Managers of Wealth - Africa https://africa.managersofwealth.com/ Mon, 20 Jul 2026 10:48:58 BST part of MediaG8way Group https://africa.managersofwealth.com/ https://africa.managersofwealth.com/assets/images/logo.png Managers of Wealth - Africa KohanaPHP Nairobi to Host Forum on Wealth Management and Family Office Investment News Aggregation Team Thursday, July 02, 2026 1:00 am https://africa.managersofwealth.com/article/42771/nairobi-to-host-forum-on-wealth-management-and-family-office-investment Participants will also explore how technology is reshaping wealth management and influencing investment decision-making. Wealth and Asset Management Africa’s Wealth Conversation Has Found Its Home News Aggregation Team Thursday, July 02, 2026 1:00 am https://africa.managersofwealth.com/article/42774/africaamprsquos-wealth-conversation-has-found-its-home LPWC has reached a point in its development where the brand carries real weight. Wealth and Asset Management Global Wealth Report 2026: Global wealth rose over 10% in 2025 News Team Wednesday, July 01, 2026 1:00 am https://africa.managersofwealth.com/article/42762/global-wealth-report-2026-global-wealth-rose-over-10-in-2025 The latest edition of the UBS Global Wealth Report shows a broad-based increase in personal wealth, driven by strong financial markets and rising non‑financial assets, with average wealth growing faster than global economic output. Wealth and Asset Management Investec rolls out Microsoft Copilot to all 8,000 colleagues globally News Team Thursday, June 25, 2026 1:00 am https://africa.managersofwealth.com/article/42729/investec-rolls-out-microsoft-copilot-to-all-8000-colleagues-globally The first full-workforce Microsoft Copilot deployment publicly announced by an organisation in South Africa Wealth and Asset Management Goodbye Gauteng – Millionaires rushing to a new home in South Africa 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 Global millionaire population jumps by nearly 2 million in 2025, driven by strong stock market performance worldwide 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 Interswitch Partners with Temenos to Scale Digital Banking Services Across Africa 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 South Africa’s middle class is in serious trouble 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 Investec eyes City hiring spree in major move into UK private banking 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 Sovereign Wealth Fund Records Profit in the First Quarter 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 Two directors resign after FSCA launches PIC investigation News Aggregation Team Thursday, July 16, 2026 1:00 am https://africa.managersofwealth.com/article/42855/two-directors-resign-after-fsca-launches-pic-investigation The resignations have added to mounting governance concerns at Africa’s largest asset manager. Executive Moves Ctrack Announces Appointment of New General Manager for Middle East and Africa News Aggregation Team Thursday, July 16, 2026 1:00 am https://africa.managersofwealth.com/article/42858/ctrack-announces-appointment-of-new-general-manager-for-middle-east-and-africa His appointment supports Ctrack’s continued focus on strengthening execution, enhancing customer value and building on its position as a trusted technology partner in the fleet management and telematics sector. Executive Moves CDH strengthens its pan-African leadership with Phetheni Nkuna’s COO appointment News Aggregation Team Wednesday, July 15, 2026 1:00 am https://africa.managersofwealth.com/article/42845/cdh-strengthens-its-pan-african-leadership-with-phetheni-nkunaamprsquos-coo-appointment Recently appointed Chief Operating Officer (COO) Nkuna will oversee the firm’s operations across the continent, supporting the continued cross-border integration and broader pan-African business strategy. Executive Moves FNB appoints Linda Kachingwe-Sisya as new CMO News Aggregation Team Tuesday, July 14, 2026 1:00 am https://africa.managersofwealth.com/article/42841/fnb-appoints-linda-kachingwe-sisya-as-new-cmo She succeeds Faye Mfikwe after 19 years and will lead the bank’s brand strategy, marketing and corporate affairs. Executive Moves RMB appoints Judy Kobus as Corporate CEO News Aggregation Team Friday, July 10, 2026 1:00 am https://africa.managersofwealth.com/article/42822/rmb-appoints-judy-kobus-as-corporate-ceo Under her leadership, the business evolved from a product-led approach to a more sector- and client-led model, doubling