Managers of Wealth - Africa https://africa.managersofwealth.com/ Sun, 09 Aug 2026 15:55:12 BST part of MediaG8way Group https://africa.managersofwealth.com/ https://africa.managersofwealth.com/assets/images/logo.png Managers of Wealth - Africa KohanaPHP The Digital Elite: Why Absa Must Prove It Can Master Frictionless Banking to Keep StanChart’s Retail Legacy Alive News Aggregation Team Tuesday, July 28, 2026 1:00 am https://africa.managersofwealth.com/article/42921/the-digital-elite-why-absa-must-prove-it-can-master-frictionless-banking-to-keep-stanchartamprsquos-retail-legacy-alive On paper, absorbing thousands of affluent, high value accounts looks like an immediate win for Absa. Wealth and Asset Management 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 Safaricom Elevates Caroline Wambugu to Expanded Finance Leadership Role News Aggregation Team Friday, August 07, 2026 1:00 am https://africa.managersofwealth.com/article/42985/safaricom-elevates-caroline-wambugu-to-expanded-finance-leadership-role Safaricom has elevated Caroline Wambugu to Group Lead for Finance Controls, giving her sweeping oversight over treasury, tax, and statutory reporting. Executive Moves Bank of America names new investment banking leads for Africa, Benelux News Aggregation Team Thursday, August 06, 2026 1:00 am https://africa.managersofwealth.com/article/42983/bank-of-america-names-new-investment-banking-leads-for-africa-benelux The promotions reflect Bank of America’s sharpened focus on international growth, particularly in Africa Executive Moves Nedbank names Nikos Angelopoulos as new group CIO News Aggregation Team Wednesday, August 05, 2026 1:00 am https://africa.managersofwealth.com/article/42968/nedbank-names-nikos-angelopoulos-as-new-group-cio Angelopoulos succeeds Ray Naicker, who joined BSP Financial as group CIO earlier this year. Executive Moves South African crypto giant cutting 20% of jobs News Aggregation Team Wednesday, July 29, 2026 1:00 am https://africa.managersofwealth.com/article/42929/south-african-crypto-giant-cutting-20-of-jobs Prices of Bitcoin, Ethereum, Solana, and other crypto tokens have fallen during the year, adding to the volatility in retail crypto trading. Executive Moves T. Rowe Price appoints Andrew Brickman as head of ETF Solutions, EMEA News Aggregation Team Tuesday, July 28, 2026 1:00 am https://africa.managersofwealth.com/article/42919/t-rowe-price-appoints-andrew-brickman-as-head-of-etf-solutions-emea He will work across distribution, product, marketing, capital markets and investments to advance the firm’s ETF initiatives. Executive Moves Sanwo-Olu congratulates new NBA president News Aggregation Team Tuesday, July 28, 2026 1:00 am https://africa.managersofwealth.com/article/42924/sanwo-olu-congratulates-new-nba-president “Becoming only the second female president in the history of the NBA is no small feat and is a well-deserved milestone. Executive Moves Peter Obi asks Tinubu to resign, says he lacks capacity to lead Nigeria News Aggregation Team Monday, July 27, 2026 1:00 am https://africa.managersofwealth.com/article/42916/peter-obi-asks-tinubu-to-resign-says-he-lacks-capacity-to-lead-nigeria Obi made the remarks during an interview with Channels Television on Sunday, where he criticised the direction of the country under the current administration. Executive Moves MUFG EMEA appoints Rishi Nihalani as Head of Infrastructure, Structured Finance News Team Friday, July 24, 2026 1:00 am https://africa.managersofwealth.com/article/42906/mufg-emea-appoints-rishi-nihalani-as-head-of-infrastructure-structured-finance MUFG's EMEA Infrastructure team, a core part of MUFG's industry-leading global structured finance business, is an award-winning provider of project and debt finance solutions. Executive Moves Saloshni Pillay returns to Absa to lead Corporate and Investment Banking News Aggregation Team Friday, July 24, 2026 1:00 am https://africa.managersofwealth.com/article/42908/saloshni-pillay-returns-to-absa-to-lead-corporate-and-investment-banking Saloshni Pillay brings more than twenty-five years of experience in corporate and investment banking, with a career spanning global markets, investment banking, and risk solutions. Executive Moves Masondo out – deputy finance minister quits as PIC chair News Aggregation Team Friday, July 24, 2026 1:00 am https://africa.managersofwealth.com/article/42910/masondo-out-ampndash-deputy-finance-minister-quits-as-pic-chair Walks just days before a board meeting at which he and other directors faced possible removal. 