https://africa.managersofwealth.com/ Wed, 26 Mar 2025 08:07:32 GMT part of MediaG8way Group https://africa.managersofwealth.com/ https://africa.managersofwealth.com/assets/images/logo.png KohanaPHP News Aggregation Team Friday, March 21, 2025 12:00 am https://africa.managersofwealth.com/article/40235/firstbank-targets-high-net-worth-individuals-with-new-private-banking-service This move comes as Ghana’s economy continues to recover from recent debt challenges, with a growing class of wealthy individuals seeking sophisticated financial services. Wealth and Asset Management News Aggregation Team Thursday, March 20, 2025 12:00 am https://africa.managersofwealth.com/article/40231/from-industry-to-innovation-africaamprsquos-5-richest-billionaires-in-2025 These individuals exemplify the dynamic and diverse nature of Africa’s economic landscape, each contributing uniquely to the continent’s growth and global presence. Wealth and Asset Management News Aggregation Team Tuesday, March 11, 2025 12:00 am https://africa.managersofwealth.com/article/40169/rmb-nigeria-asset-managementamprsquos-money-market-fund-ranks-among-nigeriaamprsquos-top-10-performing-funds This achievement is driven by RMB Nigeria Asset Management’s strong research capabilities, strategic asset allocation, and active portfolio management. Wealth and Asset Management News Aggregation Team Wednesday, February 19, 2025 12:00 am https://africa.managersofwealth.com/article/40063/old-mutual-to-introduce-amplsquolow-balance-chargeamprsquo-for-all-unit-trusts It notes that this charge will “increase with inflation on an annual basis and will be specified on each fund’s fact sheet or minimum disclosure document (MDD)”. Wealth and Asset Management News Aggregation Team Friday, February 14, 2025 12:00 am https://africa.managersofwealth.com/article/40038/the-amplsquoeasy-access-pointamprsquo-to-billionaire-johann-rupertamprsquos-south-african-bounty Remgro is an investment holding company that is Chaired by South Africa’s richest man, Johann Rupert. Wealth and Asset Management News Aggregation Team Wednesday, January 29, 2025 12:00 am https://africa.managersofwealth.com/article/39944/awesome-news-for-take-home-pay-and-2025-salaries-in-south-africa The average take-home pay increased by 11.9% year-on-year to reach R17 202 in December 2024, a significant leap from the R15,367 recorded in December 2023. Wealth and Asset Management News Aggregation Team Monday, January 27, 2025 12:00 am https://africa.managersofwealth.com/article/39930/amplsquo5-year-experienceamprsquo-jobs-in-south-africa-that-will-make-you-millionaire This is fairly evident in Robert Walters’ data, where only eight jobs made the cut. Wealth and Asset Management News Aggregation Team Monday, January 27, 2025 12:00 am https://africa.managersofwealth.com/article/39931/massive-r106-billion-payday-for-south-africaamprsquos-richest-men It shows that in total, the number of billionaires worldwide rose from 2,565 in 2023 to 2,769 in 2024, and their combined wealth increased from $13 trillion to $15 trillion. Wealth and Asset Management News Aggregation Team Tuesday, January 21, 2025 12:00 am https://africa.managersofwealth.com/article/39899/the-salary-you-need-to-send-your-kids-to-the-most-expensive-schools-in-south-africa As of the end of 2024, over 2,325 independent schools were registered across South Africa. Wealth and Asset Management News Aggregation Team Monday, January 20, 2025 12:00 am https://africa.managersofwealth.com/article/39895/the-richest-people-in-south-africa-at-the-start-of-2025 South African-born Elon Musk kicks off 2025 as the richest person in the world Wealth and Asset Management News Aggregation Team Thursday, March 20, 2025 12:00 am https://africa.managersofwealth.com/article/40227/unity-bank-appoints-acting-mdceo The lender revealed that “Kolawole is a seasoned and consummate banker with over three decades of industry experience. Executive Moves News Aggregation Team Monday, March 17, 2025 12:00 am https://africa.managersofwealth.com/article/40204/absa-appoints-new-ceo Standard Bank thanked Fihla for his services and said the necessary succession planning measures would be announced soon. Executive Moves News Team Monday, March 17, 2025 12:00 am https://africa.managersofwealth.com/article/40208/african-development-bank-group-appoints-chairperson-and-vice-chairperson-of-disclosure-and-access-to-information-dai-appeals-panel