Managers of Wealth Africa

Divorce and your retirement savings in South Africa

A pension interest distinguishes between pension interest in a retirement annuity fund

S.Africa's Sanlam reports 24% rise in full-year profit, declares dividend

Other underlying metrics did suffer, with its measure of operating profit falling 23% and its basic earnings per share plunging 60%.

African Development Bank named the World's Best Multilateral Financial Institution 2021 by Global Finance

This award represents clear support to the operational strategy that the African Development Bank has been pursuing under the able leadership of its President, Dr. Akinwumi A. Adesina, unanimously re-elected for a second consecutive five-year term as head

HFW Advises Chedid Capital on Acquisition of Africa Insurance Broke

HFW's team advising Chedid Capital comprised Costas Frangeskides, Alex Kyriakoulis, Nick Hutton, William Reddie, Daniel Li and Katherine Noble.

The three challenges facing African finance in 2021

Despite this negative outlook, the financial industry will not be the biggest casualty of the ongoing crisis, even if the worst of the shock is yet to come.

FNB snaps up record 6m digitally-active users

According to FNB, economic strain and the expiry of temporary credit relief measures impacted some customers, resulting in non-performing loans increasing by 26%.

State floats Sh50bn bond as investors seek higher rates

The sale, however comes at a time when investors are tipped to demand higher rates on government paper, given the large deficit for the fiscal year combined with below-par revenue performance.

Mauritius gets downgrade ratings to Baa2: Moody’s

The latter represents a source of a common shock for both Government and non Government issuers.

Equity sets aside Sh75bn for SMEs

The loans would be issued through local banks which would be partly reimbursed for defaults alongside collateral provided by SMEs.

Cape Town to develop a ‘second CBD’

“We are establishing strategic forums to engage academic institutions, the business sector and civil society, which will assist our short, medium and long-term goals of revitalising the Bellville CBD.”

ECOWAS Bank Seals €40m Deal to Support SMEs

The framework agreement consists of an uncommitted credit line of €40 million provided by the ODDO BHF AG to the EBID under which individual loan agreements could be concluded.

Bonds, equities turnover at NSE up in February

There was a rise in demand from local investors, with foreign investors in turn cashing in on the gains to reverse the net sales they had made in January.

CBZ chair punts agritech, mining in push for UAE investment in Zimbabwe

“In particular, the UAE is everywhere and dominant,” he said. “It’s been especially aggressive through strategic investors,” he said.

Ghanaian Banks Well-Positioned for Higher Asset Quality Risk

Profitability has been resilient to the weakened operating environment

Global Business Forum roadshows identify new business opportunities in African markets

Series of 6 virtual roadshows joined by over 60 prominent businessmen, trade officials and other stakeholders from a wide range of economic sectors in East Africa, West Africa and Southern Africa

Sasfin interim profit tumbles on Covid-19 lockdown impact

Proactive cost management saw total costs decline by 6.55%, resulting in the group’s cost-to-income ratio improving by 3.85% to 70.48% (2019: 74.33%).

Why Zimbabwe and Rwanda could offer ripe opportunities for Gulf investors

Marc Holtzman, chairman of one of the largest financial institutions in Zimbabwe, CBZ Holdings Limited, discusses how Africa could offer trade and investment opportunities for Middle Eastern businesses

Mortgage firm enters Rwandan market, sets eyes on local bank

This is the first time that Kigali is hosting the African hub of a non-Rwandan financial group.

Business hope alive in Zim – Old Mutual

Annual inflation in Zimbabwe in January rose to 362,6% – the first increase in six months.

SouthBridge Investments announces an innovative joint venture with Charles Kié as a CEO

SBNA will act as a “permanent capital fund” aiming to attract investors who take a long-term view on Africa

Alternative Investments