https://africa.managersofwealth.com/ Tue, 09 Jun 2026 17:33:59 BST part of MediaG8way Group https://africa.managersofwealth.com/ https://africa.managersofwealth.com/assets/images/logo.png KohanaPHP News Aggregation Team Tuesday, June 09, 2026 1:00 am https://africa.managersofwealth.com/article/42639/goodbye-gauteng-ampndash-millionaires-rushing-to-a-new-home-in-south-africa A new report, commissioned by Standard Bank Wealth and Investment, states that South Africa’s affluent class have rewritten where they choose to earn, live and invest. Wealth and Asset Management News Team Thursday, June 04, 2026 1:00 am https://africa.managersofwealth.com/article/42608/global-millionaire-population-jumps-by-nearly-2-million-in-2025-driven-by-strong-stock-market-performance-worldwide A robust equity market performance and easing inflation drove HNWI wealth creation in 2025, growing the global millionaire population by nearly 2 million to 25.3 million individuals. Wealth and Asset Management News Team Thursday, June 04, 2026 1:00 am https://africa.managersofwealth.com/article/42617/interswitch-partners-with-temenos-to-scale-digital-banking-services-across-africa Interswitch will use Temenos solutions to deliver managed services to banks and financial institutions across Africa. Wealth and Asset Management News Aggregation Team Wednesday, June 03, 2026 1:00 am https://africa.managersofwealth.com/article/42602/south-africaamprsquos-middle-class-is-in-serious-trouble It noted that South Africa’s economic outlook has shown modest improvement over the quarter, with GDP growth revised up to 1.6% for the year, while inflation eased to 3.2% in the quarter. Wealth and Asset Management News Aggregation Team Thursday, May 21, 2026 1:00 am https://africa.managersofwealth.com/article/42544/investec-eyes-city-hiring-spree-in-major-move-into-uk-private-banking The expansion will boost its banking presence in London, as it seeks out wealthy clients for what will become a ‘full service primary bank”. Wealth and Asset Management News Aggregation Team Tuesday, May 19, 2026 1:00 am https://africa.managersofwealth.com/article/42521/sovereign-wealth-fund-records-profit-in-the-first-quarter During the same period, the FSM’s total assets grew by 6.6%, reaching USD 117.4 million, driven by revenues from Liquefied Natural Gas (LNG) exploitation and by financial returns generated from these investments. Wealth and Asset Management News Aggregation Team Wednesday, May 06, 2026 1:00 am https://africa.managersofwealth.com/article/42458/wealth-beyond-today A great example of this evolution is Nedbank Private Wealth’s (NPW’s) Family Approach. Wealth and Asset Management News Aggregation Team Monday, April 20, 2026 1:00 am https://africa.managersofwealth.com/article/42369/standard-bank-awarded-best-private-bank-in-mozambique-by-euromoney More than an institutional recognition, it reflects the direct impact our work has on clients’ lives Wealth and Asset Management News Aggregation Team Tuesday, April 14, 2026 1:00 am https://africa.managersofwealth.com/article/42334/the-5-star-lodge-in-south-africa-owned-by-an-international-cricket-legend The safari villa and the surrounding Elephant Point development are actively managed by the Legacy Group. Wealth and Asset Management News Aggregation Team Tuesday, March 24, 2026 12:00 am https://africa.managersofwealth.com/article/42229/a-44000-salary-now-gets-private-banking-access-in-south-africa For clients under 30, a four-year degree in science, technology, engineering or mathematics is enough to qualify, with discounted fees. Wealth and Asset Management News Aggregation Team Tuesday, June 09, 2026 1:00 am https://africa.managersofwealth.com/article/42640/energia-appoints-new-director Throughout her career, she has reportedly established an exceptional track record in financial stewardship, business transformation, risk management, corporate strategy, and organisational leadership. Executive Moves News Aggregation Team Monday, June 08, 2026 1:00 am https://africa.managersofwealth.com/article/42631/umb-appoints-victoria-esinam-attipoe-as-division-head-to-accelerate-retail-transformation-and-customer-growth-strategy Victoria joins UMB at a pivotal time in Ghana’s economic recovery and banking sector evolution, bringing deep industry expertise and a distinguished track record of driving sustainable growth, profitability, and business transformation. Executive Moves News Team Thursday, June 04, 2026 1:00 am https://africa.managersofwealth.com/article/42616/feda-appoints-mr-emmanuel-assiak-as-chief-executive-officer Mr. Assiak holds a Master of Business Administration (MBA) from