Managers of Wealth - Africa https://africa.managersofwealth.com/ Sat, 27 Jul 2024 09:40:11 BST part of MediaG8way Group https://africa.managersofwealth.com/ https://africa.managersofwealth.com/assets/images/logo.png Managers of Wealth - Africa KohanaPHP Africa’s best bank for wealth management: Standard Bank Wealth and Investment News Aggregation Team Monday, July 22, 2024 1:00 am https://africa.managersofwealth.com/article/38885/africaamprsquos-best-bank-for-wealth-management-standard-bank-wealth-and-investment Total private wealth in Africa is projected to expand by 30% to $2.6 trillion by the end of the decade Wealth and Asset Management The woman running the biggest bank in South Africa – now worth over R400 billion News Aggregation Team Tuesday, July 16, 2024 1:00 am https://africa.managersofwealth.com/article/38851/the-woman-running-the-biggest-bank-in-south-africa-ampndash-now-worth-over-r400-billion As the CEO of the corporate centre, she has oversight of the key central functions of risk, compliance, treasury and audit,” FirstRand said at the time of the announcement. Wealth and Asset Management Global Wealth Report 2024 News Team Thursday, July 11, 2024 1:00 am https://africa.managersofwealth.com/article/38827/global-wealth-report-2024 Wealth is steadily growing throughout the world – albeit at different speeds – with very few exceptions. Wealth and Asset Management FNB and RMB Private Bank scoop 6 awards at the Krutham top private banks and wealth managers awards News Aggregation Team Thursday, July 04, 2024 1:00 am https://africa.managersofwealth.com/article/38788/fnb-and-rmb-private-bank-scoop-6-awards-at-the-krutham-top-private-banks-and-wealth-managers-awards In addition, RMB Private Bank was crowned 1st place for the Executive archetype award. Wealth and Asset Management Krutham survey reveals SA's top private banks and wealth managers News Aggregation Team Monday, July 01, 2024 1:00 am https://africa.managersofwealth.com/article/38762/krutham-survey-reveals-saamp039s-top-private-banks-and-wealth-managers The Krutham (formerly Intellidex) Top Private Banks & Wealth Managers survey results were unveiled at a June 25, 2024 awards ceremony. Wealth and Asset Management Africa’s wealth landscape News Aggregation Team Wednesday, June 26, 2024 1:00 am https://africa.managersofwealth.com/article/38741/africaamprsquos-wealth-landscape A look at some of the significant economic stories that are shaping SA and the African continent. Wealth and Asset Management Bad news for salaries in South Africa News Aggregation Team Wednesday, June 26, 2024 1:00 am https://africa.managersofwealth.com/article/38743/bad-news-for-salaries-in-south-africa Gross earnings paid to employees decreased by R35.1 billion Wealth and Asset Management 44 jobs that pay more than the R27,000 average salary in South Africa News Aggregation Team Wednesday, June 26, 2024 1:00 am https://africa.managersofwealth.com/article/38744/44-jobs-that-pay-more-than-the-r27000-average-salary-in-south-africa The dataset covers earning estimates across over 90 job types in the formal, non-agricultural sector Wealth and Asset Management Dubai ranks 12th in Julius Baer’s Global Wealth and Lifestyle Report as relative ‘cost of living’ remains competitive compared to major global cities News Team Tuesday, June 25, 2024 1:00 am https://africa.managersofwealth.com/article/38728/dubai-ranks-12th-in-julius-baeramprsquos-global-wealth-and-lifestyle-report-as-relative-amplsquocost-of-livingamprsquo-remains-competitive-compared-to-major-global-cities Dubai is the 6th most expensive city in Europe, Middle East, and Africa (EMEA) and 12th in the global ranking of the Lifestyle index Wealth and Asset Management The Henley Private Wealth Migration Report 2024 News Team Wednesday, June 19, 2024 1:00 am https://africa.managersofwealth.com/article/38695/the-henley-private-wealth-migration-report-2024 Head of Research at New World Wealth, Andrew Amoils, says the benefits of this migration of wealth and talent to these destination countries are significant and wide ranging. Wealth and Asset Management UBA Ghana appoints Qazeem Bello & Lasisi Karimu to its Executive Management Team News Team Friday, July 26, 2024 1:00 am https://africa.managersofwealth.com/article/38919/uba-ghana-appoints-qazeem-bello-ampamp-lasisi-karimu-to-its-executive-management-team As UBA Ghana marks its 20th anniversary, the two new appointments will enhance decision-making processes Executive Moves Forty university students picked for new Equity Bank Uganda innovation hub News Aggregation Team Wednesday, July 24, 2024 1:00 am https://africa.managersofwealth.com/article/38904/forty-university-students-picked-for-new-equity-bank-uganda-innovation-hub The program also aims to empower young, academically gifted scholars by supporting their access to education in global universities Executive Moves Republic Bank appoints 3 new independent non-executive directors News Aggregation Team Friday, July 19, 2024 1:00 am https://africa.managersofwealth.com/article/38876/republic-bank-appoints-3-new-independent-non-executive-directors Her