During the session, the panel also adopted its rules and operating procedures governing its role as the final arbiter in disclosure appeals. Executive Moves News Aggregation Team Tuesday, March 04, 2025 12:00 am https://africa.managersofwealth.com/article/40129/gigleux-joins-gallagher-reamprsquos-emea-team-as-senior-reinsurance-broker Prior to Gallagher Re Gigleux served as Client Manager at Munich Re for over two years, a role she started following her six-year tenure at NewRe. Executive Moves News Aggregation Team Wednesday, February 26, 2025 12:00 am https://africa.managersofwealth.com/article/40105/south-africaamprsquos-new-bank-announces-leadership-team OM Bank will have a soft launch in Q2 2025 before seeing a wider launch in Q3 2025. Executive Moves News Aggregation Team Monday, February 24, 2025 12:00 am https://africa.managersofwealth.com/article/40082/sanef-appoints-new-ceo-to-deepen-financial-inclusion Her leadership has been instrumental in advancing agent expansion Executive Moves News Aggregation Team Friday, February 21, 2025 12:00 am https://africa.managersofwealth.com/article/40071/invicta-bolsters-south-african-team-with-new-hire As Client Relationship Director, Nathan will specialise in estate planning Executive Moves News Aggregation Team Wednesday, February 19, 2025 12:00 am https://africa.managersofwealth.com/article/40056/alex-mould-takes-over-as-mida-ceo-from-michael-asare-bediako As he stepped down, Mr. Bediako expressed gratitude for the support he received, stating his confidence in MiDA’s continued success under its new leadership. Executive Moves News Aggregation Team Monday, February 17, 2025 12:00 am https://africa.managersofwealth.com/article/40042/kwame-ntow-amoah-appointed-acting-ceo-of-gnpc He served as a Technical Advisor for Ghana in the landmark Maritime Boundary Case, which Ghana won on September 23, 2017. Executive Moves News Aggregation Team Wednesday, February 12, 2025 12:00 am https://africa.managersofwealth.com/article/40022/old-mutual-ghana-appoints-new-group-ceo He has completed Executive Leadership Development programmes at prestigious institutions Executive Moves News Team Friday, March 14, 2025 12:00 am https://africa.managersofwealth.com/article/40194/botswana-sends-strong-anti-corruption-message-with-recent-audit-announcement The president emphasised the need for an independent and reputable international firm to conduct the audit, ensuring the highest standards of competence and ethical integrity. Legal News Aggregation Team Friday, March 07, 2025 12:00 am https://africa.managersofwealth.com/article/40153/firstrand-ceo-mary-vilakazi-on-uk-court-battle-and-strong-earnings Case will be argued by an ’eminent’ King’s Counsel, supported by a strong UK legal team. Legal News Team Thursday, February 20, 2025 12:00 am https://africa.managersofwealth.com/article/40064/baker-mckenzie-named-african-banking-ampamp-finance-legal-adviser-of-the-year This marks the fourth time in five years that Baker McKenzie has clinched this prestigious title. Legal News Aggregation Team Tuesday, February 18, 2025 12:00 am https://africa.managersofwealth.com/article/40049/former-kuscco-ceo-george-ototo-appears-in-court-after-stealing-ksh-82-million He has, however, been detained at Muthaiga Police Station until Tuesday when the court is expected to make a bail ruling on all the accused persons. Legal News Aggregation Team Monday, February 17, 2025 12:00 am https://africa.managersofwealth.com/article/40043/former-mauritius-pm-arrested-says-financial-crimes-commission Jugnauth "is under arrest", FCC spokesperson Ibrahim Rossaye told reporters, adding that he will be detained in Moka detention centre in Moka district in central Mauritius. Legal News Aggregation Team Tuesday, February 11, 2025 12:00 am https://africa.managersofwealth.com/article/40017/customers-file-class-action-suits-against-access-and-zenith-banks They claim that the banking disruption, which lasted over a week, paralyzed personal lives and businesses Legal News Aggregation Team Monday, January 27, 2025 12:00 am https://africa.managersofwealth.com/article/39932/ecobank-faces-68m-uae-lawsuit-over-defamation-coercion-allegations The lawsuit also names ETI Specialized Resolutions Company (ETISRC), Ecobank Nigeria (ENG), and