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 Stables and access bank south africa explore new cross-border payment infrastructure News Aggregation Team Thursday, August 06, 2026 1:00 am https://africa.managersofwealth.com/article/42975/stables-and-access-bank-south-africa-explore-new-cross-border-payment-infrastructure The two organizations will evaluate payment and settlement solutions, with any products subject to regulatory approval. FinTech Finnovex South Africa 2026 concludes with remarkable success News Aggregation Team Tuesday, August 04, 2026 1:00 am https://africa.managersofwealth.com/article/42967/finnovex-south-africa-2026-concludes-with-remarkable-success Finnovex South Africa 2026 concludes successfully, bringing together industry leaders to drive fintech innovation and financial transformation. FinTech Bank of Italy research suggests stablecoins aren't necessarily cheaper for remittances News Aggregation Team Monday, August 03, 2026 1:00 am https://africa.managersofwealth.com/article/42952/bank-of-italy-research-suggests-stablecoins-arenamp039t-necessarily-cheaper-for-remittances A mystery-shopping experiment found that exchange fees, foreign exchange spreads and banking rails mean stablecoin remittances are often no cheaper than traditional transfer means. FinTech CBN lists five strategies to drive next stage of fintech growth in Nigeria News Aggregation Team Monday, August 03, 2026 1:00 am https://africa.managersofwealth.com/article/42953/cbn-lists-five-strategies-to-drive-next-stage-of-fintech-growth-in-nigeria Cardoso, who was represented by Rakiya Yusuf, director, Payments System Supervision, added that Nigerians should be able to transact with confidence, including during periods of high demand. FinTech MTN Nigeria hits N1.09 trillion H1 2026 profit, up 75.4% News Aggregation Team Friday, July 31, 2026 1:00 am https://africa.managersofwealth.com/article/42951/mtn-nigeria-hits-n109-trillion-h1-2026-profit-up-754 Declares N26 interim dividend FinTech Fitch cautions about African bank growth News Aggregation Team Thursday, July 30, 2026 1:00 am https://africa.managersofwealth.com/article/42936/fitch-cautions-about-african-bank-growth Fitch said expanding in Africa could enhance South African banks’ earnings prospects in the longer term as developing a pan-African franchise would compensate for the local subdued credit growth. FinTech Absa Bank Kenya Automation Surge: $31M Tech Spend Drives 71% Process Automation News Aggregation Team Wednesday, July 29, 2026 1:00 am https://africa.managersofwealth.com/article/42928/absa-bank-kenya-automation-surge-31m-tech-spend-drives-71-process-automation The heavy automation drive reflects a broader structural shift in East Africa’s banking sector, where customer engagement has almost entirely migrated away from physical brick-and-mortar networks to digital and alternative self-service channels. FinTech Mozambique Approves IP Strategy to Study AI Patentability and Digital Rights News Aggregation Team Thursday, July 23, 2026 1:00 am https://africa.managersofwealth.com/article/42901/mozambique-approves-ip-strategy-to-study-ai-patentability-and-digital-rights In that context, the document sets as a target to ‘modernise the administration of IP rights through the use of ICT, including AI’, as well as to ‘digitalise all IP rights administration procedures’. FinTech Top 10 bank apps in Nigeria by downloads in July 2026 News Aggregation Team Wednesday, July 22, 2026 1:00 am https://africa.managersofwealth.com/article/42885/top-10-bank-apps-in-nigeria-by-downloads-in-july-2026 This transformation has shifted the centre of everyday banking from physical branches to the screens in millions of Nigerians’ hands. FinTech eZi Remit collaborates with Mastercard to enhance cross-border payments and drive financial inclusion in South Africa News Aggregation Team Wednesday, July 22, 2026 1:00 am https://africa.managersofwealth.com/article/42886/ezi-remit-collaborates-with-mastercard-to-enhance-cross-border-payments-and-drive-financial-inclusion-in-south-africa Collaboration is designed to enable remittances from South Africa to 25 countries via Mastercard Move FinTech Banks increase credit supply as loan defaults decline in Q2 – CBN News Aggregation Team Friday, August 07, 2026 1:00 am https://africa.managersofwealth.com/article/42984/banks-increase-credit-supply-as-loan-defaults-decline-in-q2-ampndash-cbn The demand for corporate and secured loans increased during the period. Retail Banking Good news for Absa customers using a banking app in South Africa News Aggregation Team Friday, August 07, 2026 1:00 am