Managers of Wealth Africa

This property trend is heating up among rich South Africans

The report said that over 40% of South Africa’s homes valued at over $1 million are found within Cape Town’s prime seven suburbs

First Bank changes name of UK, African subsidiaries

The new identity of the subsidiaries contributes to an enhanced brand presence.

Bank of Kigali raises dividends as profit hits $54m

The latest dividend is a rise from Rwf28.7 ($0.026) that was paid for each ordinary share in the previous financial year.

KCB beats Safaricom in net assets

KCB entered the DRC market last year with the acquisition of an 85 percent stake in Trust Merchant Bank (TMB), in a deal that was closed in December.

South Africa raises key lending rate higher than expected to 7.75%

The rate increase was larger than the 25 basis point increase expected by the majority of economists polled by Reuters

Kenyattas, Equity CEO top in Sh63bn bank dividends

The Ndegwas will earn Sh876 million on their 12.52 percent ownership in the same bank, which was created following the merger of the former NIC Group and CBA Group.

The businesses hardest hit by liquidations in South Africa

January this year reported 81 liquidations, the lowest number in the last six years, with January 2017 being the second lowest at 91.

Equity, KCB pile pressure on Safaricom in profitability race

This follows a back-to-back profit drop by Safaricom in the year ended March 2022.

Mauritian firm to spend Sh2bn in expansion of Orbit factory

Grit purchased the Orbit facility in a deal worth $53.6 million (Sh7 billion), adding to its growing portfolio of commercial real estate in the country.

South Africa's grey listing hits local firms but not our ambitions to grow business links

In essence it means increased bureaucratic hurdles, firms will need to review customers connected to South Africa and apply full customer due diligence where they may have previously used a concession.

UK's BII commits €20mln to Africa-focussed urban resilience fund

TURF will invest sustainable public infrastructure projects in sub-Saharan Africa

2 African development banks invest $16bln in oil, gas projects

African Export-Import Bank’s oil, gas portfolio exceeds $15bln, says official

How much it pays to be CEO at South Africa’s state-owned companies

While company chief executives are the top earners, they are by no means the only ones pulling in multiple million-rand salaries.

Morningstar Announces Winners for 2023 Morningstar Fund Awards – South Africa

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

What to Know Before Seeking Growth Capital in Nigeria

Growth capital can be a great way to finance business expansion and development without taking on bank loans

Baloobhai buys Sh181m extra stake in Co-op Bank

This led to his stake in the country’s third largest bank rising to 0.94 percent –with a current market value of Sh683.8 million— from 0.69 percent over the same period.

Pension assets post muted growth amid weak markets

Last year, the stock market was hit by sustained foreign investor selling as capital flowed from smaller markets to the safety of the US due to global economic uncertainties partly caused by the Russia-Ukraine war.

Ramokgopa says power cuts make SA a hard sell

The electricity minister is on a weeklong tour to assess national power stations

Big changes coming to banks across South Africa

The new system allows consumers using popular commercial banks to send up to R3,000 with just a phone number instead of a bank account number.

Prices for these properties in South Africa are rising much faster than the rest

By comparison, the mid-value residential property is only sitting at 3.4%, still the second highest segment.

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