Managers of Wealth Africa

The biggest investors in South Africa

The latest survey also showed that 51 out of the 79 top asset managers achieved level b contributor status for BEE, an increase from the 49 out of 70 seen last year.

Most JSE shares fall in first quarter

Mining shares and a few property trusts are the only good performers, while problems at several smaller companies see their share prices crash.

Transcorp pretax profit jumps by 93%

Earnings per share appreciated to N40 compared to N19 in 2022, just as total assets grew by 20 per cent to N529.9bn in 2023.

Another blow for interest rate hopefuls in South Africa

Nedbank said its forecasts are generally in line with those presented by the SARB

The Impact of Insecurity in Railway Transit

This is due to its crucial role in supporting local supply value chains and promoting ease of business in general.

Nigeria’s insurance industry recorded robust growth in 2023 —NAICOM

The growth recorded in all key areas was attributed to the regulatory landscape

Steady increase in FAAC disbursements

The monthly rise in revenue distribution was mainly due to higher exchange rate gain, which more than doubled m/m to NGN607.4bn.

A further rise in public debt

The data shows that Nigeria's overall debt burden increased by +11% q/q to NGN97.3trn in Q4 '23.

Big problems ahead for rich South Africans

“Easing inflation will likely lead to higher consumer disposable income levels and higher real wage growth,” Momentum said.

Middle class hanging on by a thread in South Africa – and cutting interest rates won’t help

Standard Bank predicts that there will only be a slight moderation in inflation in 2024, with an average of 5% throughout the year.

Novare to enter Angola, expand Nigerian business amid positive reforms

The economy will also get a boost from expanding a 1,300km railway line connecting the port town of Lobito to the Democratic Republic of Congo and the Zambian Copperbelt.

Win as world’s largest asset management firm picks NSE

Blackrock actually made an investment into the equities

Interest rates in South Africa this week – the best you can hope for

Most market analysts expected a flat or slightly higher reading between 5.3% and 5.4%, with only a few outliers predicting a higher figure.

Tinubu okays infrastructure devt fund, FG eyes $25bn annually

According to the Presidency, the fund will also identify appropriate approaches in its investment strategy

Kenyan banks face pressure as African giants invade turf

Capital Market analysts predict that their entry in local market will bring new dynamics.

Afreximbank hunts for local staff…as US$80m ATC set to begin operations in Zim

Companies must express their interest by March 29.

Considerable ground to cover for pension coverage

This growth marks the strongest m/m growth rate of pension assets in recent months.

African Development Bank and Mozambique strengthen partnerships to boost regional infrastructure development and trade

The Mozambican government expressed gratitude for the Bank’s continued support for regional integration and green industrialization in Southern Africa.

This is the average take-home pay in South Africa right now

Although mediocre economic growth is forecast for 2024, it should still be better than 0.6% in 2023.

GHIB steps up efforts to bridge US$100bn trade finance gap

GHIB’s unique value proposition, Mr. Adansi explained, stems from its position as a London-based bank with deep Ghanaian roots, with the Bank of Ghana as the principal shareholder.

Alternative Investments