Managers of Wealth Africa

New government bank for South Africa is coming

The DWYPD outlined its plan for the bank in March 2024, where it provided a timeline and implementation plan for operations.

Afreximbank and Uganda Development Bank sign project preparation financing agreement

Mr. Maitum noted that several transformative project ideas remain unimplemented in Uganda due to the limited availability of technical and financial support to ensure Bankability.

Apex Group to administer first of a kind climate fund to boost green investment

The fund will allow institutional investors to participate in the equity of established utility-scale renewable energy projects in African markets.

South Africa infrastructure spend plans soar as energy woes ease

The value of announced new projects jumped to an annualised R793.7bn in the first six months.

Another major company in South Africa enters business rescue

The business rescue comes only months after the group raised roughly R155 million ($8 million) from venture capitalists.

Allan Gray warning over South Africa’s new retirement system – going live next month

The new system, which has been established as an answer to the financial difficulties many South Africans hit during the Covid-19 pandemic, will ultimately be set up with a ‘savings’ and ‘retirement’ pot.

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.

Alternative Investments