extensive service, the release added, also encompasses roles on a number of corporate boards. Executive Moves East African business council gets new boss News Aggregation Team Thursday, July 18, 2024 1:00 am https://africa.managersofwealth.com/article/38868/east-african-business-council-gets-new-boss The EABC board is chaired by Ms Angelina Ngalula of the Tanzania Private Sector Foundation (TPSF), who has been the chairperson since June 2022. Executive Moves Nedbank Private Wealth appoints new Executive Head of Wealth Management, Simon Gibbons News Team Wednesday, July 17, 2024 1:00 am https://africa.managersofwealth.com/article/38859/nedbank-private-wealth-appoints-new-executive-head-of-wealth-management-simon-gibbons Simon will report to Stuart Cummins, CEO of Nedbank Private Wealth. Executive Moves Transcorp Group CEO named LBSAA president News Aggregation Team Wednesday, July 17, 2024 1:00 am https://africa.managersofwealth.com/article/38865/transcorp-group-ceo-named-lbsaa-president She promised to bring her wealth of experience and remarkable track record in leadership and business transformation to the association. Executive Moves DBN appoints 5 new Independent Directors News Aggregation Team Friday, July 12, 2024 1:00 am https://africa.managersofwealth.com/article/38841/dbn-appoints-5-new-independent-directors Their diverse expertise and leadership will be instrumental as we continue to drive financial inclusion and support economic growth in Nigeria. Executive Moves Africa Finance Corporation appoints Banji Fehintola as Executive Director News Aggregation Team Wednesday, July 10, 2024 1:00 am https://africa.managersofwealth.com/article/38825/africa-finance-corporation-appoints-banji-fehintola-as-executive-director Banji brings extensive financial expertise and leadership experience to drive AFC’s strategic initiatives to further strengthen its financial position and enhance the Corporation’s growth trajectory. Executive Moves TymeBank announces new CEO as it eyes public listing News Aggregation Team Tuesday, July 09, 2024 1:00 am https://africa.managersofwealth.com/article/38813/tymebank-announces-new-ceo-as-it-eyes-public-listing The bank’s co-founder, Jonker has served as TymeBank CEO for just over two years Executive Moves EY Nigeria Announces Admission of Five New Partners News Aggregation Team Tuesday, July 09, 2024 1:00 am https://africa.managersofwealth.com/article/38815/ey-nigeria-announces-admission-of-five-new-partners The admission is part of the firm’s strategic move to continually invest in its personnel aimed at ensuring it has the right mix to succeed in delivering exceptional services and meet its obligations to clients. Executive Moves Brains behind South Africa's $130m bank scandal jailed News Aggregation Team Thursday, July 11, 2024 1:00 am https://africa.managersofwealth.com/article/38832/brains-behind-south-africaamp039s-130m-bank-scandal-jailed A report released in 2018 after the central bank ordered an investigation into the scandal dubbed it the "the great bank heist". Legal Big twist in rand manipulation case News Aggregation Team Wednesday, June 26, 2024 1:00 am https://africa.managersofwealth.com/article/38740/big-twist-in-rand-manipulation-case That was the barrier rate at which a $20 million option he bought from Morgan Stanley would pay out. Legal Lawyer drags bank before CBN over alleged N550m fraud News Aggregation Team Tuesday, June 04, 2024 1:00 am https://africa.managersofwealth.com/article/38612/lawyer-drags-bank-before-cbn-over-alleged-n550m-fraud Fixed Deposit Accounts were subsequently opened for Dr Agbai Eke Agbai with the above-mentioned account numbers. Legal NHI heads to court News Aggregation Team Wednesday, May 29, 2024 1:00 am https://africa.managersofwealth.com/article/38577/nhi-heads-to-court The legislation was signed into law by President Cyril Ramaphosa on May 15. Legal Hogan Lovells wins top honors in four categories at the IFLR Africa Awards News Team Thursday, May 09, 2024 1:00 am https://africa.managersofwealth.com/article/38471/hogan-lovells-wins-top-honors-in-four-categories-at-the-iflr-africa-awards The IFLR Awards showcases the exceptional accomplishments and valuable contributions within the legal and finance sectors. Legal Court dismisses N6.5billion debt recovery suit against Ex-Director of Intercontinental Bank News Aggregation Team Friday, May 03, 2024 1:00 am https://africa.managersofwealth.com/article/38449/court-dismisses-n65billion-debt-recovery-suit-against-ex-director-of-intercontinental-bank Joined as co-defendants in the dismissed suit are Stanzus Investment Ltd, Caronc Investment Ltd, Mr Stanley Ezenwa, Zephrenus Ezenwa and Chinwe Hilda Ezenwa Mbah Legal Former MASLOC CEO jailed 10 years in absentia for causing financial loss to the State News Aggregation Team Wednesday, April 17, 2024 1:00 am https://africa.managersofwealth.com/article/38365/former-masloc-ceo-jailed-10-years-in-absentia-for-causing-financial-loss-to-the-state Her accomplice, Daniel Axim, also a former Chief Operating Officer (COO) of the same Institution, was also incarcerated for five years