profit before tax. Executive Moves Standard Bank brings in Absa’s Hlungwane to lead Africa transaction banking News Aggregation Team Wednesday, July 08, 2026 1:00 am https://africa.managersofwealth.com/article/42805/standard-bank-brings-in-absaamprsquos-hlungwane-to-lead-africa-transaction-banking He is taking over from, and will report to, Thabo Makoko, who’s been promoted to head of transaction banking at the lender. Executive Moves MTN CEO Ralph Mupita lands a new job News Aggregation Team Tuesday, July 07, 2026 1:00 am https://africa.managersofwealth.com/article/42799/mtn-ceo-ralph-mupita-lands-a-new-job MTN CEO Ralph Mupita has been named, alongside several leaders from government and business, as a commissioner of the AI for Good Global Commission. Executive Moves NAHCO Strengthens Board as Wolemi Esan, FirstBank Executive, Join as Non-Executive Directors News Aggregation Team Tuesday, July 07, 2026 1:00 am https://africa.managersofwealth.com/article/42802/nahco-strengthens-board-as-wolemi-esan-firstbank-executive-join-as-non-executive-directors NAHCO appoints Wolemi Esan and Dr Julius B. Omodayo-Owotuga as Non-Executive Directors effective July 1, 2026 Executive Moves Tony Elumelu to step down as UBA chair, bank names successor News Aggregation Team Tuesday, July 07, 2026 1:00 am https://africa.managersofwealth.com/article/42803/tony-elumelu-to-step-down-as-uba-chair-bank-names-successor The financial institution also named a current non-executive director on the board, Emmanuel Nnorom, as its incoming group chairman, whose appointment will take effect on the same day Elumelu retires. Executive Moves J.P. Morgan reshuffles senior private bankers in APAC and EMEA News Aggregation Team Monday, July 06, 2026 1:00 am https://africa.managersofwealth.com/article/42790/jp-morgan-reshuffles-senior-private-bankers-in-apac-and-emea She will relocate from the UK to Hong Kong to take on the new role and report to Harhika Patel, CEO of the Asia private bank. Executive Moves New laws against invasion of private property in South Africa – with a R2 million fine or jail time for anyone inciting it News Aggregation Team Tuesday, July 07, 2026 1:00 am https://africa.managersofwealth.com/article/42798/new-laws-against-invasion-of-private-property-in-south-africa-ampndash-with-a-r2-million-fine-or-jail-time-for-anyone-inciting-it 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 Major South Africa forex-rigging case moves forward News Aggregation Team Friday, July 03, 2026 1:00 am https://africa.managersofwealth.com/article/42781/major-south-africa-forex-rigging-case-moves-forward The dispute will now be referred back to the Competition Tribunal of South Africa. Legal Top court rules on rand manipulation allegations against Absa, FirstRand, Nedbank, and Standard Bank News Team Wednesday, July 01, 2026 1:00 am https://africa.managersofwealth.com/article/42765/top-court-rules-on-rand-manipulation-allegations-against-absa-firstrand-nedbank-and-standard-bank The court ruled that the Commission’s prosecution against the banks was based on flawed factual assumptions and completely lacked the required evidentiary link to prove they participated in a single overarching conspiracy. Legal Government to step up labour law enforcement 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 Pityana Takes Absa Board Dismissal Battle to Supreme Court of Appeal 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 Union Bank customers fear fallout as CBN legal battle deepens over control 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 Constitutional Court Broadens the Reach of South Africa’s GAAR in Absa v SARS Introduction  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 SCA delivers blow to Sars in protracted court battle 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 Procurement reform raises questions for South Africa’s infrastructure sector 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 Court orders homeowner to pay Nedbank R1.6 million and initiates sale of Cape Town property 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 Why South African banks still charge for instant payments News Aggregation Team Wednesday, July 15, 2026 1:00 am https://africa.managersofwealth.com/article/42851/why-south-african-banks-still-charge-for-instant-payments Digital challenger banks argue that instant payments should be treated as a core banking service rather than a premium feature. FinTech Nigeria tops Africa in Global Responsible AI Index, ranks 38th