity to their residential customers whilst Vumatel remained the owner and oper

Morgan Stanley-backed fund to buy virus-hit South African firms

Africa's most-industrialised economy was in a recession even before measures to contain the coronavirus brought businesses to an abrupt halt.

Government Announces Victoria Falls Securities Exchange To Attract Offshore Capital

As a global securities exchange, VFEX will seek partnerships with other global exchanges and partners around the world, and become a truly global platform.

Banks have given customers over R7.74bn in cashflow relief

SA banks are helping ensure that money still circulates in the economy, and businesses’ payment systems are kept as viable as possible: Banking Association MD Bongiwe Kunene.

Africa: COVID-19, Gold Demand and the Gold-Backed Stablecoin Opportunity

Investors turn to securities lending to unlock value

Latest report on securities lending activities at the Nigerian stock market showed that volume of shares and bonds lent out under securities lending arrangement rose by 7,986 per cent

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