in hard labour. Legal RAF and its chair and CEO avoid being declared in contempt of court News Aggregation Team Monday, April 15, 2024 1:00 am https://africa.managersofwealth.com/article/38346/raf-and-its-chair-and-ceo-avoid-being-declared-in-contempt-of-court Judge Wanless ordered the RAF to accept delivery “forthwith on 22 March 2024 before close of business” of Mabule’s documents Legal Binance chief: FG contacts INTERPOL, soldiers held over detainee’s escape News Aggregation Team Tuesday, March 26, 2024 12:00 am https://africa.managersofwealth.com/article/38241/binance-chief-fg-contacts-interpol-soldiers-held-over-detaineeamprsquos-escape The escape shocked security agencies Legal Former Scangroup CEO Bharat Thakrar files Sh4.3bn suit over ouster News Aggregation Team Monday, March 25, 2024 12:00 am https://africa.managersofwealth.com/article/38230/former-scangroup-ceo-bharat-thakrar-files-sh43bn-suit-over-ouster WPP, he alleges, gave Airtel Africa further defamatory and false statements Legal Access Bank Disburses N740bn Digital Loans In 6 Years News Aggregation Team Friday, July 26, 2024 1:00 am https://africa.managersofwealth.com/article/38920/access-bank-disburses-n740bn-digital-loans-in-6-years This is as the bank restated its commitment towards financial inclusion and meeting the needs of its retail customers by revamping its digital loan platform ‘Quickbucks’ to boost lending. FinTech ACDT warns Ghanaian banks of cyberattack risks amid global IT failure News Aggregation Team Thursday, July 25, 2024 1:00 am https://africa.managersofwealth.com/article/38907/acdt-warns-ghanaian-banks-of-cyberattack-risks-amid-global-it-failure The malicious package advises banks to install it to avoid connectivity issues with their internal network. FinTech How AI is Transforming SA Governance: Key Takeaways from CTU Training Solutions Webinar News Aggregation Team Wednesday, July 17, 2024 1:00 am https://africa.managersofwealth.com/article/38863/how-ai-is-transforming-sa-governance-key-takeaways-from-ctu-training-solutions-webinar Transparency and accountability are key in deploying AI systems in governance. FinTech African remittance app Nala raises $40 million to go global News Aggregation Team Wednesday, July 10, 2024 1:00 am https://africa.managersofwealth.com/article/38819/african-remittance-app-nala-raises-40-million-to-go-global With 500,000 customers onboard, the Nala team has grown from just seven members to over 100 staff. FinTech Transforming Banking In Ghana With Alternate Channels News Aggregation Team Wednesday, July 10, 2024 1:00 am https://africa.managersofwealth.com/article/38820/transforming-banking-in-ghana-with-alternate-channels Through mobile banking apps and USSD codes, customers can perform a wide range of banking transactions, including funds transfers, bill payments, airtime purchases, and account inquiries, anytime and anywhere. FinTech Digital transformation: The imperative for Ghanaian banks News Aggregation Team Wednesday, July 10, 2024 1:00 am https://africa.managersofwealth.com/article/38822/digital-transformation-the-imperative-for-ghanaian-banks Financial Institutions must work closely with regulators to understand evolving regulations and proactively implement IT solutions... FinTech Nigeria to build 90,000km fibre-optic to improve internet access — Minister News Aggregation Team Thursday, July 04, 2024 1:00 am https://africa.managersofwealth.com/article/38794/nigeria-to-build-90000km-fibre-optic-to-improve-internet-access-ampmdash-minister The funds will be allocated to various developmental projects FinTech Wema Bank Urges Digital Empowerment for MSMEs News Aggregation Team Wednesday, July 03, 2024 1:00 am https://africa.managersofwealth.com/article/38779/wema-bank-urges-digital-empowerment-for-msmes Tagged, “Call to Action: Provision of Sustainable Single-Digit Loans for MSMEs,” the event proffered sustainable financial solutions to provide affordable loans and funding for MSMEs, ensuring easy accessibility and availability. FinTech Standard Bank clarifies ‘security breach’ News Aggregation Team Wednesday, July 03, 2024 1:00 am https://africa.managersofwealth.com/article/38782/standard-bank-clarifies-amplsquosecurity-breachamprsquo Customers can also visit the Standard Bank’s Security Centre for details and tips to help avoid fraud. FinTech The biggest social media platforms in South Africa – with users giving Elon Musk’s X the boot News Aggregation Team Wednesday, July 03, 2024 1:00 am https://africa.managersofwealth.com/article/38783/the-biggest-social-media-platforms-in-south-africa-ampndash-with-users-giving-elon-muskamprsquos-x-the-boot The report uses interviews with 24,000 respondents who are aged 15+ and live in urban areas with 8,000 or more inhabitants. FinTech Absa taking strain, just like South African consumers News Aggregation Team Friday, July 26, 2024 1:00 am https://africa.managersofwealth.com/article/38915/absa-taking-strain-just-like-south-african-consumers Even the Rolls-Royce clients in the relationship banking unit have been under pressure Retail Banking Nigerian Banks forex revaluation