worldwide News Aggregation Team Friday, July 10, 2026 1:00 am https://africa.managersofwealth.com/article/42825/nigeria-tops-africa-in-global-responsible-ai-index-ranks-38th-worldwide The report says Nigeria has distinguished itself by pairing AI skills development with enforceable governance measures instead of focusing solely on technology adoption. FinTech Mobile-money histories should unlock loans, insurance for informal workers – BoG fintech head News Aggregation Team Friday, July 10, 2026 1:00 am https://africa.managersofwealth.com/article/42826/mobile-money-histories-should-unlock-loans-insurance-for-informal-workers-ampndash-bog-fintech-head He said mobile money wallets should increasingly become a pathway for small traders, informal workers and ordinary consumers to access services that traditional bank accounts have long provided. FinTech Telkom launching new R100 million AI Institute News Aggregation Team Thursday, July 09, 2026 1:00 am https://africa.managersofwealth.com/article/42813/telkom-launching-new-r100-million-ai-institute The coalition has surpassed $82 billion in global commitments to connect the world, with Telkom among the few African companies recognised in the recent round of pledges. FinTech Financial platform for immigrants LemFi buys Wealth8 News Aggregation Team Tuesday, July 07, 2026 1:00 am https://africa.managersofwealth.com/article/42797/financial-platform-for-immigrants-lemfi-buys-wealth8 It has also secured approval from the Central Bank of Ireland to acquire Bureau Buttercrane, granting it instant access to the entire European Economic Area. FinTech 10 largest banks in Nigeria by branch Network in 2026 News Aggregation Team Monday, July 06, 2026 1:00 am https://africa.managersofwealth.com/article/42794/10-largest-banks-in-nigeria-by-branch-network-in-2026 Together, the three banks operate more than 1,400 branches, highlighting the continued relevance of physical banking in Africa’s largest economy. FinTech Kenyan Treasury Pushes 30% Reserve Requirement as Stablecoin Firms Warn of Higher Costs News Aggregation Team Monday, July 06, 2026 1:00 am https://africa.managersofwealth.com/article/42796/kenyan-treasury-pushes-30-reserve-requirement-as-stablecoin-firms-warn-of-higher-costs Industry representatives warn that locking up nearly a third of their reserves in Kenyan commercial banks could choke operational liquidity, slow transaction speeds, and increase costs for consumers who use stablecoins for cross-border trade and remittanc FinTech Firms to Scale Digital Banking Services across Africa News Aggregation Team Thursday, July 02, 2026 1:00 am https://africa.managersofwealth.com/article/42772/firms-to-scale-digital-banking-services-across-africa This is a pivotal moment for Interswitch as we accelerate our expansion beyond payments and reimagine digital banking for Africa. FinTech Mastercard launches Africa Cybersecurity Centre of Excellence News Aggregation Team Tuesday, June 30, 2026 1:00 am https://africa.managersofwealth.com/article/42754/mastercard-launches-africa-cybersecurity-centre-of-excellence The Africa Cybersecurity Centre of Excellence is a multi-year initiative led by Mastercard that will begin a phased rollout in 2026, starting with South Africa and Nigeria. FinTech World Bank Announces Up to USD 25 Million Program to Improve Access to Digital Devices in Mozambique News Aggregation Team Monday, June 29, 2026 1:00 am https://africa.managersofwealth.com/article/42745/world-bank-announces-up-to-usd-25-million-program-to-improve-access-to-digital-devices-in-mozambique The announcement was made by Anna-Elisabeth Costafrolaz, World Bank representative, during the 5th National Communications Conference, while addressing the challenges of digital inclusion in the country. FinTech Strategic blunders to blame for African Bank’s troubles, say analysts News Aggregation Team Monday, July 20, 2026 1:00 am https://africa.managersofwealth.com/article/42871/strategic-blunders-to-blame-for-african-bankamprsquos-troubles-say-analysts In a statement released this week, the bank said due to costs having exceeded risk-adjusted revenue, it had no option but to review staff costs. Retail Banking FNB, Absa and Nedbank bet on money for machines News Aggregation Team Monday, July 20, 2026 1:00 am https://africa.managersofwealth.com/article/42875/fnb-absa-and-nedbank-bet-on-money-for-machines Three of South Africa’s biggest banks have quietly joined the Visa- and Stripe-backed Open USD stablecoin project. Retail Banking