Manchester Business School Executive Moves News Aggregation Team Tuesday, June 02, 2026 1:00 am https://africa.managersofwealth.com/article/42592/absa-group-appoints-leon-barnard-as-pan-african-chief-executive-for-business-banking-leon-brings-extensive-pan-african-banking-experience Leon’s appointment reinforces the division’s strategic importance in driving growth, supporting enterprises, and expanding economic participation across the continent. Executive Moves News Team Tuesday, June 02, 2026 1:00 am https://africa.managersofwealth.com/article/42600/broadridge-appoints-daniel-jarman-as-vice-president-custom-policy-emea Senior governance and stewardship expert joins to advance custom proxy voting solutions for institutional investors across EMEA Executive Moves News Aggregation Team Monday, June 01, 2026 1:00 am https://africa.managersofwealth.com/article/42590/botswana-appoints-adesina-as-chair-of-diamonds-development-fund The appointment, jointly announced by the Government of Botswana and De Beers Group Executive Moves News Aggregation Team Tuesday, May 26, 2026 1:00 am https://africa.managersofwealth.com/article/42553/visa-backed-fintech-branch-lays-off-staff-in-nigeria-and-kenya-despite-30-million-profit The development reflects a wider shift across Africa’s fintech sector as startups focus on profitability, leaner operations and long-term sustainability. Executive Moves News Aggregation Team Friday, May 22, 2026 1:00 am https://africa.managersofwealth.com/article/42545/dfcu-appoints-margaret-karume-as-second-executive-director Karume is a banking executive with more than 30 years of experience in the industry. Executive Moves News Aggregation Team Monday, May 18, 2026 1:00 am https://africa.managersofwealth.com/article/42511/standard-chartered-names-xorse-godzi-as-ghana-ceo-amid-digital-banking-push Godzi is expected to lead digital transformation amid rising fintech competition in Ghana’s banking sector Executive Moves News Aggregation Team Friday, May 15, 2026 1:00 am https://africa.managersofwealth.com/article/42506/bat-nigeria-names-owojaiye-regulatory-affairs-director Ruth’s appointment reflects our continued commitment to strengthening our leadership in regulatory engagement, corporate governance, and sustainable business practices. Executive Moves News Aggregation Team Tuesday, June 02, 2026 1:00 am https://africa.managersofwealth.com/article/42595/government-to-step-up-labour-law-enforcement Construction, hospitality in the spotlight. Legal News Aggregation Team Thursday, May 28, 2026 1:00 am https://africa.managersofwealth.com/article/42572/pityana-takes-absa-board-dismissal-battle-to-supreme-court-of-appeal Pityana had been widely regarded as the preferred candidate to succeed Wendy Lucas-Bull as Absa chairman. Legal News Aggregation Team Monday, May 18, 2026 1:00 am https://africa.managersofwealth.com/article/42515/union-bank-customers-fear-fallout-as-cbn-legal-battle-deepens-over-control The appeal has prolonged the legal face-off and brought feelings of uncertainty to customers of union bank. Legal News Team Friday, May 15, 2026 1:00 am https://africa.managersofwealth.com/article/42503/constitutional-court-broadens-the-reach-of-south-africaamprsquos-gaar-in-absa-v-sars-introduction The Constitutional Court’s judgment in Absa v SARS represents one of the most significant South African tax judgments in recent years.  Legal News Aggregation Team Thursday, May 14, 2026 1:00 am https://africa.managersofwealth.com/article/42501/sca-delivers-blow-to-sars-in-protracted-court-battle Finds the exclusion of lay representatives in tax court would be unconstitutional. Legal News Team Wednesday, April 29, 2026 1:00 am https://africa.managersofwealth.com/article/42423/procurement-reform-raises-questions-for-south-africaamprsquos-infrastructure-sector The Act consolidates and replaces multiple pieces of fragmented legislation to establish a coherent legislative framework for an efficient procurement system across South Africa’s multiple spheres of government. Legal News Aggregation Team Monday, April 27, 2026 1:00 am https://africa.managersofwealth.com/article/42411/court-orders-homeowner-to-pay-nedbank-r16-million-and-initiates-sale-of-cape-town-property Court papers show that Stephans fell significantly behind on his monthly repayments, with the outstanding balance exceeding R2 million by October 2025 and arrears surpassing R500,000 by early 2026. Legal News Aggregation Team Tuesday, April 21, 2026 1:00 am https://africa.managersofwealth.com/article/42375/new-laws-coming-about-property-rights-in-south-africa-and-important-bridge-collapses Economists predict that