gains estimated at N3.3 trillion, GTCO, Zenith Bank, Access Corp top list News Aggregation Team Friday, July 26, 2024 1:00 am https://africa.managersofwealth.com/article/38923/nigerian-banks-forex-revaluation-gains-estimated-at-n33-trillion-gtco-zenith-bank-access-corp-top-list The data is collated from the 2023 full year and first quarter 2024 financial statements released by the banks. Retail Banking FNBB named the Best Bank in Botswana News Aggregation Team Thursday, July 25, 2024 1:00 am https://africa.managersofwealth.com/article/38909/fnbb-named-the-best-bank-in-botswana This has ensured that the Bank remains at the forefront of the banking industry Retail Banking Report: Almost 50% of customers still prefer traditional banking News Aggregation Team Tuesday, July 23, 2024 1:00 am https://africa.managersofwealth.com/article/38891/report-almost-50-of-customers-still-prefer-traditional-banking The survey reveals that bank mobile apps are the most popular digital channels, with 64% of respondents choosing them, significantly more than USSD (16%) and web/Internet banking (16%). Retail Banking Banks strive to enhance deposit base — Five banks top chart News Aggregation Team Tuesday, July 23, 2024 1:00 am https://africa.managersofwealth.com/article/38892/banks-strive-to-enhance-deposit-base-ampmdash-five-banks-top-chart EBG and GCB continue to be the market leaders, growing their combined share marginally from 24.4 per cent in 2022 to 25.1 per cent in 2023. Retail Banking Zenith Bank tops tier-1 capital for 15th consecutive year News Aggregation Team Monday, July 22, 2024 1:00 am https://africa.managersofwealth.com/article/38888/zenith-bank-tops-tier-1-capital-for-15th-consecutive-year The UK-based publication stated that Zenith Bank’s ranking was on account of its continued financial strength and stability. Retail Banking Banks are dumping ATMs in South Africa News Aggregation Team Monday, July 22, 2024 1:00 am https://africa.managersofwealth.com/article/38889/banks-are-dumping-atms-in-south-africa As more customers transition to online and mobile banking, the demand for physical ATMs has decreased. Retail Banking Elizabeth Obeng Wins Most Outstanding Female in Rural Banking News Aggregation Team Friday, July 19, 2024 1:00 am https://africa.managersofwealth.com/article/38877/elizabeth-obeng-wins-most-outstanding-female-in-rural-banking She mentioned that this reflects her commitment to delivering the highest standards of quality customer satisfaction and also setting a benchmark for others to follow. Retail Banking The Emergence of the Capital Market and the Future of Commercial Banks in Ethiopia News Aggregation Team Friday, July 19, 2024 1:00 am https://africa.managersofwealth.com/article/38880/the-emergence-of-the-capital-market-and-the-future-of-commercial-banks-in-ethiopia This article explores the implications of this shift, analyzing how the capital market is poised to influence Ethiopia’s economy and the future trajectory of its banking sector. Retail Banking Tullow partners 12 banks to boost funding for local suppliers News Aggregation Team Thursday, July 18, 2024 1:00 am https://africa.managersofwealth.com/article/38871/tullow-partners-12-banks-to-boost-funding-for-local-suppliers Subsequently, the programme was launched with the local supplier base where more than 145 companies attended. Retail Banking ECOWAS Bank commits to inject $200m into Ghanaian economy News Aggregation Team Wednesday, May 15, 2024 1:00 am https://africa.managersofwealth.com/article/38506/ecowas-bank-commits-to-inject-200m-into-ghanaian-economy It noted that the agreement epitomises EBID’s unwavering dedication to fostering economic growth Investment Banking President William Ruto Advocates for $25 Billion Replenishment of African Development Fund, Highlights Impact on Kenya’s Development News Team Wednesday, May 15, 2024 1:00 am https://africa.managersofwealth.com/article/38507/president-william-ruto-advocates-for-25-billion-replenishment-of-african-development-fund-highlights-impact-on-kenyaamprsquos-development African Development Bank’s Adesina reiterates commitment to invest more in Kenya. Investment Banking Société Générale Leaves Ghana News Aggregation Team Tuesday, May 07, 2024 1:00 am https://africa.managersofwealth.com/article/38457/sociampeacutetampeacute-gampeacutenampeacuterale-leaves-ghana The action comes just a week after Société Générale signed deals with Saham Group to sell its Moroccan assets. Investment Banking “World Bank is Creditor of 29% of Mozambique’s External Debt” – Report News Aggregation Team Wednesday, April 24, 2024 1:00 am https://africa.managersofwealth.com/article/38406/ampldquoworld-bank-is-creditor-of-29-of-mozambiqueamprsquos-external-debtamprdquo-ampndash-report It appears to be maintaining a stabilisation trend, not least because the stock has not returned to the comparatively high levels of 2021 Investment Banking Stanbic Bank is joint arranger for Letshego Ghana’s GHS 500m bond programme News Aggregation Team Monday, April 22, 2024 1:00 am https://africa.managersofwealth.com/article/38384/stanbic-bank-is-joint-arranger-for-letshego-ghanaamprsquos-ghs-500m-bond-programme