Oladele Alabi, Managing Director of ETISRC, as co-defendants. Legal News Aggregation Team Monday, January 27, 2025 12:00 am https://africa.managersofwealth.com/article/39935/court-reverses-home-repo-judgment-after-nedbank-bungled-calculations The property was sold at auction for a half its worth and the owner faced eviction. Legal News Aggregation Team Thursday, January 23, 2025 12:00 am https://africa.managersofwealth.com/article/39915/ecobank-faces-68m-lawsuit-over-alleged-defamation-coercion In 2022, ETISRC escalated the matter by filing a report with the Nigeria Police Force, accusing Wilben Trade of conspiracy and fraudulent conversion. Legal News Aggregation Team Wednesday, January 22, 2025 12:00 am https://africa.managersofwealth.com/article/39911/fg-defends-tariff-hike-amid-legal-threats-from-serap-subscribers The National Association of Telecoms Subscribers and the Socio-Economic Rights and Accountability Project said they plan to challenge the tariff increase in court, describing it as burdensome and unlawful. Legal News Aggregation Team Monday, March 24, 2025 12:00 am https://africa.managersofwealth.com/article/40243/banks-and-fintech-need-stronger-collaboration-to-achieve-financial-inclusion-mr-quayson The Summit also discussed threats to the financial services sector through cybercrimes, identity theft among others and how players could form synergies to avert the same. FinTech News Aggregation Team Wednesday, March 19, 2025 12:00 am https://africa.managersofwealth.com/article/40223/crypto-in-south-africa-between-progress-and-precaution-ampndash-what-you-need-to-know Realistically, however, crypto comes with risks that aren’t as easy to identify as those that come with traditional payment methods such as bank cards and cash FinTech News Aggregation Team Monday, March 17, 2025 12:00 am https://africa.managersofwealth.com/article/40203/lagos-mtn-nigeria-unveil-ampldquomy-lagos-appamprdquo The app serves as a vital link between the government and citizens, promoting accountability, transparency, and real-time updates. FinTech News Team Friday, March 14, 2025 12:00 am https://africa.managersofwealth.com/article/40193/pam-golding-data-breach-incident-a-reminder-of-notification-duties-in-south-africa The security incident took place on 7 March, when an unauthorised third party gained access to Pam Golding’s customer relationship management system. FinTech News Aggregation Team Friday, March 14, 2025 12:00 am https://africa.managersofwealth.com/article/40196/crypto-asset-service-providers-and-their-role-in-combating-money-laundering-and-terrorist-financing Adding another layer of risk, crypto assets are not governed by a central authority like a bank or government, making it difficult to monitor transactions and regulate the sector. FinTech News Aggregation Team Wednesday, March 12, 2025 12:00 am https://africa.managersofwealth.com/article/40177/insurance-ceos-advised-to-change-from-traditional-business-model-to-digital-transformation Social innovation challenges us to think beyond profit margins and focus on creating positive social impact. FinTech News Aggregation Team Wednesday, March 12, 2025 12:00 am https://africa.managersofwealth.com/article/40180/minister-lauds-moniepointamprsquos-roles-in-nigeriaamprsquos-fintech-ecosystem He stressed that a thriving fintech sector directly translates to more jobs, increased financial inclusion, and a stronger economy for Nigeria. FinTech News Aggregation Team Wednesday, March 12, 2025 12:00 am https://africa.managersofwealth.com/article/40183/fintava-pay-is-banking-the-unbanked-in-northern-nigeria Fintava Pay’s approach is particularly useful for Northern Nigeria where digital literacy is low FinTech News Aggregation Team Tuesday, March 11, 2025 12:00 am https://africa.managersofwealth.com/article/40172/digital-bank-revolut-is-eyeing-a-south-african-launch Revolut, the world’s fourth-largest digital bank, has confirmed to TechCentral that it is interested in the South African market. FinTech News Aggregation Team Wednesday, March 05, 2025 12:00 am https://africa.managersofwealth.com/article/40142/ghanaamprsquos-banking-industry-emphasizes-biometric-verification-for-secure-transactions Stakeholders were unanimous at the end of the reflections that biometric identity verification is the most reliable way to effectively protect transactions