the modest rise in inflation will primarily result from higher fuel prices, while food inflation is expected to ease. Legal News Aggregation Team Friday, April 17, 2026 1:00 am https://africa.managersofwealth.com/article/42363/new-laws-taking-on-land-grabs-and-illegal-occupation-of-private-property-in-south-africa The new bill aims to empower municipalities, state entities, and private property owners to respond more decisively to illegal occupations and evictions in the country. Legal News Aggregation Team Friday, April 10, 2026 1:00 am https://africa.managersofwealth.com/article/42322/sars-obtains-court-order-to-freeze-millions-in-former-employeesamprsquo-assets As a crackdown on corruption within its ranks continues. Legal News Aggregation Team Monday, June 08, 2026 1:00 am https://africa.managersofwealth.com/article/42627/uba-wins-2026-banker-technology-award-for-ai-innovation-launches-upgraded-mobile-app The award is a fitting recognition of UBA Plc for its innovations in digital payments, e-business, and the use of artificial intelligence to drive seamless cross-border banking across more than 20 African markets FinTech News Aggregation Team Monday, June 08, 2026 1:00 am https://africa.managersofwealth.com/article/42630/how-digital-banking-is-reshaping-kenyaamprsquos-economy-one-customer-experience-at-a-time This shift is not merely technological. It reflects a fundamental change in how individuals and businesses expect financial services to work — fast, seamless and on demand. FinTech News Aggregation Team Friday, June 05, 2026 1:00 am https://africa.managersofwealth.com/article/42624/stanbic-bank-calls-for-responsible-digital-lending Speaking at the 3i Africa Summit 2026, he stressed that sustainability and positive customer outcomes must remain at the centre of financial innovatio FinTech News Aggregation Team Thursday, June 04, 2026 1:00 am https://africa.managersofwealth.com/article/42614/un-ai-data-centres-to-consume-more-power-than-nigeria-two-other-countries Water consumption from data centres is projected to more than double from 4.5 trillion litres to 9.3 trillion litres by 2030, enough to meet the basic water needs of 1.3 billion people in Sub-Saharan Africa. FinTech News Aggregation Team Wednesday, June 03, 2026 1:00 am https://africa.managersofwealth.com/article/42607/ai-reshapes-nigeriaamprsquos-workforce-as-ceos-cut-reliance-on-traditional-roles The comments reflect a growing reality in Nigeria’s corporate landscape, where businesses are embracing AI tools to improve efficiency while reassessing workforce requirements. FinTech News Aggregation Team Tuesday, May 26, 2026 1:00 am https://africa.managersofwealth.com/article/42554/sa-banks-battle-rising-fraud-attempts-amid-digital-banking-growth The survey paints a picture of an increasingly complex fraud environment driven by faster payments, artificial intelligence tools, data leaks, and organised criminal syndicates operating across borders and digital platforms. FinTech News Aggregation Team Tuesday, May 26, 2026 1:00 am https://africa.managersofwealth.com/article/42558/sars-responds-to-data-breach-claims The claims emerged over the weekend, when a group calling itself Nullsec Nigeria said it breached SARS and the South African Information Technology Agency (SITA). FinTech News Aggregation Team Friday, May 22, 2026 1:00 am https://africa.managersofwealth.com/article/42549/can-tokenisation-spark-an-economic-revival-in-sa That’s the process of converting ownership rights in financial or RWAs into digital tokens on the blockchain. FinTech News Aggregation Team Thursday, May 21, 2026 1:00 am https://africa.managersofwealth.com/article/42542/how-stablecoins-drive-modern-day-digital-assets-and-innovation-in-africa The conversation around digital assets often starts with volatility. Yet real innovation has come from addressing volatility head-on. FinTech News Aggregation Team Wednesday, May 20, 2026 1:00 am https://africa.managersofwealth.com/article/42529/pan-african-initiative-targets-safer-inclusive-ai-systems The initiative comes as artificial intelligence technologies gain traction in healthcare, agriculture, education, financial services and public administration across the continent, raising both optimism about economic transformation and concerns over gove FinTech News Aggregation Team Monday, June 08, 2026 1:00 am https://africa.managersofwealth.com/article/42628/absa-ceo-kenny-fihlaamp039s-9-million-pay-triggers-shareholder-revolt Absa Group shareholders delivered a 43.37% vote against the bank's executive pay report at its AGM over CEO Kenny Fihla's R148 million compensation package for 2025. Retail