In the finance world, particularly in the business of lending and borrowing, trust serves as the cornerstone of every interaction with all stakeholders, from clients to investors. Investment Banking Abdullahi Adan: Banker leads Kenya's first shariah-compliant investment bank at SIB News Aggregation Team Friday, January 19, 2024 12:00 am https://africa.managersofwealth.com/article/37861/abdullahi-adan-banker-leads-kenyaamp039s-first-shariah-compliant-investment-bank-at-sib For me, it has been a really good learning experience in terms of the new markets, dynamics and the culture which is quite different from Kenya. Investment Banking Northern Trust Grows Front Office Solutions Business in EMEA Market News Team Monday, September 11, 2023 1:00 am https://africa.managersofwealth.com/article/37103/northern-trust-grows-front-office-solutions-business-in-emea-market Northern Trust Front Office Solutions builds momentum in EMEA amidst growing demand for more diversified portfolios Investment Banking Deutsche Bank supports better infrastructure across Tanzania News Team Thursday, July 20, 2023 1:00 am https://africa.managersofwealth.com/article/36791/deutsche-bank-supports-better-infrastructure-across-tanzania Announced the close of a 450 million euro 7-year lending facility to the Ministry of Finance of the United Republic of Tanzania Investment Banking Euromoney Awards: Chapel Hill Denham Named Best Investment Bank in Nigeria News Aggregation Team Friday, July 14, 2023 1:00 am https://africa.managersofwealth.com/article/36759/euromoney-awards-chapel-hill-denham-named-best-investment-bank-in-nigeria This award is a testament to our strong commitment to delivering results and a relentless pursuit of excellence to meet the needs of stakeholders within our ecosystem. Investment Banking Investment bank advises FG on economic growth News Aggregation Team Tuesday, June 06, 2023 1:00 am https://africa.managersofwealth.com/article/36524/investment-bank-advises-fg-on-economic-growth Osunkoya added that it was very crucial to examine the support mechanisms provided to farmers by both the monetary and fiscal authorities. Investment Banking Things are looking up for employed South Africans News Aggregation Team Friday, July 26, 2024 1:00 am https://africa.managersofwealth.com/article/38917/things-are-looking-up-for-employed-south-africans This is the result of South Africans taking more proactive steps for their financial future, including expanding revenue sources, improving debt management, practising prudent budgeting, and increasing savings. Alternative Investments Salaries in South Africa are getting wrecked News Aggregation Team Thursday, July 25, 2024 1:00 am https://africa.managersofwealth.com/article/38912/salaries-in-south-africa-are-getting-wrecked This would result in either zero real growth or another 0.4% decline in inflation-adjusted consumer buying power. Alternative Investments Unrelenting rise in headline inflation News Team Wednesday, July 24, 2024 1:00 am https://africa.managersofwealth.com/article/38899/unrelenting-rise-in-headline-inflation The continuous depreciation of the naira also contributed to the elevated headline reading. Alternative Investments Fiscal challenge calls for revenue action News Team Wednesday, July 24, 2024 1:00 am https://africa.managersofwealth.com/article/38901/fiscal-challenge-calls-for-revenue-action The fiscal deficit resulted from retained revenues of NGN649bn and a total expenditure of NGN1.3trn. Alternative Investments MPC likely to maintain hawkish stance News Team Wednesday, July 24, 2024 1:00 am https://africa.managersofwealth.com/article/38903/mpc-likely-to-maintain-hawkish-stance This compares with a total rate hike of +225 bps in 2023. Alternative Investments The Arab Bank for Economic Development in Africa's (BADEA) 50th Anniversary News Team Wednesday, July 24, 2024 1:00 am https://africa.managersofwealth.com/article/38906/the-arab-bank-for-economic-development-in-africaamp039s-badea-50th-anniversary Dr. Fahad Aldossari, Chairman of BADEA's Board of Directors, outlined the institution's investments across Africa, including support for 39 airports and various infrastructure projects aimed at human development. Alternative Investments Ghana makes progress on debt restructuring but public debt remains unsustainable News Aggregation Team Tuesday, July 23, 2024 1:00 am https://africa.managersofwealth.com/article/38893/ghana-makes-progress-on-debt-restructuring-but-public-debt-remains-unsustainable In its 2024 Ghana Economic Update, the World Bank said that though a firm monetary policy tamed high inflation last year Alternative Investments Interest rate relief coming sooner than expected in South Africa News Aggregation Team Tuesday, July 23, 2024 1:00 am https://africa.managersofwealth.com/article/38898/interest-rate-relief-coming-sooner-than-expected-in-south-africa SARB inflation forecasts have been revised down below the 4.5% target Alternative Investments Government banking on the private sector to save the day in South Africa News