Managers of Wealth Africa

Good news for petrol prices and interest rates in South Africa next month

The main contributor to the small downward shift is the oil price, which edged above $80 a barrel after rising almost 4% last week.

Afreximbank to grow intra-African trade financing to $40bn by 2026

The aim was to identify key challenges in achieving full continental integration and to engage in strategic dialogues for sustainable solutions.

Nedbank warning for pension fund members in South Africa

A third “vested” pot will hold the savings from before the implementation, except for a maximum of R30,000, which will be used as seed capital in the “savings” pot and will follow existing legislation.

The effect of the Retail Dutch Auction

This move is aimed at easing the demand pressure in the FX market and enhancing price discovery.

Good news for property owners in South Africa – except in three major cities

For existing homeowners, inflation is a positive development as the value of their properties goes up, resulting in higher sale values.

Invest in Commercial Solar and Access S12BA Tax Deductions

Initially focused on solar projects, this provision offered a 100% tax deduction over three years for projects over 1MW and an immediate 100% deduction on solar projects under 1MW.

South Africa losing its crown in Africa

The case for channelling investments into Africa is well-supported, given that sections of the continent are flourishing and boast untapped resources.

Reserve Bank has a new tool to help it decide on interest rates

It will also be used alongside headline and core inflation, which strips out food and non-alcoholic beverages, fuel and energy prices.

Step in the right direction for South Africa

The survey showed that both domestic and global demand has picked up, leading to higher activity.

Absa Bank Ghana, Mastercard Foundation invest over GHS 1.1 billion in 5,700 SMEs

The five-year programme, 2020-2025, has been instrumental in job creation and providing entrepreneurial support, particularly in underserved sectors and communities.

Boost for SMEs: Preference Capital and Absa launch merchant cash advance loans

Marking a milestone in the financial landscape, offering support and opportunities across various business sectors.

High inflation, slowing financial sector support for growth – Prof Ahiawodzi

Other factors were high interest rate, persistent depreciation of the Cedi against its major trading currencies

The turn for debt-ridden South Africans is coming, says Nedbank

The performance of certain subcategories also remained mixed.

Mozambique: MozParks presents investment opportunities at Arab Investment Forum

At MozParks, we are dedicated to driving industrial development and economic diversification in Mozambique.

The R1 trillion axe hanging over South Africa’s neck

To mitigate the risks to the financial sectors and exert pressure on fossil fuel-tied industries to adapt, some researchers suggest implementing new policy measures.

Beware these big retirement risks in South Africa

Those who are newly retired or approaching retirement can benefit from looking at three key tricks and making plans to mitigate them to ensure a steady standard of living.

Absa Young Africa Works project improves production, increases job opportunities

In October 2020 Absa Bank Ghana partnered the Mastercard Foundation to implement the Absa Young Africa Works project with the objective of creating 50,000 decent jobs for young men and women.

Things are looking up for employed South Africans

This is the result of South Africans taking more proactive steps for their financial future, including expanding revenue sources, improving debt management, practising prudent budgeting, and increasing savings.

Salaries in South Africa are getting wrecked

This would result in either zero real growth or another 0.4% decline in inflation-adjusted consumer buying power.

Unrelenting rise in headline inflation

The continuous depreciation of the naira also contributed to the elevated headline reading.

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