https://africa.managersofwealth.com/article/42987/good-news-for-absa-customers-using-a-banking-app-in-south-africa The partnership will give Absa’s approximately 12 million-person client base access to direct investment tools on Absa’s personal banking app. Retail Banking BoG insist banks cut NPLs to 10% News Aggregation Team Friday, August 07, 2026 1:00 am https://africa.managersofwealth.com/article/42990/bog-insist-banks-cut-npls-to-10 Dr Johnson Pandit Asiama, BoG Governor, reiterated the directive at a high-level forum organised by the Chartered Institute of Restructuring and Insolvency Practitioners (CIRIP), Ghana, in Accra. Retail Banking New digital Smart ID rollout to reach 240 FNB branches News Team Thursday, August 06, 2026 1:00 am https://africa.managersofwealth.com/article/42977/new-digital-smart-id-rollout-to-reach-240-fnb-branches Since the new digital model was introduced earlier this year, FNB has issued more than 14,000 Smart ID cards, with the service now available at more than 51 branches across all nine provinces. Retail Banking Major bank shuts down ATMs and closes branches in South Africa News Aggregation Team Thursday, August 06, 2026 1:00 am https://africa.managersofwealth.com/article/42980/major-bank-shuts-down-atms-and-closes-branches-in-south-africa The bank’s interim results showed that its customers are adopting digital payment solutions Retail Banking Nedbank first-half profit edges higher News Aggregation Team Thursday, August 06, 2026 1:00 am https://africa.managersofwealth.com/article/42981/nedbank-first-half-profit-edges-higher Dividend trails estimate. Retail Banking Atwima Mponua Bank posts GH¢26.2m profit in 2025 News Aggregation Team Wednesday, August 05, 2026 1:00 am https://africa.managersofwealth.com/article/42970/atwima-mponua-bank-posts-ghampcent262m-profit-in-2025 The figure represents a 76.22 per cent increase over the previous year’s profit of GH¢14.9 million. Retail Banking Stanbic Bank becomes first bank in Ghana to offer direct Chinese Yuan settlement via CIPS News Aggregation Team Wednesday, August 05, 2026 1:00 am https://africa.managersofwealth.com/article/42972/stanbic-bank-becomes-first-bank-in-ghana-to-offer-direct-chinese-yuan-settlement-via-cips Ghana is among six African markets selected for the rollout, reflecting the country's growing strategic importance in trade with China. Retail Banking Standard Bank lands R5.4bn African Development Bank investment for SMEs News Aggregation Team Tuesday, August 04, 2026 1:00 am https://africa.managersofwealth.com/article/42961/standard-bank-lands-r54bn-african-development-bank-investment-for-smes The investment is structured as a Flac instrument, a new class of debt introduced by the South African Reserve Bank in January 2026 as part of reforms to the country's banking resolution framework. Retail Banking Nedbank CEO has good news for South Africa News Aggregation Team Tuesday, August 04, 2026 1:00 am https://africa.managersofwealth.com/article/42964/nedbank-ceo-has-good-news-for-south-africa This led to inflationary pressures in South Africa and other markets, as well as a more hawkish monetary policy stance. Retail Banking GoTyme Bank named Africa’s Best Digital Bank by Euromoney News Aggregation Team Monday, August 03, 2026 1:00 am https://africa.managersofwealth.com/article/42954/gotyme-bank-named-africaamprsquos-best-digital-bank-by-euromoney The award acknowledges GoTyme Bank’s rapid growth through a unique banking model that combines digital convenience with a nationwide retail footprint. Investment 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 AfDB Invests US$332 Million in Standard Bank Social Bond News Aggregation Team Thursday, August 06, 2026 1:00 am https://africa.managersofwealth.com/article/42982/afdb-invests-us332-million-in-standard-bank-social-bond Together, the financing and technical assistance are intended to strengthen Standard Bank's capacity to increase lending to SMEs, including women-owned businesses. Alternative Investments South Africa chasing after private investors with new R8 billion plan News Aggregation Team Wednesday, August 05, 2026 1:00 am https://africa.managersofwealth.com/article/42969/south-africa-chasing-after-private-investors-with-new-r8-billion-plan That effort is underpinned by a shift toward investment in South Africa’s state budget. Alternative Investments PSCE recovery but outlook remains fragile News Team Wednesday, August 05, 2026 1:00 am https://africa.managersofwealth.com/article/42971/psce-recovery-but-outlook-remains-fragile The CBN’s data covers lending by the entire banking system