African Development Bank Approves $400 million Loan to Support Municipal Utility Reform in South Africa’s Mpumalanga Province News Team Friday, July 17, 2026 1:00 am https://africa.managersofwealth.com/article/42860/african-development-bank-approves-400-million-loan-to-support-municipal-utility-reform-in-south-africaamprsquos-mpumalanga-province Under the African Development Bank’s Results-Based Financing instrument, loan disbursements will be linked to independently verified improvements in utility performance and service delivery, with funds released only after agreed results are achieved Retail Banking Big changes for how credit cards are used in South Africa News Aggregation Team Friday, July 17, 2026 1:00 am https://africa.managersofwealth.com/article/42862/big-changes-for-how-credit-cards-are-used-in-south-africa The bank collects this data and produces reports to better understand how young individuals are engaging with its products and how services can be adapted to their needs. Retail Banking Major South African bank looking to retrench 1,200 workers News Aggregation Team Friday, July 17, 2026 1:00 am https://africa.managersofwealth.com/article/42864/major-south-african-bank-looking-to-retrench-1200-workers The group also flagged that its costs were growing ahead of its risk-adjusted revenue. Retail Banking Good news for Absa customers in South Africa News Aggregation Team Thursday, July 16, 2026 1:00 am https://africa.managersofwealth.com/article/42852/good-news-for-absa-customers-in-south-africa Absa noted that the service is available strictly to active Absa Bank customers with a valid transactional account. Retail Banking Standard Bank provides first $29m social documentary credit facility to Helios Towers News Aggregation Team Thursday, July 16, 2026 1:00 am https://africa.managersofwealth.com/article/42857/standard-bank-provides-first-29m-social-documentary-credit-facility-to-helios-towers This article was produced with the support of Standard Bank Corporate and Investment Banking Retail Banking Ecobank Cameroun rolls out a wealth management offer to lock in its Premium segment News Aggregation Team Thursday, July 16, 2026 1:00 am https://africa.managersofwealth.com/article/42859/ecobank-cameroun-rolls-out-a-wealth-management-offer-to-lock-in-its-premium-segment By launching in Douala a wealth management offer built on its pan-African network and specialised partners, Ecobank Cameroun aims to strengthen its positioning with premium clients seeking tailored wealth advisory. Retail Banking Capitec and Standard Bank just made a huge leap in South Africa News Aggregation Team Wednesday, July 15, 2026 1:00 am https://africa.managersofwealth.com/article/42844/capitec-and-standard-bank-just-made-a-huge-leap-in-south-africa The Banker’s ‘biggest bank’ ranking focuses on Tier 1 Capital, which represents a bank’s core capital—considered the most reliable and stable source of funds. Retail Banking Fidelity Bank Chairman Gets Woman of the Year Award News Aggregation Team Tuesday, July 14, 2026 1:00 am https://africa.managersofwealth.com/article/42836/fidelity-bank-chairman-gets-woman-of-the-year-award She noted that Onwughalu made history as the first woman to chair the board of Fidelity Bank Plc and has continued to provide strategic leadership that has strengthened the bank’s corporate governance and long-term growth. Retail Banking Nigeria tops EIB largest country of operations in Africa News Aggregation Team Monday, June 22, 2026 1:00 am https://africa.managersofwealth.com/article/42710/nigeria-tops-eib-largest-country-of-operations-in-africa The agreement, was sealed at a signing ceremony held at the Lagos State Waterways Authority, LASWA, Headquarters, Falomo, in Lagos. Investment Banking Standard Bank wins global awards for Investment Banking and Sustainable Finance 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 Pan-African Investment Banking Group United Capital Chooses Rwanda as Its East and Central African Hub 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 Oman opens Angola-based investment bank to deepen Africa trade links 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 Ecowas Bank for Investment and Development targets SMEs in Ghana with fresh funding for 2026 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 Cedi strength cuts Societe Generale Ghana's bottom line as profit after tax dips 28% 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 Rothschild & Co receives two major awards from The Banker 