FinTech News Aggregation Team Tuesday, March 25, 2025 12:00 am https://africa.managersofwealth.com/article/40246/uba-profit-grows-to-n804bn-in-2024-declares-n3-final-dividend The bank’s gross earnings also grew significantly from N2.08 trillion recorded at the end of the 2023 financial year to N3.19 trillion in the period under consideration, representing a 53.6 percent growth. Retail Banking News Aggregation Team Tuesday, March 25, 2025 12:00 am https://africa.managersofwealth.com/article/40249/standard-bank-named-africaamprsquos-most-valuable-banking-brand-for-fourth-consecutive-year The world’s top 500 most valuable and strongest banking brands are included in the annual Brand Finance Global 500 Banks ranking. Retail Banking News Aggregation Team Friday, March 21, 2025 12:00 am https://africa.managersofwealth.com/article/40241/ecobank-named-africaamprsquos-best-bank-for-trade-finance It offers unique intra-Africa trade solutions, enabling its customers to settle their domestic and international trade transactions efficiently while mitigating payment risks. Retail Banking News Aggregation Team Thursday, March 20, 2025 12:00 am https://africa.managersofwealth.com/article/40229/uba-unveils-domestic-card-scheme-afrigo The Afrigo Card boasts impressive features, including chip-and-PIN security Retail Banking News Aggregation Team Wednesday, March 19, 2025 12:00 am https://africa.managersofwealth.com/article/40217/the-big-bonuses-banking-execs-receive-how-much-kenny-fihla-earned-in-2024 But with success also comes remuneration of the kind that the average South African can only dream of. Retail Banking News Aggregation Team Wednesday, March 19, 2025 12:00 am https://africa.managersofwealth.com/article/40218/standard-bank-partners-with-zeda-limited-to-diversify-funding Zeda Limited is Southern Africa's leading integrated mobility solutions provider unbundled from Barloworld Group in 2022 and subsequently listed on the JSE. Retail Banking News Aggregation Team Wednesday, March 19, 2025 12:00 am https://africa.managersofwealth.com/article/40219/r180000-per-day-this-is-how-much-new-absa-ceo-kenny-fihla-earned-at-standard-bank-as-a-number-2 He has reportedly been put on ‘gardening leave’ for the remainder of his tenure at Standard Bank. Retail Banking News Aggregation Team Thursday, March 13, 2025 12:00 am https://africa.managersofwealth.com/article/40189/south-african-lender-absa-forecasts-mid-single-digit-revenue-growth Some of Absa's most sensitive retail and small business customers found relief as inflationary pressures eased, interest rates fell and power blackouts became less frequent. Retail Banking News Aggregation Team Thursday, March 13, 2025 12:00 am https://africa.managersofwealth.com/article/40191/south-african-banking-ceo-kisses-r60-million-goodbye In September 2016, Quinn became Absa’s group financial director, a position he held until he departed from the banking group. Retail Banking News Aggregation Team Tuesday, March 11, 2025 12:00 am https://africa.managersofwealth.com/article/40170/relief-for-absa-customers-in-south-africa East Africa continued to perform well, while Zambia and Mozambique were hit by drought and unrest, respectively. Retail Banking News Team Friday, February 14, 2025 12:00 am https://africa.managersofwealth.com/article/40036/cardinalstone-partners-limited-completes-acquisition-of-radix-pension-managers Following the acquisition, Radix Pension Managers Limited has been rebranded as CardinalStone Pensions Limited, marking a new era of growth and innovation in pension fund administration. Investment Banking News Aggregation Team Monday, December 09, 2024 12:00 am https://africa.managersofwealth.com/article/39680/4-banks-call-it-quits-in-south-africa-in-2024 The French bank was permitted to conduct business as a bank in South Africa using a branch in 2012, allowing it to offer corporate and investment banking services. Investment Banking News Aggregation Team Wednesday, November 20, 2024 12:00 am https://africa.managersofwealth.com/article/39575/fbnquest-asset-management-wins-bafi-award-excellence The award ceremony, celebrated the outstanding achievements of financial institutions across Nigeria, highlighting those that have demonstrated innovation, excellence, and unwavering commitment to quality service. Investment Banking News Aggregation Team