Managers of Wealth Africa

GDP growth constrained by structural factors

We have included only those sectors representing at least 1% of constant-price GDP.

Sanlam to acquire 25% stake in Tymebank owner

According to its chief executive officer, Coenraad Jonker, TymeBank, which is also backed by China’s Tencent Holdings Ltd., is valued at close to $1 billion.

FITC, Malize Win Business Excellence, African Woman Leadership Award

The award was in recognition of her game-changing work at FITC driving innovation, transformation and inspiring leadership.

South African bank up for sale as Bidvest boosts profits

The Commercial Products and Automotive divisions faced headwinds due to the high renewables base and a declining new vehicle market.

The two-pot system is here – fund members in South Africa beware

The system is designed to ensure South Africans can access some of their savings in an emergency while maintaining the majority of their funds for retirement.

Forex crisis: Nigeria’s foreign trade payments crash by 57%

An analysis of the CBN data showed that the highest LC payments this year were recorded in February at $102.59m, followed by July at $79.65m and $58.33m in January.

A stronger GDP growth in Q2 ‘24

The stronger growth in Q2 ’24 was buoyed by the sustained expansion in both the oil and non-oil economy.

Moderation in inflation expectations

Today, we examine data from the price watch series

Red flags for South Africans earning over R20,000 per month

The combination of high inflation, stagnant income growth, and the steep cost of borrowing has pushed many to rely on unsecured loans to cover daily expenses.

How much money you need to retire in South Africa

Personal finance experts generally recommend that individuals should aim to replace at least 75% of their final income at retirement to maintain their standard of living.

Green Bonds can attract investors to Ghana’s Financial Market — Fidelity Bank boss

With the right policies and collaboration, collaboration his belief that green bonds could “create social good while driving long-term value.”

NGX maintains bullish as investors gain N271.6bn

Investors capitalized on this positive momentum, pushing the market capitalization of listed equities to N55.44 trillion, an impressive gain of N271.61 billion for the day.

R5,000 per month pain for homeowners in South Africa almost over

According to Lightstone’s data for the first quarter of 2024, the average property value in South Africa stood at R1,377,014.

Africa Prudential declares N791m profit

Giwa mentioned that the company’s earnings per share for the period reached 39 kobo, while profit before tax stood at N1.13bn.

Ecobank Launches Custody Business in Nigeria

Custody services are already being offered in some other countries where Ecobank has operations

A Solution To South African Unemployment And Economic Growth

SMMEs have played a crucial role in democratizing the labor market and driving inclusive economic growth.

FG plans fresh $100bn investments

The two government officials spoke at the National Economic Dialogue 2024 organised by the Nigerian Economic Summit Group on Wednesday in Abuja.

Nedgroup Investments outsources to Northern Trust

Northern Trust will support Nedgroup Investments with its new fixed income platform through its Integrated Trading Solutions (ITS) offering.

Relm expands global presence

Relm’s Dubai-based affiliate has a licence authorised by the Dubai Financial Services Authority.

Development cooperation must focus on areas driving Africa’s growth – Akufo-Addo

To achieve the continent’s transformation, it is imperative to target structural reforms that address the root cause of underdevelopment

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