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 Ethiopia Adds Fourth Investment Bank as ECMA Licenses Awash Capital 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 Nedbank CIB crowned Best Investment Bank in SA – three years running 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 Goldman, Investec see room for three SA rate cuts in 2025 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 Investors identify Africa’s next billion-dollar opportunities at UBA Business Series News Aggregation Team Monday, July 20, 2026 1:00 am https://africa.managersofwealth.com/article/42874/investors-identify-africaamprsquos-next-billion-dollar-opportunities-at-uba-business-series A major highlight of the discussion was the consensus among panellists that financial inclusion, the creative economy, sports, and small and medium enterprises (SMEs) represent the sectors most likely to produce Africa’s next billion-dollar companie Alternative Investments Nigeria’s foreign reserves hit $51.86 billion, highest since 2009 News Aggregation Team Friday, July 17, 2026 1:00 am https://africa.managersofwealth.com/article/42861/nigeriaamprsquos-foreign-reserves-hit-5186-billion-highest-since-2009 The milestone underscores the strengthening of Nigeria’s external position amid improved foreign exchange inflows, rising export earnings, and sustained investor interest in the country’s financial assets. Alternative Investments Inflationary pressures ease as expected News Team Friday, July 17, 2026 1:00 am https://africa.managersofwealth.com/article/42863/inflationary-pressures-ease-as-expected This marks a reversal of the upward inflation trend observed since March Alternative Investments Naira remains broadly stable in June News Team Friday, July 17, 2026 1:00 am https://africa.managersofwealth.com/article/42865/naira-remains-broadly-stable-in-june The resulting moderation in market liquidity constrained the availability of FX supply. Alternative Investments Upward trajectory in pension assets News Team Friday, July 17, 2026 1:00 am https://africa.managersofwealth.com/article/42867/upward-trajectory-in-pension-assets The sustained growth reflects a combination of continued pension contributions, increasing enrolment levels Alternative Investments Regency Alliance targets N932m Q3 profit News Aggregation Team Wednesday, July 15, 2026 1:00 am https://africa.managersofwealth.com/article/42850/regency-alliance-targets-n932m-q3-profit To bolster its core underwriting profit, Regency Alliance is relying heavily on its investment portfolio Alternative Investments Insurers are investing heavily in AI, yet many are still struggling to realise meaningful returns News Aggregation Team Tuesday, July 14, 2026 1:00 am https://africa.managersofwealth.com/article/42839/insurers-are-investing-heavily-in-ai-yet-many-are-still-struggling-to-realise-meaningful-returns That matters in a sector where AI is already affecting underwriting, claims, fraud detection, customer service, compliance and internal productivity. Alternative Investments Good governance comes before investment – SBG’s Goolam Ballim News Aggregation Team Monday, July 13, 2026 1:00 am https://africa.managersofwealth.com/article/42832/good-governance-comes-before-investment-ampndash-sbgamprsquos-goolam-ballim ‘Africa has never enjoyed such economic reverence.’ Alternative Investments Nigeria’s FX market turnover crashes 46.57% to $1.63 billion second week of July News Aggregation Team Monday, July 13, 2026 1:00 am https://africa.managersofwealth.com/article/42833/nigeriaamprsquos-fx-market-turnover-crashes-4657-to-163-billion-second-week-of-july ….FX Spot plunges $1.38 billion as Forwards halve; daily average collapses from $610.60 million to $326.22 million Alternative Investments Joburg to pay R2.4bn in debt to get R3.6bn funding reinstated News Aggregation Team Thursday, July 09, 2026 1:00 am https://africa.managersofwealth.com/article/42817/joburg-to-pay-r24bn-in-debt-to-get-r36bn-funding-reinstated And plans bond sale to fund upgrades to infrastructure. Alternative Investments Retirement readiness remains a challenge for most South Africans News Aggregation Team Monday, July 20, 2026 1:00 am https://africa.managersofwealth.com/article/42869/retirement-readiness-remains-a-challenge-for-most-south-africans FNB Wealth and Investments head of product Samukelo Zwane unpacks the latest Retirement Insights Survey, highlighting low retirement confidence, rising living costs and why many South Africans expect to work for