Managers of Wealth Africa

Equity Group half-year profit down 24pc on high provision for defaults

Equity becomes the fourth top bank to post a drop in profit, majorly on increased provisioning for bad debts given the economic hardships facing borrowers.

Women’s buying power reshaping SA property market

Today, there are more women in the workplace than ever before, and they’re buying homes - no matter the size of their salary.

Beware misinformation around South Africa’s pension pot: Magnus Heystek

The following numbers you have never seen before, especially not from any one of the large investment houses in South Africa.

Bank explains N25b equity capital injections into operations

Eke said the group delivered a very robust financial performance, which demonstrates the resilience of the group and the successful execution of its strategy.

Algeria turns to Islamic finance to prop up economy

Some Muslims believe that the traditional banking system is incompatible with their faith.

World’s multilateral development banks invest $61.6b into climate projects

The 2019 report shows that $46.6 billion, or 76 per cent of total financing for the year, was devoted to climate change mitigation investments that aim to reduce harmful greenhouse gas emissions and slow down global warming.

Momentum expecting steep drop in earnings, says subsidiary was target of cyber attack

Momentum's full financial and operating result for the 12 months are expected to be released on September 9.

Covid-19 scourge disrupting how real estate is estimated

This development exacerbates an already depressed real estate market that has, over the past two years, continued to struggle under the weight of glut, low occupancy rates and poor price discovery.

‘Africa’s outlook is positive,’ African Development Bank tells Indian investors and officials

The African Development Bank and India have a long-standing strategic partnership dating back almost 40 years to 1982

UAE offers investors window of opportunity into Africa

Dubai has been playing a great role as a facilitator for people that are looking to test the waters in Africa.

A closer look at the Retirement Savings Account (RSAs)

RSA return is an amount equal to the total pension contribution made, plus investment returns.

Nigeria’s ATI membership to help attract investments

The IMF predicts that falling oil prices will halve Nigeria’s export earnings to US$26bn, which traditionally accounts for 90 per cent of the government’s budget.

Good returns outweigh high risk in African private equity investment

Region provides opportunities to those with a long-term view that will outlast current economic shocks

A Top Investor Says South Africa is in Debt-Trap ‘Twilight Zone’

The spread between 30-year government debt and 10-year government bonds could widen to as much as 300 basis points within a year, Futuregrowth said.

NCBA saves Sh222m by paying bond early

The bond was issued on December 22, 2014 by CBA Group which merged with the former NIC Group to create the NCBA Group.

CIC makes Sh336m loss in six months

The company’s borrowings rose marginally to Sh3.77 billion but refinancing of part of its debt at lower rates helped it save on interest expenses.

SA banks provide over R45bn in Covid-19 financial relief

More than 84 percent of individuals and 95 percent of businesses who requested help, received assistance.

Hope rises for annuity business

While the bickering lasted between the insurance and pension industry, the consumers of the product and the operators suffered.

Shares, bonds turnover increase at NSE in July

The NSE 20 share index ended July lower by 7.1 per cent, while the NSE All Share Index was down 3.2 per cent during the month.

Switching from Hard Sell to Soft Sell

If these new behaviours could be attributed to the impact of COVID-19, who can say how much longer we will wait to experience such positives regarding the regulatory environment and structure of the insurance industry in Nigeria.

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