Aggregation Team Friday, July 19, 2024 1:00 am https://africa.managersofwealth.com/article/38874/government-banking-on-the-private-sector-to-save-the-day-in-south-africa The push for forms of Private Sector Participation (PSP) has categorised much of President Cyril Ramaphosa’s tenure. Alternative Investments Sustaining macroeconomic stability requires Bank of Ghana to continue keeping an eye on inflation – Addison News Aggregation Team Friday, July 19, 2024 1:00 am https://africa.managersofwealth.com/article/38879/sustaining-macroeconomic-stability-requires-bank-of-ghana-to-continue-keeping-an-eye-on-inflation-ampndash-addison The Board reaffirmed the generally strong program performance and clear signs of emerging economic stabilization. Alternative Investments Ramaphosa, MPC to provide direction to what lies ahead for SA – Nedbank News Aggregation Team Thursday, July 25, 2024 1:00 am https://africa.managersofwealth.com/article/38910/ramaphosa-mpc-to-provide-direction-to-what-lies-ahead-for-sa-ampndash-nedbank Nkuhlu said Nedbank saw increased geopolitical risks with 60% of global nations going though elections. Comment, Analysis & Research 2024 PwC Banking Survey released: Here are Ghanaian banks in good standing News Aggregation Team Thursday, July 25, 2024 1:00 am https://africa.managersofwealth.com/article/38911/2024-pwc-banking-survey-released-here-are-ghanaian-banks-in-good-standing The 2024 PwC Banking Survey has been released, revealing interesting developments in the Ghanaian banking sector. Comment, Analysis & Research All the banks that have collapsed in South Africa News Aggregation Team Thursday, July 25, 2024 1:00 am https://africa.managersofwealth.com/article/38914/all-the-banks-that-have-collapsed-in-south-africa African Bank (now stylised as Africanbank) entered a curatorship in 2014 due to liquidity problems related to unsecured lending. Comment, Analysis & Research A widening fiscal deficit News Team Wednesday, July 24, 2024 1:00 am https://africa.managersofwealth.com/article/38900/a-widening-fiscal-deficit After deductions and transfers and additional revenue of NGN295bn from other sources Comment, Analysis & Research Key Highlights from the CBN’s 2024 Macro-Economic Outlook News Team Wednesday, July 24, 2024 1:00 am https://africa.managersofwealth.com/article/38902/key-highlights-from-the-cbnamprsquos-2024-macro-economic-outlook The report provides insights into recent economic developments and trends in the Nigerian economy Comment, Analysis & Research Higher Capital Limits Put 25 Banks on Edge News Aggregation Team Tuesday, July 23, 2024 1:00 am https://africa.managersofwealth.com/article/38894/higher-capital-limits-put-25-banks-on-edge Capital broadly acts as a buffer for a bank and provides a financial safety net to protect depositors Comment, Analysis & Research Bank charges least concern to customers in Kenya - KPMG News Aggregation Team Thursday, July 11, 2024 1:00 am https://africa.managersofwealth.com/article/38834/bank-charges-least-concern-to-customers-in-kenya-kpmg At least 50 percent of customers surveyed derive satisfaction in the ability to withdraw their cash when needed Comment, Analysis & Research Kenya is banking on six options after Finance Bill collapse, not two News Aggregation Team Wednesday, July 10, 2024 1:00 am https://africa.managersofwealth.com/article/38826/kenya-is-banking-on-six-options-after-finance-bill-collapse-not-two All this overlooks one thing. Comment, Analysis & Research EY-Parthenon Real-World Strategy Dialogues – Telkom’s Dr Mmaki Jantjies on driving innovation in an evolving digital age News Aggregation Team Tuesday, July 02, 2024 1:00 am https://africa.managersofwealth.com/article/38774/ey-parthenon-real-world-strategy-dialogues-ampndash-telkomamprsquos-dr-mmaki-jantjies-on-driving-innovation-in-an-evolving-digital-age Dr Jantjies was also South Africa’s representative to the W20 in the G20, focusing on the digital inclusion of women. Comment, Analysis & Research Six richest people in South Africa right now News Aggregation Team Monday, July 01, 2024 1:00 am https://africa.managersofwealth.com/article/38766/six-richest-people-in-south-africa-right-now Forbes’ Real-Time Billionaires rankings track the daily movements of the world’s richest people based on their publicly reported assets. Comment, Analysis & Research Nigerian Banks incur N575.168 billion in taxes in 2023 as FG plans 50% Windfall tax News Aggregation Team Monday, July 22, 2024 1:00 am https://africa.managersofwealth.com/article/38884/nigerian-banks-incur-n575168-billion-in-taxes-in-2023-as-fg-plans-50-windfall-tax These banks are Access Holdings, FBNH, FCMB, Fidelity, GTCO, Jaiz Bank, Stanbic IBTC, Sterling Bank, UBA, Wema Bank and Zenith Bank. Tax Scrap 17.5 per cent VAT on immovable properties – GREDA demands News Aggregation Team Wednesday, July 17, 2024 1:00 am https://africa.managersofwealth.com/article/38864/scrap-175-per-cent-vat-on-immovable-properties-ampndash-greda-demands So how do you expect us to be your agent of tax collection and you don’t involve us in the guidelines? Tax Tax season is officially