longer. Comment, Analysis & Research Softer inflation outlook but headwinds persist News Team Friday, July 17, 2026 1:00 am https://africa.managersofwealth.com/article/42866/softer-inflation-outlook-but-headwinds-persist The elevated reading reflected broad-based price pressures across both food and core components. Comment, Analysis & Research CAUGHT IN A CASH 22 - Many South Africans still mistrust banks in increasingly digital world News Aggregation Team Thursday, July 16, 2026 1:00 am https://africa.managersofwealth.com/article/42856/caught-in-a-cash-22-many-south-africans-still-mistrust-banks-in-increasingly-digital-world South Africa has made remarkable progress in expanding access to banking over the past few decades. Comment, Analysis & Research What billionaire Dangote can teach Africa about financing infrastructure News Aggregation Team Friday, July 10, 2026 1:00 am https://africa.managersofwealth.com/article/42821/what-billionaire-dangote-can-teach-africa-about-financing-infrastructure Panellists at a Standard Bank conference cite the industrialist’s refinery in Lagos as an example of how ambitious projects should be funded. Comment, Analysis & Research South Africa’s Newlyn Group Secures Absa Financing for Logistics Expansion News Aggregation Team Friday, July 10, 2026 1:00 am https://africa.managersofwealth.com/article/42827/south-africaamprsquos-newlyn-group-secures-absa-financing-for-logistics-expansion The facility will support the company’s pipeline of infrastructure projects across South Africa and fund development along the country’s main logistics corridors. Comment, Analysis & Research World Bank Sets Five Strategic Priorities for Mozambique’s Development News Aggregation Team Thursday, July 09, 2026 1:00 am https://africa.managersofwealth.com/article/42816/world-bank-sets-five-strategic-priorities-for-mozambiqueamprsquos-development Another priority highlighted by the World Bank is economic diversification. Comment, Analysis & Research A wider current account surplus in Q1 ‘26 News Team Wednesday, July 08, 2026 1:00 am https://africa.managersofwealth.com/article/42812/a-wider-current-account-surplus-in-q1-amplsquo26 The improved surplus on the CA was primarily driven by a sharp increase in the trade surplus Comment, Analysis & Research Nigeria ranks 55th globally, tops Africa in IMD economic performance News Aggregation Team Wednesday, July 01, 2026 1:00 am https://africa.managersofwealth.com/article/42770/nigeria-ranks-55th-globally-tops-africa-in-imd-economic-performance The IMD report, which evaluated 70 economies across economic performance, government efficiency, business efficiency and infrastructure, ranked Nigeria 55th globally on economic performance with a score of 45.2. Comment, Analysis & Research Demand for Technology and Consulting Skills Is Rising News Aggregation Team Tuesday, June 30, 2026 1:00 am https://africa.managersofwealth.com/article/42756/demand-for-technology-and-consulting-skills-is-rising The firm is seeking individuals who want to build rewarding careers while contributing to some of the financial services industry’s most complex and meaningful transformation programmes. Comment, Analysis & Research Services deficit narrows, underlying weakness persist News Team Friday, June 26, 2026 1:00 am https://africa.managersofwealth.com/article/42742/services-deficit-narrows-underlying-weakness-persist Despite this improvement, the services account remains a structurally weak component of Nigeria’s current account, reflecting limited services export capacity alongside persistent import demand. Comment, Analysis & Research New ‘tax’ for petrol and diesel is coming News Aggregation Team Wednesday, July 15, 2026 1:00 am https://africa.managersofwealth.com/article/42846/new-amplsquotaxamprsquo-for-petrol-and-diesel-is-coming Green noted that both the US and Iran are fighting to control the Strait and to implement tolls. Tax CASP 2026: Government Prepares Tax Cuts. Find Out Which Sectors Will Be Covered News Aggregation Team Wednesday, July 15, 2026 1:00 am https://africa.managersofwealth.com/article/42848/casp-2026-government-prepares-tax-cuts-find-out-which-sectors-will-be-covered The minister explained that the ongoing reforms aim to create a more favorable business environment and make the agricultural sector more attractive to private investment. Tax SARS nails taxpayer for R62 million VAT fraud News Aggregation Team Tuesday, July 14, 2026 1:00 am https://africa.managersofwealth.com/article/42840/sars-nails-taxpayer-for-r62-million-vat-fraud