Banking News Aggregation Team Friday, June 05, 2026 1:00 am https://africa.managersofwealth.com/article/42618/quest-merchant-bank-strengthens-position-with-stable-rating The rating agency also highlighted the bank’s strong presence within Nigeria’s merchant banking sector Retail Banking News Aggregation Team Friday, June 05, 2026 1:00 am https://africa.managersofwealth.com/article/42620/south-african-retail-giant-loses-r197-billion-in-five-months Clicks reported group turnover growth of 7.4% to R24.9 billion, while diluted headline earnings per share increased by 8.1% to 652.8 cents. Retail Banking News Aggregation Team Monday, June 01, 2026 1:00 am https://africa.managersofwealth.com/article/42589/full-list-10-biggest-commercial-banks-in-nigeria-by-assets-in-2026 Data released from banks' financial statements and NGX filings indicated a sustained increase in total assets for the top 10 listed banks, showing overall growth in the balance sheets of these financial institutions. Retail Banking News Aggregation Team Friday, May 29, 2026 1:00 am https://africa.managersofwealth.com/article/42578/reserve-bank-hikes-interest-rates-by-25-basis-points Four of the six members of the MPC called for the hike, while two called for rates to remain as they are. Retail Banking News Aggregation Team Thursday, May 28, 2026 1:00 am https://africa.managersofwealth.com/article/42570/absa-bank-empowers-businesses-to-navigate-market-risks The seminar featured expert-led presentations from Absa’s Markets team, offering participants valuable insights into current macroeconomic trends and practical strategies for managing foreign exchange, inflation, and interest rate risks. Retail Banking News Aggregation Team Wednesday, May 27, 2026 1:00 am https://africa.managersofwealth.com/article/42568/standard-bank-beats-capitec-and-firstrand-in-historic-91-billion-south-african-banking-race The combined value of South Africa’s top three banks has now crossed $91 billion, reflecting rising investor confidence in African finance. Retail Banking News Aggregation Team Tuesday, May 26, 2026 1:00 am https://africa.managersofwealth.com/article/42555/united-bank-for-africasustaining-stronger-regional-growth Also operating in the United States, United Kingdom (UK), France, and United Arab Emirates (UAE), the group’s pan-African operations continue to be a major growth driver, contributing over 50 per cent of total assets, revenue, and profit. Retail Banking News Aggregation Team Tuesday, May 26, 2026 1:00 am https://africa.managersofwealth.com/article/42556/bank-of-mozambique-required-bank-reserves-increased-by-75 During the first half of that year, the Bank of Mozambique implemented two successive increases to absorb excess liquidity and limit inflationary pressures. Retail Banking News Aggregation Team Tuesday, May 26, 2026 1:00 am https://africa.managersofwealth.com/article/42557/new-bank-coming-to-south-africa-with-thousands-of-branches Pepkor noted that it submitted a section 16 application at the end of March 2026, which, if approved, would enable it to become officially registered as a bank. Retail Banking News Aggregation Team Thursday, May 28, 2026 1:00 am https://africa.managersofwealth.com/article/42575/standard-bank-wins-global-awards-for-investment-banking-and-sustainable-finance The recognition reflects the Group’s progress and commitment to supporting Africa’s growth as a responsible financial partner, helping clients navigate the opportunities and trade-offs of energy security, infrastructure development, and a just Investment Banking News Aggregation Team Friday, May 15, 2026 1:00 am https://africa.managersofwealth.com/article/42504/pan-african-investment-banking-group-united-capital-chooses-rwanda-as-its-east-and-central-african-hub This is the kind of conviction that changes the trajectory of capital markets and we intend to honour it by continuing to build a platform worthy of the best institutions Africa has to offer.” Investment Banking News Aggregation Team Wednesday, April 22, 2026 1:00 am https://africa.managersofwealth.com/article/42388/oman-opens-angola-based-investment-bank-to-deepen-africa-trade-links Oman has launched a new corporate investment bank in Angola as part of efforts to deepen its financial presence in Africa and strengthen trade links with emerging markets. Investment Banking News Aggregation Team Friday, April 10, 2026 1:00 am https://africa.managersofwealth.com/article/42324/ecowas-bank-for-investment-and-development-targets-smes-in-ghana-with-fresh-funding-for-2026 He explained that the funding will be channelled through commercial banks in Ghana to ensure it