open – how to file a tax return, and what’s changed for 2024 News Aggregation Team Monday, July 15, 2024 1:00 am https://africa.managersofwealth.com/article/38849/tax-season-is-officially-open-ampndash-how-to-file-a-tax-return-and-whatamprsquos-changed-for-2024 In some cases, the process may result in a refund to the taxpayer—in other cases, taxpayers might be liable for additional tax payments to SARS. Tax What some of South Africa’s biggest companies pay in tax News Aggregation Team Friday, July 12, 2024 1:00 am https://africa.managersofwealth.com/article/38839/what-some-of-south-africaamprsquos-biggest-companies-pay-in-tax If they are reported, indirect taxes will also be looked at. Tax R200 prepaid electricity tax changes coming – with a big catch News Aggregation Team Thursday, July 11, 2024 1:00 am https://africa.managersofwealth.com/article/38829/r200-prepaid-electricity-tax-changes-coming-ampndash-with-a-big-catch Speaking to Newzroom Afrika, he has now clarified that the review is unlikely to remove the charge entirely but rather find a way for the city to meet residents “halfway”. Tax SARS warns taxpayers to be on high alert – and double-check emails News Aggregation Team Wednesday, July 03, 2024 1:00 am https://africa.managersofwealth.com/article/38785/sars-warns-taxpayers-to-be-on-high-alert-ampndash-and-double-check-emails These include various types of messaging, ranging from legal threats to promises of money owing to taxpayers. Tax SARS auto-assessments for tax season 2024 – what you need to know News Aggregation Team Thursday, June 27, 2024 1:00 am https://africa.managersofwealth.com/article/38747/sars-auto-assessments-for-tax-season-2024-ampndash-what-you-need-to-know Taxpayers who are part of the auto-assessment population will receive an SMS and/or email to notify them that an auto-assessment has been issued. Tax Tax return warning for anyone earning more than R500,000 News Aggregation Team Tuesday, June 25, 2024 1:00 am https://africa.managersofwealth.com/article/38735/tax-return-warning-for-anyone-earning-more-than-r500000 The tax season for individual taxpayers (non-provisional) will open on 15 July 2024 and run until 21 October 2024. Tax A collective sigh of relief after Coronation case News Aggregation Team Monday, June 24, 2024 1:00 am https://africa.managersofwealth.com/article/38724/a-collective-sigh-of-relief-after-coronation-case Ruling on multimillion-rand tax debt brings an end to anxiety and uncertainty in the market. Tax Growth rates and trends in tax receipts News Team Tuesday, June 18, 2024 1:00 am https://africa.managersofwealth.com/article/38694/growth-rates-and-trends-in-tax-receipts The IMF reiterated in 2024 that Nigeria's tax collection efficiency remains weak compared to other African nations. Tax Boost for interest rate cuts in South Africa News Aggregation Team Friday, July 26, 2024 1:00 am https://africa.managersofwealth.com/article/38916/boost-for-interest-rate-cuts-in-south-africa Core inflation, which excludes volatile food and energy costs, also dropped down to 4.5% in June from 4.6% in May. Regulation,Tax & Compliance Central Bank of Ghana proves viability for its cross-border payments solution News Aggregation Team Friday, July 26, 2024 1:00 am https://africa.managersofwealth.com/article/38921/central-bank-of-ghana-proves-viability-for-its-cross-border-payments-solution The project is transformational in the respect that it combines tokenization and digital currencies Regulation,Tax & Compliance Nigeria raises rates as inflation continues to rise News Aggregation Team Thursday, July 25, 2024 1:00 am https://africa.managersofwealth.com/article/38908/nigeria-raises-rates-as-inflation-continues-to-rise Central bank plans to maintain tight policy as food prices prove particularly challenging Regulation,Tax & Compliance These countries are poaching South Africans for jobs – paying up to R2.3 million News Aggregation Team Thursday, July 25, 2024 1:00 am https://africa.managersofwealth.com/article/38913/these-countries-are-poaching-south-africans-for-jobs-ampndash-paying-up-to-r23-million With this growth comes the increased demand for critical skills. Regulation,Tax & Compliance Ghana’s economic prospects on track amid reforms – World Bank News Aggregation Team Wednesday, July 24, 2024 1:00 am https://africa.managersofwealth.com/article/38905/ghanaamprsquos-economic-prospects-on-track-amid-reforms-ampndash-world-bank The report highlights the steady progress Ghana has made over the past year in addressing severe macroeconomic imbalances that emerged in 2022. Regulation,Tax & Compliance Africa deserves equal treatment, Afreximbank boss Oramah tells IMF News Aggregation Team Tuesday, July 23, 2024 1:00 am https://africa.managersofwealth.com/article/38895/africa-deserves-equal-treatment-afreximbank-boss-oramah-tells-imf President of Afreximbank, Benedict Oramah, urges African leaders to stand firm against financial inequities. Regulation,Tax & Compliance Banks must fund black entrepreneurs News Aggregation Team Tuesday, July 23, 2024 1:00 am https://africa.managersofwealth.com/article/38896/banks-must-fund-black-entrepreneurs