Tuesday, October 22, 2024 1:00 am https://africa.managersofwealth.com/article/39412/hsbc-leads-as-menaamprsquos-top-earner-in-investment-banking-fees HSBC was followed by Standard Chartered ($56.5 million) and First Abu Dhabi Bank ($56 million) in the league tables Investment Banking News Aggregation Team Wednesday, October 09, 2024 1:00 am https://africa.managersofwealth.com/article/39336/hsbc-mulls-south-african-exit-as-european-banks-pull-back The lender has roots in Asia and has pledged to simplify its global structure, amid a general European retreat from Africa's banking sector. Investment Banking News Aggregation Team Thursday, September 19, 2024 1:00 am https://africa.managersofwealth.com/article/39223/jpmorgan-aims-to-expand-in-africa-and-scandinavia And a report Wednesday from Reuters notes that CEO Jamie Dimon plans to travel to Kenya, Nigeria, South Africa and Ivory Coast next month to boost the bank’s expansion in Africa. Investment Banking News Team Tuesday, September 10, 2024 1:00 am https://africa.managersofwealth.com/article/39170/african-development-bank-at-60-ampldquotoday-as-in-the-past-you-are-part-of-africaamprsquos-transformationamprdquo-akinwumi-adesina-heralds-commitment-shown-by-bank-staff-in-building-its-thrilling-history The Bank’s entire ecosystem plays a part in each project. Investment Banking News Aggregation Team Tuesday, August 06, 2024 1:00 am https://africa.managersofwealth.com/article/38973/banks-get-r80m-in-fees-as-pick-n-pay-raises-r4bn Ackerman Investment Holdings subscribes for 64m ‘rights offer shares’ at a total value of more than R1bn. Investment Banking 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 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 News Team Tuesday, March 25, 2025 12:00 am https://africa.managersofwealth.com/article/40245/afreximbank-acts-as-joint-global-coordinator-on-badeaamprsquos-second-eur-750mn-senior-eurobond-due-2028 The bond proceeds will fund general corporate purposes including loan book growth in Sub-Saharan Africa under BADEA’s 9th Strategic Plan 2025-2029. Alternative Investments News Team Tuesday, March 25, 2025 12:00 am https://africa.managersofwealth.com/article/40247/african-development-bank-group-to-expand-investment-in-lesotho-to-331-million His Majesty expressed delight at the Bank President’s visit Alternative Investments News Aggregation Team Tuesday, March 25, 2025 12:00 am https://africa.managersofwealth.com/article/40248/ngx-group-cbn-others-collaborate-to-equip-students-with-financial-literacy This initiative underscores a shared commitment to fostering financial inclusion and equipping young Nigerians with the knowledge required for long-term financial well-being. Alternative Investments News Aggregation Team Friday, March 21, 2025 12:00 am https://africa.managersofwealth.com/article/40234/view-from-the-top-with-goldman-sachsamprsquo-hilary-lopez Head of the EMEA third-party wealth business says her mission upon joining the company was to become one of the leading players in the region Alternative Investments News Team Friday, March 21, 2025 12:00 am https://africa.managersofwealth.com/article/40236/a-further-drop-in-nigeriaamprsquos-inflation-rate The lower reading follows what appears to be a sharp drop in January’s inflation from 34.80% y/y in December 2024 Alternative Investments News Aggregation Team Friday, March 21, 2025 12:00 am https://africa.managersofwealth.com/article/40239/r47-billion-disaster-for-south-africa-looms Those funds would have unlocked a further $2.1 billion from multilateral development banks and other sources of financing. Alternative Investments News Team Friday, March 21, 2025 12:00 am https://africa.managersofwealth.com/article/40240/a-mm-drop-in-capital-imported-in-nov-amprsquo24 In terms of composition, portfolio investments remained the largest contributor Alternative Investments News Aggregation Team Friday, March 21, 2025 12:00 am https://africa.managersofwealth.com/article/40242/r45-billion-two-pot-retirement-surge-in-south-africa The company’s investment return more than doubled to R595 million. Alternative Investments News Team Thursday, March 20, 2025 12:00 am https://africa.managersofwealth.com/article/40233/african-development-bank-mulls-500-million-facility-to-mobilize-financing-for-smallholder-farmers On Tuesday, a panel of leading global and