reaches targeted businesses. Investment Banking News Aggregation Team Monday, March 02, 2026 12:00 am https://africa.managersofwealth.com/article/42103/cedi-strength-cuts-societe-generale-ghanaamp039s-bottom-line-as-profit-after-tax-dips-28 Net trading income, however, more than doubled to GH¢122.3 million, providing a crucial buffer against pressures elsewhere. Investment Banking News Aggregation Team Friday, December 05, 2025 12:00 am https://africa.managersofwealth.com/article/41661/rothschild-ampamp-co-receives-two-major-awards-from-the-banker The judges highlighted our impressive reach across emerging markets, advising on a significant number of transactions and delivering transformative deals, including sovereign restructurings from Sri Lanka to the Bahamas. Investment Banking News Aggregation Team Thursday, November 20, 2025 12:00 am https://africa.managersofwealth.com/article/41577/ethiopia-adds-fourth-investment-bank-as-ecma-licenses-awash-capital The latest authorisation brings the total number of licensed capital market service providers in Ethiopia to 13, and the number of licensed investment banks to four, as the country continues to build out its nascent capital market industry. Investment Banking News Aggregation Team Monday, September 22, 2025 1:00 am https://africa.managersofwealth.com/article/41237/nedbank-cib-crowned-best-investment-bank-in-sa-ampndash-three-years-running Award reinforces the institution’s role as a trusted partner. Investment Banking News Aggregation Team Thursday, July 24, 2025 1:00 am https://africa.managersofwealth.com/article/40905/goldman-investec-see-room-for-three-sa-rate-cuts-in-2025 Inflation has now been below the 4.5% midpoint of the South African Reserve Bank’s target range, where it prefers to anchor expectations, since August. Investment Banking News Aggregation Team Monday, May 12, 2025 1:00 am https://africa.managersofwealth.com/article/40493/full-list-of-17-licensed-investment-banks-operating-in-kenya Investment banks mainly work with large corporations, institutional investors, and government agencies. Investment Banking News Aggregation Team Tuesday, June 09, 2026 1:00 am https://africa.managersofwealth.com/article/42634/growthpoint-smashes-funding-target-with-record-breaking-bond-auction The issuance was settled at R1.8 bn at the most favourable margins achieved by Growthpoint at a bond auction to date. Alternative Investments News Aggregation Team Tuesday, June 09, 2026 1:00 am https://africa.managersofwealth.com/article/42635/ghana-must-process-more-export-less-raw-materials-ampmdash-absa-bank Mr. Nettey made a similar case for the cashew industry, noting that the value of processed cashew products far exceeds that of raw exports. Alternative Investments News Aggregation Team Monday, June 08, 2026 1:00 am https://africa.managersofwealth.com/article/42626/afreximbank-deepens-engagement-with-jamaica-to-drive-trade-investment-and-industrialisation Afreximbank remains committed to supporting increased intra-Caribbean and Africa-Caribbean trade by improving access to trade finance, investment capital and advisory support Alternative Investments News Aggregation Team Monday, June 08, 2026 1:00 am https://africa.managersofwealth.com/article/42629/absa-faces-major-investor-backlash-after-awarding-new-ceo-a-9-million-pay-package-to-leave-rival-standard-bank Under South African governance rules, a vote of 25% or more against a remuneration resolution obliges the company to engage with dissenting shareholders and address their concerns. Alternative Investments News Aggregation Team Friday, June 05, 2026 1:00 am https://africa.managersofwealth.com/article/42619/ifc-standard-chartered-launch-300m-finance-facility The facility is designed to help suppliers receive payments faster, thereby improving cash flow and enabling businesses to expand production, pay workers, and invest in growth. Alternative Investments News Aggregation Team Friday, June 05, 2026 1:00 am https://africa.managersofwealth.com/article/42622/south-african-investment-in-dubai-tops-294mln-over-five-years The investments spanned key sectors including information and communications technology, pharmaceuticals and food industries, among other promising economic sectors Alternative Investments News Aggregation Team Friday, June 05, 2026 1:00 am https://africa.managersofwealth.com/article/42623/south-african-employers-must-turn-engagement-into-a-strategic-priority ADP Research notes that fully engaged employees are more likely to do their best work, remain committed to their employer, and contribute positively to workplace performance. Alternative Investments News