Managers of Wealth Africa

Sanlam posts Sh99m loss, invests in tech to navigate Covid

According to Tumbo, the Coronavirus pandemic has affected the supply of goods and services as well as consumption at all levels, both locally and globally.

State mortgage firm to raise green bond 2021

The aim of the KMRC is to test the market for the green bond. It will seek to do book-building in advance in order to establish the appetite and expected return of the targeted investors.

South Sudan runs out of foreign exchange reserves as pound falls

"(It) is difficult for us now at this moment to stop this rapid exchange rate (decline) because we don't have the reserve for us to intervene in the market," he told reporters.

Standard Bank: More profit cuts expected as first-half earnings plunge

Standard Bank is the first of South Africa’s lenders to report earnings after a lockdown introduced in March to slow the spread of Covid-19 curbed economic output.

Eurobonds: A simple explanation of what they are

The Eurobond only means the issuer isn’t in the same country or trading in the local currency of the investor/lender.

Government to launch US$500 million gold IPO in September

In July, Parliament passed amendments to the act to facilitate the realisation of the transaction.

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.

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