This disparity not only hampers individual economic empowerment but also stifles the overall growth potential of the country’s economy. Regulation,Tax & Compliance Ramaphosa green lights new pension system for South Africa News Aggregation Team Tuesday, July 23, 2024 1:00 am https://africa.managersofwealth.com/article/38897/ramaphosa-green-lights-new-pension-system-for-south-africa The retirement pot will hold the remaining two-thirds of retirement savings and will only be accessible upon retirement. Regulation,Tax & Compliance Banks Allowed to Invest in Capital Market Service Providers News Aggregation Team Monday, July 22, 2024 1:00 am https://africa.managersofwealth.com/article/38882/banks-allowed-to-invest-in-capital-market-service-providers “This strategic decision is anticipated to significantly enhance the role of banks in nurturing a robust and effective capital market ecosystem,” NBE said in a statement. Regulation,Tax & Compliance Impostor account falsely claims Ethiopian bank offering prizes to celebrate high profits News Aggregation Team Monday, July 22, 2024 1:00 am https://africa.managersofwealth.com/article/38883/impostor-account-falsely-claims-ethiopian-bank-offering-prizes-to-celebrate-high-profits Published on July 15, 2024, the post has been shared more than 6,000 times. Regulation,Tax & Compliance Govt develops new framework for green bonds issuance News Aggregation Team Friday, July 26, 2024 1:00 am https://africa.managersofwealth.com/article/38918/govt-develops-new-framework-for-green-bonds-issuance Within the Framework is the Sustainability-Linked Finance Framework to further support the country’s journey towards achieving the Sustainable Development Goals (SDGs) and Africa’s Agenda 2063. ESG BusinessTech survey reveals huge demand for solar power in South Africa News Aggregation Team Tuesday, July 16, 2024 1:00 am https://africa.managersofwealth.com/article/38853/businesstech-survey-reveals-huge-demand-for-solar-power-in-south-africa However, this trend is changing. 57.2% of respondents said they don’t currently have a home solar system, but are interested in installing one. ESG Nedbank Summit Energizes Green Energy Collaboration and Financing News Aggregation Team Wednesday, July 10, 2024 1:00 am https://africa.managersofwealth.com/article/38824/nedbank-summit-energizes-green-energy-collaboration-and-financing “We hope green hydrogen brings tangible change within our lifetime,” April noted. ESG Tapping into the huge green power potential for Africa’s commercial and industrial (C&I) sectors News Team Thursday, June 27, 2024 1:00 am https://africa.managersofwealth.com/article/38745/tapping-into-the-huge-green-power-potential-for-africaamprsquos-commercial-and-industrial-campampi-sectors The approaches to achieving these goals vary widely across the continent. ESG Major solar shift in South Africa News Aggregation Team Thursday, June 27, 2024 1:00 am https://africa.managersofwealth.com/article/38748/major-solar-shift-in-south-africa The survey results of the last few quarters are not nearly as pessimistic as the Stats SA data suggests. ESG Nigeria committed to balanced energy transition - Tinubu News Aggregation Team Tuesday, June 25, 2024 1:00 am https://africa.managersofwealth.com/article/38736/nigeria-committed-to-balanced-energy-transition-tinubu The Minister also said Moody’s positive outlook rating follows the recent announcement of the World Bank’s $2.25 billion financing package for Nigeria ESG Clean energy FDI boosts sustainability momentum in Africa: UNCTAD News Aggregation Team Monday, June 24, 2024 1:00 am https://africa.managersofwealth.com/article/38720/clean-energy-fdi-boosts-sustainability-momentum-in-africa-unctad During the year, the estimated value of international project finance deals in African nations declined by 50% to $64 billion. This follows a 20% drop in 2022 ESG Union Bank Canvasses for Sustainable Environmental Practices. News Aggregation Team Wednesday, June 19, 2024 1:00 am https://africa.managersofwealth.com/article/38701/union-bank-canvasses-for-sustainable-environmental-practices This clarion call was made during an event organised in partnership with the Nigerian Conservation Foundation to commemorate this year’s World Environment Day. ESG Africa needs $240bln funding by 2030 to meet vital energy needs: IEA News Aggregation Team Wednesday, June 19, 2024 1:00 am https://africa.managersofwealth.com/article/38702/africa-needs-240bln-funding-by-2030-to-meet-vital-energy-needs-iea Clean Energy Investment for Development in Africa lays out the opportunities and challenges of accelerating the sustainable development of Africa’s energy infrastructure ESG New R18 billion ‘city’ in South Africa gets the green light News Aggregation Team Friday, May 24, 2024 1:00 am https://africa.managersofwealth.com/article/38561/new-r18-billion-amplsquocityamprsquo-in-south-africa-gets-the-green-light The commission believes that the proposed transaction is unlikely to lessen or prevent competition in the market and recommended that the Tribunal unconditionally approve it. ESG