Aggregation Team Thursday, June 04, 2026 1:00 am https://africa.managersofwealth.com/article/42609/sars-to-collect-r300-billion-more-taxes-with-national-crackdown-and-another-country-evacuates-its-citizens-from-south-africa The US Central Command reported that Iran had launched ballistic missiles toward regional neighbours, but all of the missiles failed to reach their targets. Alternative Investments News Aggregation Team Thursday, June 04, 2026 1:00 am https://africa.managersofwealth.com/article/42613/investors-thump-absa-with-astounding-43-vote-against-exec-pay This would’ve needed most of its top 10 shareholders to vote against it. Alternative Investments News Team Thursday, June 04, 2026 1:00 am https://africa.managersofwealth.com/article/42615/a-notable-rebound-in-fx-supply This shift has helped to partially offset the impact of constrained foreign participation, supported market liquidity and reduced volatility pressures on the naira. Alternative Investments News Aggregation Team Tuesday, June 09, 2026 1:00 am https://africa.managersofwealth.com/article/42636/public-pensions-invested-in-15-companies-that-lost-100-of-their-money-and-good-news-for-capitec-customers The rand was trading at 16.4650 against the US dollar, an increase of roughly 0.5% from its previous close. Comment, Analysis & Research News Aggregation Team Monday, June 08, 2026 1:00 am https://africa.managersofwealth.com/article/42633/south-african-households-have-a-r24-trillion-problem National Debt Advisors Head Sebastien Alexanderson said that South Africa is misdiagnosing the crisis. Comment, Analysis & Research News Aggregation Team Friday, May 29, 2026 1:00 am https://africa.managersofwealth.com/article/42577/algeria-expected-to-grow-above-forecasts The African Development Bank estimates the country’s gross domestic product will expand 4.1% this year and 4.2% next year. Comment, Analysis & Research News Aggregation Team Friday, May 29, 2026 1:00 am https://africa.managersofwealth.com/article/42581/nigeriaamprsquos-economic-growth-may-weaken-in-2027-afdb-projects In 2027, growth is projected to decelerate to 3.7 per cent on account of the anticipated easing of global oil prices and thus reduced external revenue inflows.” Comment, Analysis & Research News Aggregation Team Thursday, May 28, 2026 1:00 am https://africa.managersofwealth.com/article/42576/biggest-financial-blow-to-south-africans-in-two-years Economists have noted that the significant decline in the economic outlook due to the outbreak of the war in the Middle East is starting to impact the labour market. Comment, Analysis & Research News Aggregation Team Thursday, May 21, 2026 1:00 am https://africa.managersofwealth.com/article/42536/interest-rate-heartbreak-for-south-africa Unfortunately for South African consumers, the fuel price shocks following the United States’ war in Iran have pushed the energy component of inflation far higher. Comment, Analysis & Research News Aggregation Team Thursday, May 21, 2026 1:00 am https://africa.managersofwealth.com/article/42540/ghana-faces-93b-climate-financing-gap The Review said the financing gap highlighted the urgent need to mobilise public and private capital to address growing climate-related risks confronting the economy. Comment, Analysis & Research News Aggregation Team Wednesday, May 20, 2026 1:00 am https://africa.managersofwealth.com/article/42530/world-bank-says-global-carbon-pricing-revenue-tops-107-billion-in-2025 The institution said the growth reflects accelerating global adoption of carbon pricing frameworks as countries intensify efforts to meet climate commitments under the Paris Agreement. Comment, Analysis & Research News Aggregation Team Thursday, May 14, 2026 1:00 am https://africa.managersofwealth.com/article/42495/millionaires-calling-it-quits-in-south-africaamprsquos-richest-city Godongwana revealed that the City of Johannesburg currently owes creditors R25.2 billion, while only having R3.9 billion in cash in the bank. Comment, Analysis & Research News Aggregation Team Thursday, May 14, 2026 1:00 am https://africa.managersofwealth.com/article/42502/south-africans-are-getting-crushed The index tracks the value of all electronic transactions cleared through PayInc, together with a wholesale cash component. Comment, Analysis & Research News Aggregation Team Tuesday, June 09, 2026 1:00 am https://africa.managersofwealth.com/article/42638/sars-announces-dates-for-tax-season-2026-ampndash-when-to-expect-auto-assessments Non-provisional taxpayers are those who earn a regular salary or wage from an employer and whose PAYE is already deducted throughout the year. Tax News Aggregation