African financial experts also issued a resounding call to align financial structures Alternative Investments News Aggregation Team Tuesday, March 18, 2025 12:00 am https://africa.managersofwealth.com/article/40210/tajbank-to-issue-n20bn-mudarabah-sukuk-on-ngx The issuance is part of its N100 billion Sukuk programme. Alternative Investments News Team Friday, March 21, 2025 12:00 am https://africa.managersofwealth.com/article/40237/a-moderation-in-inflation-expectations The decision to peg 2024 as the new base year was significant, as it was a period characterised by significant price pressures due to a combination of factors. Comment, Analysis & Research News Aggregation Team Thursday, March 20, 2025 12:00 am https://africa.managersofwealth.com/article/40226/four-new-banks-coming-to-south-africa These banks offer customers retail, corporate, and investment banking services and earn billions in profits yearly. Comment, Analysis & Research News Aggregation Team Wednesday, March 19, 2025 12:00 am https://africa.managersofwealth.com/article/40221/the-woman-who-ran-one-of-south-africaamprsquos-largest-banks-and-joined-its-biggest-competitor With her accounting and law background, she believed it was the perfect job for her. Although there was a steep learning curve, she learned a lot about banking. Comment, Analysis & Research News Aggregation Team Tuesday, March 18, 2025 12:00 am https://africa.managersofwealth.com/article/40213/bad-news-for-interest-rates-in-south-africa The rise in expectations in two years’ time adds to concern about the impact that US President Donald Trump’s tariff war will have on global inflation. Comment, Analysis & Research News Aggregation Team Monday, March 17, 2025 12:00 am https://africa.managersofwealth.com/article/40202/iwd-uba-amplifies-womenamprsquos-leadership-financial-independence At UBA, we continue to champion diversity and inclusion. Comment, Analysis & Research News Team Thursday, March 13, 2025 12:00 am https://africa.managersofwealth.com/article/40186/mm-decrease-in-gross-official-reserves This marks the second consecutive monthly decline after the reserves peaked at USD40.9bn in Dec '24 Comment, Analysis & Research News Aggregation Team Thursday, March 13, 2025 12:00 am https://africa.managersofwealth.com/article/40190/experts-highlight-importance-of-research-for-economic-growth The Exchange featured discussions on research commercialization, collaboration, technology adoption, IP Management, funding opportunities and intersections. Comment, Analysis & Research News Aggregation Team Thursday, March 13, 2025 12:00 am https://africa.managersofwealth.com/article/40192/the-one-thing-godongwana-desperately-needs-to-deliver They want fiscal certainty, and ultimately, they want an environment that is conducive to growth. Comment, Analysis & Research News Aggregation Team Tuesday, March 11, 2025 12:00 am https://africa.managersofwealth.com/article/40175/ghanaamprsquos-economy-estimated-at-ghampcent117trn-in-2024-ampndash-gss Meanwhile, the Ghanaian economy grew at a rate 5.7% in 2024, higher than the revised 3.1% growth rate in 2023. Comment, Analysis & Research News Team Tuesday, March 11, 2025 12:00 am https://africa.managersofwealth.com/article/40176/gender-in-focus-how-my-african-development-bank-journey-brings-africa-gender-index-statistics-to-life AfDB Manager Nathalie Gahunga says her work took her to Bank programs that bring the Bank’s Africa Gender Index Analytica Report to life. Watch one of those stories. Comment, Analysis & Research News Aggregation Team Tuesday, March 25, 2025 12:00 am https://africa.managersofwealth.com/article/40250/how-to-legally-pay-less-tax-in-south-africa This means that taxpayers will fall prey to inflationary bracket creep. Tax News Aggregation Team Tuesday, March 25, 2025 12:00 am https://africa.managersofwealth.com/article/40251/amplsquotax-reformamprsquoll-eliminate-regulatory-bottlenecks-boost-msmes-growthamprsquo Odii said that once passed into law, the bill would remove multiple taxation and exempt businesses with annual earnings below N100 million from key tax obligations. Tax News Team Thursday, March 20, 2025 12:00 am https://africa.managersofwealth.com/article/40225/switzerland-and-zimbabwe-sign-double-taxation-agreement The DTA allows the Swiss network of double taxation agreements to be expanded into