The sentencing is an outcome that the South African Revenue Service (SARS) has warned awaits those who seek to defraud the country. Tax Important information for anyone who was auto-assessed by SARS in South Africa News Aggregation Team Monday, July 13, 2026 1:00 am https://africa.managersofwealth.com/article/42829/important-information-for-anyone-who-was-auto-assessed-by-sars-in-south-africa From 13 July, taxpayers who were auto-assessed can amend their returns, and tax experts warn that one of the easiest mistakes to overlook could cost them valuable deductions. Tax Industry push forces Sars to scrap premature trust penalties News Aggregation Team Wednesday, July 08, 2026 1:00 am https://africa.managersofwealth.com/article/42806/industry-push-forces-sars-to-scrap-premature-trust-penalties But trust penalties remain, and new letters of final demand are on their way. Tax 7 companies collect a R40 billion ‘paycheque’ every year from taxpayers in South Africa News Aggregation Team Wednesday, July 08, 2026 1:00 am https://africa.managersofwealth.com/article/42808/7-companies-collect-a-r40-billion-amplsquopaychequeamprsquo-every-year-from-taxpayers-in-south-africa South Africa’s automotive incentives are provided through the Automotive Production and Development Programme (APDP2), which supports large-scale vehicle manufacturing and exports. Tax Allan Gray sends auto-assessment warning to taxpayers in South Africa News Aggregation Team Wednesday, July 08, 2026 1:00 am https://africa.managersofwealth.com/article/42809/allan-gray-sends-auto-assessment-warning-to-taxpayers-in-south-africa Taxpayers selected for autoassessment will receive an assessment directly from SARS without having to submit a return upfront. Tax A solid outing for VAT receipts in Q1 News Team Wednesday, July 08, 2026 1:00 am https://africa.managersofwealth.com/article/42811/a-solid-outing-for-vat-receipts-in-q1 This surge likely reflects improved compliance and stronger enforcement among multinational firms Tax How to legally pay less tax in South Africa News Aggregation Team Tuesday, July 07, 2026 1:00 am https://africa.managersofwealth.com/article/42800/how-to-legally-pay-less-tax-in-south-africa The key is understanding what can be claimed and keeping accurate records throughout the year. Tax Taxpayers in South Africa warned to check their banking details before next week News Aggregation Team Monday, June 29, 2026 1:00 am https://africa.managersofwealth.com/article/42752/taxpayers-in-south-africa-warned-to-check-their-banking-details-before-next-week SARS commissioner Johnstone Makhubu noted earlier this month that the revenue service is expecting to issue in excess of 6 million auto assessments in 2026. Tax Hope for interest rates in South Africa News Aggregation Team Monday, July 20, 2026 1:00 am https://africa.managersofwealth.com/article/42868/hope-for-interest-rates-in-south-africa Inflation in South Africa has skyrocketed following the US’s war with Iran, with the ceasefire failing to hold. Regulation,Tax & Compliance SEC targets near-zero trade fail rate under T+1 settlement in H2 2026 News Aggregation Team Monday, July 20, 2026 1:00 am https://africa.managersofwealth.com/article/42870/sec-targets-near-zero-trade-fail-rate-under-t1-settlement-in-h2-2026 Director-General of the SEC, Dr. Emomotimi Agama, disclosed this in a statement made available to the News Agency of Nigeria (NAN) on Sunday. Regulation,Tax & Compliance UK to Cut Bilateral Aid to Mozambique by 90% by 2029 News Aggregation Team Monday, July 20, 2026 1:00 am https://africa.managersofwealth.com/article/42872/uk-to-cut-bilateral-aid-to-mozambique-by-90-by-2029 The reduction is part of a broader UK strategy to gradually lower official development assistance to the equivalent of 0.3% of Gross National Income by 2027, following the government’s decision to redirect greater resources toward defence expenditur Regulation,Tax & Compliance Central bank replaces lending cap with targeted reserve policy News Aggregation Team Monday, July 20, 2026 1:00 am https://africa.managersofwealth.com/article/42873/central-bank-replaces-lending-cap-with-targeted-reserve-policy The central bank is replacing the quantitative lending restriction with a targeted reserve requirement framework. Regulation,Tax & Compliance New rules for foreigners buying property in South Africa News Aggregation Team Thursday, July 16, 2026 1:00 am https://africa.managersofwealth.com/article/42853/new-rules-for-foreigners-buying-property-in-south-africa