Team Tuesday, June 09, 2026 1:00 am https://africa.managersofwealth.com/article/42641/tax-relief-for-homeowners-living-in-cape-town Under this proposal, the first R620,000 will be exempt from rates, up from the current R450,000 exemption for the 2025/2026 financial year. Tax News Aggregation Team Thursday, June 04, 2026 1:00 am https://africa.managersofwealth.com/article/42611/africa-can-raise-469bn-without-tax-hikes-ampndash-afdb He said the additional revenue could be mobilised without increasing tax rates, stressing that stronger domestic resource mobilisation remained the most sustainable source of development financing for the continent. Tax News Aggregation Team Thursday, May 28, 2026 1:00 am https://africa.managersofwealth.com/article/42573/kenyaamprsquos-mobile-money-tax-plan-draws-sharp-industry-backlash Treasury says this move is intended to broaden revenue collection as digital payments account for a growing share of commercial activity across the economy. Tax News Aggregation Team Thursday, May 21, 2026 1:00 am https://africa.managersofwealth.com/article/42537/ai-and-data-sharing-fuel-rise-in-african-tax-disputes Companies urged to be ‘defence-ready’ as disputes intensify. Tax News Aggregation Team Wednesday, May 20, 2026 1:00 am https://africa.managersofwealth.com/article/42528/sars-nails-taxpayer-with-maximum-200-penalty The case was notable not only because of the findings of the Tax Court in SARS’ favour and the massive 200% penalty applied, but also because of the timing. Tax News Aggregation Team Thursday, May 14, 2026 1:00 am https://africa.managersofwealth.com/article/42499/sapvia-warns-about-a-blanket-solar-tax-in-south-africa In an interview with Classic Business, she said SAPVIA has repeatedly warned against imposing broad tariffs across the solar value chain. Tax News Aggregation Team Tuesday, May 12, 2026 1:00 am https://africa.managersofwealth.com/article/42479/kenya-plans-taxes-on-phones-banking-fees-to-raise-1-billion Mobile phone imports would attract a 25% excise duty, while banking and transaction service fees would be subjected to a levy Tax News Aggregation Team Thursday, May 07, 2026 1:00 am https://africa.managersofwealth.com/article/42464/warning-for-anyone-earning-more-than-r500000-in-south-africa Under South African law, submitting tax returns is compulsory, and failing to do so is a criminal offence. Tax News Aggregation Team Friday, May 01, 2026 1:00 am https://africa.managersofwealth.com/article/42443/these-taxpayers-donamprsquot-have-to-file-a-tax-return-in-2026 Every company or juristic person resident in South Africa during the 2026 year of assessment that earned an income or traded typically has to submit an income tax return. Tax News Aggregation Team Tuesday, June 09, 2026 1:00 am https://africa.managersofwealth.com/article/42637/fg-sets-12-month-deadline-for-hr-officers-certification-compliance The circular, addressed to all ministers, permanent secretaries, and heads of government agencies and parastatals, stated that the directive was issued in furtherance of earlier circulars on the professionalisation of human resource management in the Fede Regulation,Tax & Compliance News Aggregation Team Monday, June 08, 2026 1:00 am https://africa.managersofwealth.com/article/42632/cbn-tightens-fx-rules-imposes-n100m-fine-on-banks Under the revised rules, authorised dealer banks found to have consummated foreign exchange transactions without adequate documentation will pay a N100 million fine in addition to N10 million for each affected transaction. Regulation,Tax & Compliance News Aggregation Team Friday, June 05, 2026 1:00 am https://africa.managersofwealth.com/article/42621/mahama-challenges-global-financial-system-demands-fairer-debt-reforms-for-africa The President argued that African countries continue to pay a premium for financing even as they pursue growth and economic transformation. Regulation,Tax & Compliance News Aggregation Team Friday, June 05, 2026 1:00 am https://africa.managersofwealth.com/article/42625/naira-strengthens-below-n1360-first-time-in-four-weeks The latest appreciation marks the first time the local currency has traded below the N1,360/$ threshold since May 7, 2026, reinforcing signs of improving stability in the foreign exchange market. Regulation,Tax & Compliance News Aggregation Team Thursday, June 04, 2026 1:00 am https://africa.managersofwealth.com/article/42610/nice-surprise-for-south-africa Government debt has now stabilised and is forecast to decline this year, and over the medium term, Pieterse said, marking a key milestone in South Africa’s fiscal consolidation efforts. Regulation,Tax & Compliance News Aggregation Team Thursday, June 04, 2026 1:00 am https://africa.managersofwealth.com/article/42612/development-bank-of-nigeria-disburses-over-n1-trillion-to-msmes The bank’s core mandate is to improve access to finance for micro, small and medium enterprises, which are widely regarded as the backbone of the Nigerian economy. Regulation,Tax & Compliance News Aggregation Team Wednesday, June 03, 2026 1:00 am https://africa.managersofwealth.com/article/42605/cbn-bets-on-rules-to-stabilise-fx-market Exporters often questioned whether existing procedures encouraged them to repatriate earnings through official channels. Regulation,Tax & Compliance News Aggregation Team Wednesday, June 03, 2026 1:00 am https://africa.managersofwealth.com/article/42606/cbn-grants-approval-to-abbey-mortgage-bank-for-commercial-banking The approval is expected to unlock a major strategic milestone for the company, allowing the bank to expand beyond mortgage financing into comprehensive commercial banking services. Regulation,Tax & Compliance News Aggregation Team Tuesday, June 02, 2026 1:00 am https://africa.managersofwealth.com/article/42593/fnb-announces-new-fees-starting-next-month Several focuses for the group include faster payments, no fees on certain EFT payments and simplified pricing structures. Regulation,Tax & Compliance News Aggregation Team Tuesday, June 02, 2026 1:00 am https://africa.managersofwealth.com/article/42594/sars-clarifies-new-rules-for-businesses-trading-with-china Under the scheme, zero tariffs will be implemented on 20 African countries that have established diplomatic relations with China and are not among the least developed countries. Regulation,Tax & Compliance News Aggregation Team Friday, May 22, 2026 1:00 am https://africa.managersofwealth.com/article/42552/nigerian-banks-and-esg-between-optics-and-practice They are borne by ordinary citizens crushed in the crucibles of scorched earth and broken communities. ESG News Aggregation Team Tuesday, April 28, 2026 1:00 am https://africa.managersofwealth.com/article/42417/boi-bags-global-award-for-sustainable-finance The award reflects the bank’s significant strides in advancing climate action, circular economy practices, and responsible resource management. ESG News Aggregation Team Tuesday, April 07, 2026 1:00 am https://africa.managersofwealth.com/article/42299/smes-must-embrace-esg-to-compete-globally-ampmdash-uba-ghana-ceo He explained that adopting ESG standards would improve their chances of accessing low-cost financing and remaining competitive in global markets. ESG News Aggregation Team Monday, March 30, 2026 1:00 am https://africa.managersofwealth.com/article/42267/lagos-pushes-monetisation-of-climate-sustainability-initiatives “Across sectors, organisations are already implementing climate and circularity initiatives unique to their operations. ESG News Aggregation Team Monday, March 02, 2026 12:00 am https://africa.managersofwealth.com/article/42100/transition-finance-ampndash-unlocking-decarbonisation-in-south-africaamprsquos-most-important-sectors Their conversation explores what transition finance is, what it is not, and why it is becoming central to achieving net-zero ambitions across emerging markets. ESG News Aggregation Team Tuesday, January 27, 2026 12:00 am https://africa.managersofwealth.com/article/41919/insurance-industry-urged-to-prioritise-esg-to-sustain-businesses “The effects of ESG challenges are dire globally, but they are even more pronounced here in Africa. ESG News Team Friday, January 09, 2026 12:00 am https://africa.managersofwealth.com/article/41826/african-development-bank-champions-circular-economy-as-africaamprsquos-pathway-to-sustainable-industrial-growth-at-unea-7 "UNEA-7 comes at a decisive moment for our planet, and indeed for Africa," Kariuki said. ESG News Aggregation Team Friday, December 19, 2025 12:00 am https://africa.managersofwealth.com/article/41745/namibia-plans-176bn-energy-push-seeks-private-investment The plan will support off-grid solar and alternative fuels, and introduce incentives for battery storage. ESG News Aggregation Team Thursday, November 27, 2025 12:00 am https://africa.managersofwealth.com/article/41615/absa-commits-r17bn-to-scale-renewable-power-in-africa Three-part funding package to fast-track new solar and battery projects for commercial and industrial sectors. ESG News Team Tuesday, November 11, 2025 12:00 am https://africa.managersofwealth.com/article/41521/ebrd-invests-us-40-mil-in-infinity-to-accelerate-renewable-energy-growth-across-africa Funds for 3 GW of renewable energy projects to advance clean energy on the continent ESG