Managers of Wealth Africa

Equity market rebounds as investors gain N338bn

A total of 569,626,853 million units of shares worth over N8.69bn were traded on the NGX in 8,404 deals.

South Africa's Growthpoint posts marginal rise in distributable income

Growthpoint said distributable income per share, the primary measure of underlying financial performance in the listed property sector, rose to 157.6 cents in the year to June 30

Afreximbank announces first half 2023 results delivers strong 1H financials performance

The liquidity position remained strong at US$3 billion, representing 11% of total assets and achieving a Liquidity Coverage ratio of 310%

Inflation: Pensioners are worse hit —Nigeria

The Nigerian Union of Pensioners (NUP) has said pensioners are the most affected by the inflation, following the removal of fuel subsidy in the country

African countries face steep costs in global credit market

When someone can get five or six percent in the US then it becomes more challenging to convince them of a similar yield on an African asset.

Ecobank’s newly-launched Single Market Trade Hub promoting intraAfrican trade

Alinafe Chikudzu unpacked that Trade Hub connects traders across Africa, within the 1.4 billion people single market framework of the African Continental Free Trade Area (AfCFTA).

Newly launched SanlamAllianz to provide insurance and financial services in 27 African markets

SanlamAllianz’s ambition is to be among the top three players, in both market share and profitability, in the markets where the company will operate.

Where to next for South Africa’s economy

Economists at Absa said that GDP in the first half of the year was stronger than expected but stressed that South Africa’s economy is still incredibly vulnerable to load shedding.

Big turn for South Africans earning more than R20,000 a month

Although the index recovered in Q3 2023, the reading of -16 is still well below the long-running average of -16

President Ruto, Raila Odinga talks spur first business growth in seven months

“Job creation accelerated and purchasing activity picked up, whilst firms grew more confident about their output prospects.”

Tables turn for businesses in South Africa

The recovery in output allowed businesses to hire more staff and purchase more, despite the strong increases in salaries and material prices.

Bourse starts index for top 10 firms

NSE said the new index will be based on market capitalisation float-adjusted methodology, with the constituent companies’ list being reviewed semi-annually.

IFC invests Sh7bn in fund for Africa, Asia projects

The funding will go towards transport infrastructure projects, and supply chains to help tackle food insecurity and climate-related issues in Africa and South Asia.

There is a plan to save South Africa’s finances – but it doesn’t play well with politics

Reduce non-essential travel unless funded by non-government resources.

R100 million houses in South Africa – this is what a life of luxury looks like

He added that the Cape Winelands region and Plettenberg Bay and Knysna on the garden route are also seeing robust demand for luxury properties.

Traders buy Sh213m Fahari shares with eye on profit ahead of buyout

Including transaction charges, the investors’ cost per share settles at about Sh9.

Big win for businesses and consumers in South Africa

Although the SARB has remained wary over inflation, the drop in PPI should mean that consumer prices will continue to ease – albeit from a high base.

StanChart sets Sh145,000 capital limit for offshore investments

The fund is available to all clients via the mobile app

Food prices still hammering consumers in South Africa

Headline inflation is now at 4.6% in July, down from 5.4% in June.

Westbrooke's UK private debt fund achieves R400m record raise from SA investors

This is notable as the large portion of the fund’s investor base comprises South African connected capital.

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