Foreign buyers are increasingly buying property in South Africa, especially in the luxury and ultra-luxury segments. Regulation,Tax & Compliance FAAC distributes N2.55 trillion as June gross revenue rises 32.6% to N4.5 trillion News Aggregation Team Thursday, July 16, 2026 1:00 am https://africa.managersofwealth.com/article/42854/faac-distributes-n255-trillion-as-june-gross-revenue-rises-326-to-n45-trillion The distributable revenue comprised N1.809 trillion from statutory revenue and N740.724 billion from Value Added Tax (VAT), representing the two major revenue streams shared among the three tiers of government. Regulation,Tax & Compliance CBN repays N2.97 trillion OMO bills after N2.5 trillion auctions on Monday News Aggregation Team Wednesday, July 15, 2026 1:00 am https://africa.managersofwealth.com/article/42847/cbn-repays-n297-trillion-omo-bills-after-n25-trillion-auctions-on-monday …Investors pour N2.55trn in bids on Strong Demand for 127-Day Paper despite moderating yields Regulation,Tax & Compliance New eviction laws coming to South Africa – with a R2 million fine or jail time on the table News Aggregation Team Wednesday, July 15, 2026 1:00 am https://africa.managersofwealth.com/article/42849/new-eviction-laws-coming-to-south-africa-ampndash-with-a-r2-million-fine-or-jail-time-on-the-table Courts are being required to look beyond ownership and consider the broader context Regulation,Tax & Compliance Nigeria’s overnight funding market hits N97.45 trillion in June, highest since launch News Aggregation Team Tuesday, July 14, 2026 1:00 am https://africa.managersofwealth.com/article/42838/nigeriaamprsquos-overnight-funding-market-hits-n9745-trillion-in-june-highest-since-launch ...Average daily market activity rises 10.9% as benchmark overnight funding rate holds steady at 22% Regulation,Tax & Compliance Warning to South Africans with retirement funds News Aggregation Team Monday, July 13, 2026 1:00 am https://africa.managersofwealth.com/article/42830/warning-to-south-africans-with-retirement-funds This is at the upper end of the Reserve Bank’s new tolerance band, which allows for swings of one percentage point around the 3% target. Regulation,Tax & Compliance World Bank drops climate funding target, raising fears for Africa News Aggregation Team Friday, July 03, 2026 1:00 am https://africa.managersofwealth.com/article/42783/world-bank-drops-climate-funding-target-raising-fears-for-africa The World Bank has abandoned its target of directing 45 percent of its financing to projects that help tackle climate change, prompting warnings that poorer countries – especially in Africa – could receive less support to adapt to a warming wo ESG UBA mobilises employees for pan-African environmental clean-up News Aggregation Team Monday, June 29, 2026 1:00 am https://africa.managersofwealth.com/article/42746/uba-mobilises-employees-for-pan-african-environmental-clean-up It said the clean-up exercise was conducted simultaneously in cities including Lagos, Accra, Nairobi and Dakar as part of the bank’s environmental sustainability initiatives. ESG Absa named green financial institution of the year News Aggregation Team Friday, June 26, 2026 1:00 am https://africa.managersofwealth.com/article/42738/absa-named-green-financial-institution-of-the-year NEMA recognised Absa for its contribution to sustainable financing and environmental protection. ESG Union Bank pushes collaboration on climate action News Aggregation Team Friday, June 26, 2026 1:00 am https://africa.managersofwealth.com/article/42741/union-bank-pushes-collaboration-on-climate-action The bank, in partnership with the Nigerian Conservation Foundation, made the call during a symposium to commemorate the 2026 World Environment Day at the Lekki Conservation Centre in Lagos. ESG Nigerian Banks and ESG: Between Optics and Practice 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 BOI bags global award for sustainable finance 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 SMEs must embrace ESG to compete globally — UBA Ghana CEO 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 Lagos pushes monetisation of climate, sustainability initiatives 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 Transition finance – Unlocking decarbonisation in South Africa’s most important sectors 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 Insurance Industry Urged to Prioritise ESG to Sustain Businesses 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