Southern Africa. Tax News Aggregation Team Thursday, March 20, 2025 12:00 am https://africa.managersofwealth.com/article/40232/how-many-millionaires-pay-tax-in-south-africa Despite this continued outflow, South Africa still retained a significant number of wealthy residents. Tax News Aggregation Team Tuesday, March 18, 2025 12:00 am https://africa.managersofwealth.com/article/40211/how-much-tax-youamprsquore-really-paying-in-2025 Crunching the numbers in the proposed 2025 Budget, independent data analyst Pieter Jordaan shows that lower-income earners are set to bear the brunt of the coming hikes. Tax News Aggregation Team Friday, March 14, 2025 12:00 am https://africa.managersofwealth.com/article/40195/good-news-for-south-african-taxpayers This would have significantly increased the price of most products in South Africa, impacting all population sectors. Tax News Aggregation Team Friday, March 14, 2025 12:00 am https://africa.managersofwealth.com/article/40197/reps-committee-adopts-tax-reform-bills-as-a-working-document-maintains-vat-at-75 Faleke expressed optimism that the Nigeria Revenue Service would enhance seamless tax harmonization and administration. Tax News Aggregation Team Thursday, March 13, 2025 12:00 am https://africa.managersofwealth.com/article/40188/godongwana-urged-to-cut-spending-over-tax-hikes-amid-economic-crisis A proposed increase in VAT from 15% to 17% has met with significant opposition, with many stakeholders outright rejecting the plan. Tax News Aggregation Team Wednesday, March 12, 2025 12:00 am https://africa.managersofwealth.com/article/40182/medical-aid-tax-credits-fuel-levies-and-vat-ampndash-what-to-expect-in-south-africaamprsquos-new-budget Treasury has stressed that South Africa’s VAT is still lower than the 19% seen in peer countries Tax News Aggregation Team Tuesday, March 11, 2025 12:00 am https://africa.managersofwealth.com/article/40171/zimbabweamprsquos-tax-shift-can-vat-reforms-boost-revenue-without-increasing-poverty The study recommends targeted cash transfers to protect low-income households while maintaining fiscal stability. Tax News Aggregation Team Tuesday, March 25, 2025 12:00 am https://africa.managersofwealth.com/article/40244/cibn-inducts-1270-professionals-as-alade-calls-for-banking-innovation Addressing the inductees, Alade described the ceremony as the beginning of an elevated professional journey, urging them to go beyond routine banking practices and become transformative leaders. Regulation,Tax & Compliance News Aggregation Team Friday, March 21, 2025 12:00 am https://africa.managersofwealth.com/article/40238/reserve-bank-holds-interest-rates This keeps the repo rate at 7.50% and the prime lending rate at 11.00%. Regulation,Tax & Compliance News Aggregation Team Thursday, March 20, 2025 12:00 am https://africa.managersofwealth.com/article/40228/important-warning-to-all-south-africans-with-a-bank-account The centre noted that the latest wave of scams is particularly concerning, as fraudsters use deepfake videos, voice cloning, and AI-powered chatbots. Regulation,Tax & Compliance News Aggregation Team Wednesday, March 19, 2025 12:00 am https://africa.managersofwealth.com/article/40220/discovery-bank-warns-south-africans-of-new-police-scam Discovery Bank stressed that the SAPS would never ask for money to investigate or drop a case, and the calls often come from private numbers, which is not normal. Regulation,Tax & Compliance News Aggregation Team Wednesday, March 19, 2025 12:00 am https://africa.managersofwealth.com/article/40222/kenya-approves-plan-for-saccos-to-issue-own-cheques-cut-bank-loans Failure to access the national payments system and the clearing house has seen Saccos form partnership with banks to enable them to offer these services at a cost Regulation,Tax & Compliance News Aggregation Team Tuesday, March 18, 2025 12:00 am https://africa.managersofwealth.com/article/40209/ajayi-the-liberalisation-of-exchange-rate-has-improved-access-to-dollars He made this statement at an exclusive Economic Forum organised by RMB Nigeria, where business leaders, policymakers, and financial experts gathered to address the complexities of Nigeria’s reform landscape. Regulation,Tax & Compliance News Aggregation Team Tuesday, March 18, 2025 12:00 am