Managers of Wealth Africa

South Africa needs to contain rising debt, says Mboweni

Finance Minister Tito Mboweni has attributed the country’s debit crisis to the public sector wage bill and government’s pattern of expenditure

Higher public debt threatens S.Africa's financial system, c.bank says

"The interconnectedness between the financial sector and the sovereign has emerged as a major threat to financial stability in South Africa," the document said.

UAE-based financial comparison website eyes expansion in Gulf, North Africa

140,000 customers have purchased a financial product from the BankOnUs website since its launch two years ago

How Safe is Investing in South Africa Right Now?

These shifts present opportunities for fresh thinking and new strategies around investments.

Bezos Backs Start-Up in Maiden Africa Investment

The company has 3 million users on its platform across Ghana, Uganda, Kenya, Tanzania, Rwanda, Nigeria and South Africa, and processes an average of 80,000 transactions daily, according to the statement.

‘Investment experts, adequate data, needed to drive growth in insurance, pension sectors’

Awo, who was a facilitator at the training, stressed that though insurance revolves round paying of premium and claims, it is, however, first an Investment targeted at curbing risk, as well as ensuring returns on investment.

Africa Oil & Power Releases Africa Energy Finance Report, Launches Dedicated Finance and Investment Event in 2021

The downloadable report aligns with the Energy Finance Forum, co-hosted as part of the upcoming AOP Conference & Exhibition 2021 (October 5-7) held in Cape Town

Temenos to expand to West Africa to target Francophone banks

Banking software provider Temenos plans to open an office in Côte d’Ivoire or Senegal to target francophone clients.

Kenya seeks three and a half year access to IMF emergency loans

The new funding to be accessed via the IMF Extended Credit Facility (ECF) which provides assistance to countries with protracted balance of payments problems is expected to support the country’s next phase of COVID-19 response.

South Africa descends deeper into junk after downgrades by Moody’s and Fitch

Only five of 23 economists surveyed by Bloomberg predicted Moody’s to cut the rating.

Over $20 billion pumped into crypto market by big investors

Institutional investors are largely responsible for the massive bullish trend presently playing out in the crypto market.

Nigeria’s Seso expands into SA, Ghana as it bids to ease property management in Africa

Seso Global, a one-stop platform for property management and transactions that began life in Nigeria, has expanded to South Africa and Ghana and is looking even further afield as it focuses on addressing a major challenge on the continent.

Should pension funds be used to bail out the government?

The Association for Savings and Investment voiced its objection to prescribed assets

What South Africans Need To Know About Offshore Investing

In South Africa, there are three primary retirement provisions – pension funds, preservation funds, and retirement annuities – which are each funded in specific ways.

Treasury will keep your retirement money for 3 years after emigration, say lawyers

The National Treasury is going ahead with a controversial plan to impose a three-year waiting period on these withdrawals for emigrating South Africans.

Life Healthcare SA revenue fell R2.3bn owing to Covid-19

Annual results. H1 could be described as ‘normal’, and H2 as ‘stressful’ but with a positive story: CEO Peter Wharton-Hood.

South Africa investment conference attracts $7 billion in new pledges

Ramaphosa said the new commitments were significant given the subdued global economic climate.

Arsenal takeover eyed by Nigerian billionaire businessman Orji Kalu who wants 35 per cent stake to ‘bring back trophies’

Nigerian billionaire Orji Kalu has declared his intention to buy a huge 35 per cent stake in Arsenal.

Deadlock over Old Mutual listing

The Old Mutual implied rate was used to determine forward value of the country's local currency. It was derived from Old Mutual's internal calculations of United States dollar value differences of its Harare, Johannesburg and London securities.

African Eurobonds Set for 2021 Comeback After Missing Rush

Developing nations including Mexico, Russia and China have tapped international debt markets in recent weeks to lock in lower borrowing costs as they recover from the economic impact of the coronavirus pandemic.

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