Managers of Wealth Africa

Mixed results for major investors in South Africa

“Despite short-term challenges, our attention is firmly fixed on the compelling long-term opportunity”.

A q/q and y/y decrease in merchandise trade value in Q4

This decline was primarily due to a reduction in import trade

Investors hopeful for South Africa – but they’ve been wrong before

A new government must be sworn in by June 17, and the anticipated coalition might look quite different from the previous forecast.

JSE in serious trouble

By the end of 2023, 11 delistings had taken place, with two more delistings occurring so far in 2024.

Stanbic IBTC named fastest-growing Nigerian brand

We are honoured to receive this accolade

FBN Holdings revenue surges by 181%

The group declared that those figures reflected the shifting dynamics in its interest income and expenses

FirstBank Achieves Robust Growth, Reports N238.53 Billion PBT in Q1 2024

FBN Holdings also reported N730.3 billion in gross earnings for Q1 2024, up 181.4% from N259.5 billion in Q1 2023.

Africa Investment Forum Bankability Series showcases Innovative Approaches to Attract Global Capital to Africa

The Africa Investment Forum will hold follow-up roundtables focusing on the role of technology in enhancing project bankability and development.

Investors in Fidelity Bank Stock Earns 507% Gain in Five-years

These returns underscore Fidelity Banks immense value as a stock for all times, helping investors to hedge against inflation while preserving significant long-term value.

Equity market sustains bullish run as investors gain N259bn

The increased trading activity dominated the day’s trade with the exchange recording 32 gainers and 12 losers.

Continued rise in the cost of capital

This decision follows significant increases in the MPR at the previous meetings in February and March

Finance and Insurance the best performer in Q1

Additionally, the oil sector made a significant contribution with a 5.7% y/y expansion.

ADFD finances projects in 42 African countries worth Dh35.3 billion

In 2023, ADFD played a key role in a UAE-led initiative worth Dh16.5 billion

South Africa kisses over 500 businesses goodbye

On an industry-specific level, the financing, insurance, real estate and business services; and unclassified industries saw the most closures.

The International Banker 2024 Middle East & Africa Awards Winners

South Africa employs an inflation target band of 3–6 percent for the headline Consumer Price Index (CPI), as calculated by Statistics South Africa (Stats SA).

How South Africans are reaching their investment goals in 2024

Due to a rise in interest rates, savings become more valuable, therefore motivating South Africans to put more money away and spend less.

The top-paid banking CEOs in South Africa

This is no different for South Africa’s most prominent banking CEOs.

Investec is rocking

The rand had an average exchange rate of 23.54 to the pound over the period, up from 20.45 in FY23.

IOCs to invest $20bn in Nigeria –FG

For over a decade, the non-passage of the Petroleum Industry Act and inconsistent policies had driven investments away.

South Africa’s new bank — and its fight against Capitec

Once it has passed the tests, OM Bank will fully integrate into the National Payments System.

Alternative Investments