https://africa.managersofwealth.com/article/40212/the-south-african-reserve-bank-has-recently-published-a-draft-activity-based-authorisation-framework-for-participants-banks-and-non-banks-in-the-national-payment-system It is noteworthy that the persons who conduct TPPP Payment Activities will be exempt from several significant requirements of the Draft Directive. Regulation,Tax & Compliance News Aggregation Team Monday, March 17, 2025 12:00 am https://africa.managersofwealth.com/article/40206/how-much-the-rand-should-be-worth The South African currency’s unpredictability also scares away many risk-averse foreign investors who prefer certainty over potentially high returns. Regulation,Tax & Compliance News Aggregation Team Monday, March 17, 2025 12:00 am https://africa.managersofwealth.com/article/40207/south-african-reserve-bank-to-pause-rate-cutting-cycle-resume-in-may-reuters-poll Rates are expected to fall 25 basis points to 7.25% in May and then remain there for the rest of this year, poll medians showed. Regulation,Tax & Compliance News Aggregation Team Friday, March 14, 2025 12:00 am https://africa.managersofwealth.com/article/40198/siga-director-general-to-ensure-ceos-comply-with-assets-declaration-law-ampndash-president The law aims to prevent corruption, detect illicit enrichment, and address conflicts of interest by requiring public officials to disclose their assets and liabilities. Regulation,Tax & Compliance News Aggregation Team Thursday, March 20, 2025 12:00 am https://africa.managersofwealth.com/article/40230/nigeria-firms-unveil-500m-fund-for-renewable-energy This will ensure more reliable and cost-effective power access for Nigerian homes and businesses. ESG News Aggregation Team Wednesday, March 19, 2025 12:00 am https://africa.managersofwealth.com/article/40224/central-africa-eib-reviews-financing-for-760mln-hydro-project-over-drc-war There are already two smaller hydropower dams on the river. A fourth phase is also being contemplated ESG News Aggregation Team Friday, March 07, 2025 12:00 am https://africa.managersofwealth.com/article/40157/un-urges-nigeria-to-adopt-strong-climate-plan-for-economic-growth He underscored that bold climate action is essential to avoid the devastating effects of global warming while creating substantial human and economic benefits. ESG News Aggregation Team Wednesday, March 05, 2025 12:00 am https://africa.managersofwealth.com/article/40143/nedbank-norfund-acquire-stake-in-saamprsquos-pele-energy Wainwright said the transaction creates a platform for Pele to raise more funding. ESG News Team Thursday, February 13, 2025 12:00 am https://africa.managersofwealth.com/article/40029/african-development-bank-and-germany-announce-major-initiatives-in-energy-access-private-sector-development The partnership will enhance support for the Bank Group’s energy access programs, focusing on implementing National Energy Compacts across member countries. ESG News Team Wednesday, January 29, 2025 12:00 am https://africa.managersofwealth.com/article/39949/african-development-bank-and-kpmg-present-new-financing-model-to-leverage-africaamprsquos-mineral-wealth-for-accelerated-energy-transition The report concludes by emphasizing the benefits of the new mechanism for both lenders and borrowers ESG News Aggregation Team Friday, January 17, 2025 12:00 am https://africa.managersofwealth.com/article/39882/world-bank-sets-africa-terms-to-win-40-billion-in-power-finance Thirteen countries will present their plans at a head of state Mission 300 energy summit in Tanzania at the end of this month. ESG News Aggregation Team Friday, January 10, 2025 12:00 am https://africa.managersofwealth.com/article/39846/financial-sustainable-and-generational-wealth It not only underpins national economic growth but also shapes socio-economic realities and lays the foundation for future generations to prosper. ESG News Aggregation Team Tuesday, December 31, 2024 12:00 am https://africa.managersofwealth.com/article/39788/a-major-risk-to-the-reserve-bank The South African Reserve Bank’s constitutional mandate suggests that the central bank’s role in ensuring environmental sustainability is indirect ESG News Aggregation Team Tuesday, December 03, 2024 12:00 am https://africa.managersofwealth.com/article/39648/climate-shocks-and-the-economy Sustainable economic growth implies that an economy is growing continuously at its potential and avoiding boom and bust episodes ESG