Managers of Wealth Africa

Businesses prepare for grid collapse in South Africa

Over the course of last year, MTN deployed more than 2,000 generators to counter stage four and higher load-shedding.

Good news for first-time home buyers in South Africa

Ahead of the budget, property group Seeff called for the house price threshold for exemption from transfer duty to be increased as it had been at R1 million for more than two years.

Morningstar Announces Finalists for 2023 Morningstar Fund Awards – South Africa

The awards recognise those funds and asset managers that have served investors well over the long term

Mauritian firm acquires ailing lender Real People

The company, however, misappropriated the funds by wiring it to its South African parent firm, leading to a default on the outstanding sum of Sh1.3 billion owed to bondholders

Good news for anyone who owns a property under R5 million in Cape Town

Cape Town Mayor Geordin Hill-Lewis said the measures are being put in place to ease the pressure on households due to the rising cost of living in the country.

How payslips will look after new NSSF deductions

Kenyans earning Sh18,000 a month will, for instance, see their new taxable pay fall to Sh16,920 after the Sh1,080 NSSF deduction.

BlackRock, Standard Chartered join talks at new debt roundtable

Participants include officials from creditor countries China, India, Saudi Arabia, the United States and other wealthy Group of Seven democracies

Africa: Wanted - an African As World Bank Chief

But as always, elections will come and go; the swindled voters and their problems will always be here to provide material for researchers interested in finding out why a bird born in a cage thinks flying is a disease.

Another stellar outing for the DMO

Demand was strong across most maturities as reflected by the total sales-to-offer ratio of 2.1x.

Interest rates in South Africa nearing the peak: experts

In the most recent Monetary Policy Committee meeting, the central bank decided to only increase short-term interest rates by 25 basis points, which may be seen as a signal that the hiking cycle is reaching an end.

Equities Market Maintains Bullish Trend With N6bn Gain

It was followed by Linkage Assurance with 7.14% gain and a closing price of N0.45k then Consolidated Hallmark Insurance 4.62% to close at N0.68k.

South Africa on the cusp of an R18 billion energy boom

South Africa’s recent policy push towards renewable energy sources, alongside the failings of the national power utility Eskom has made an ideal climate for the battery storage market to thrive.

Forex reserves dip to 10-year low amid debt repayments

This emerged in a period when the country was expected to repay foreign debts estimated at Sh63 billion, according to the World Bank tracker of public debt.

Rand weakens through R18/$ for first time since November

Outlook for inflation and interest rates worsens as the currency dips

OPEC Fund, Africa Finance Corporation sign $50m loan to finance infrastructure development

The loan doubles the OPEC Fund’s commitment to AFC following an initial $50m 10-year loan provided in January 2021

Vivo firms grip on Kenya market with Engen deal

The number of Engen fuel stations in Kenya remains undisclosed but the oil marketer’s footprint is mainly concentrated in Nairobi.

Big jump in petrol prices expected for March

Global markets were in risk-off mode last week amid concerns that the continued strength in the US labour market could result in the US central bank keeping their policy interest higher for longer.

Government is investing R2.8 billion in one of South Africa’s fastest-growing cities

The conclusion of the transaction will result in GEPF owning 30% of AWIC for an estimated cash consideration of R2.8 billion.

Kenya’s 19 major projects hit by $532mln cut in foreign funding

Roads and energy infrastructure projects most impacted by funding cutbacks

February bond underperforms, investors go for T-bills

Investors instead oversubscribed by a wide margin the last three Treasury bill auctions

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