and not only the deposit money banks (DMBs). Alternative Investments Manufacturing recovery faces headwinds News Team Wednesday, August 05, 2026 1:00 am https://africa.managersofwealth.com/article/42974/manufacturing-recovery-faces-headwinds Turning to Q1 '26 data, the sector posted a solid growth of 3.3% y/y, representing a notable improvement from 1.7% y/y a year earlier. Alternative Investments Nigerian tech entrepreneur Olugbenga Agboola's Flutterwave is acquiring an East African bank News Aggregation Team Tuesday, August 04, 2026 1:00 am https://africa.managersofwealth.com/article/42960/nigerian-tech-entrepreneur-olugbenga-agboolaamp039s-flutterwave-is-acquiring-an-east-african-bank Flutterwave is acquiring an undisclosed bank in East Africa as Olugbenga Agboola builds a banking arm around the company's payments business. Alternative Investments EBRD supports small businesses in Kenya News Aggregation Team Friday, July 31, 2026 1:00 am https://africa.managersofwealth.com/article/42946/ebrd-supports-small-businesses-in-kenya In addition, KCB Bank will receive technical assistance in the form of training, advisory support and technical expertise in order to strengthen its green lending capabilities. Alternative Investments Standard Bank named South Africa’s most valuable financial services brand as brand value rises to US$4.724 Billion News Aggregation Team Thursday, July 30, 2026 1:00 am https://africa.managersofwealth.com/article/42937/standard-bank-named-south-africaamprsquos-most-valuable-financial-services-brand-as-brand-value-rises-to-us4724-billion Standard Bank’s brand value increased by 54% to US$4.724 billion, from US$3.066 billion in the previous ranking in 2024, outpacing the 47% growth recorded by the Top 30 brands collectively. Alternative Investments South Africa’s largest asset manager under siege News Aggregation Team Wednesday, July 29, 2026 1:00 am https://africa.managersofwealth.com/article/42930/south-africaamprsquos-largest-asset-manager-under-siege Among the deliverables are “fostering psychological safety and trust, including facilitation of the employee-healing process” and the “facilitation of courageous conversations.” Alternative Investments The 76-year-old energy giant in South Africa that made R60 billion in six months News Aggregation Team Tuesday, July 28, 2026 1:00 am https://africa.managersofwealth.com/article/42922/the-76-year-old-energy-giant-in-south-africa-that-made-r60-billion-in-six-months The company has seen increased demand for its products in recent months due to international conflicts that threatened global fuel supplies. Alternative Investments Egypt tops Africa with $15.5bln in 2025 FDI as government readies new investment strategy News Aggregation Team Tuesday, July 28, 2026 1:00 am https://africa.managersofwealth.com/article/42927/egypt-tops-africa-with-155bln-in-2025-fdi-as-government-readies-new-investment-strategy Egypt's minister stated that the forthcoming FDI strategy focuses on eight sectors with high readiness to quickly attract investments Alternative Investments Mozambique Public Debt Reaches 74.7% of GDP in 2025 News Aggregation Team Friday, August 07, 2026 1:00 am https://africa.managersofwealth.com/article/42986/mozambique-public-debt-reaches-747-of-gdp-in-2025 The report attributes this deterioration to post-electoral shocks in 2024 and extreme weather events recorded in the first quarter, which prompted the government to revise its budget targets and financing strategy. Comment, Analysis & Research Mozambique Labour Exports Rise 32% in First Half of 2026 News Aggregation Team Thursday, August 06, 2026 1:00 am https://africa.managersofwealth.com/article/42978/mozambique-labour-exports-rise-32-in-first-half-of-2026 The 11,700 placements recorded in the first half of 2026 therefore mark a year-on-year increase of 32%, reflecting continued growth in the deployment of Mozambican workers to international markets. Comment, Analysis & Research Reserve accretion mitigates growing external liabilities News Team Wednesday, August 05, 2026 1:00 am https://africa.managersofwealth.com/article/42973/reserve-accretion-mitigates-growing-external-liabilities The increase reflects a rise in foreign claims on Nigerian assets relative to Nigerian-owned assets abroad. Comment, Analysis & Research Nice surprise could be coming for South Africa News Aggregation Team Tuesday, August 04, 2026 1:00 am https://africa.managersofwealth.com/article/42965/nice-surprise-could-be-coming-for-south-africa The figure, released this week, was well above the R345 billion achieved in the 2025-26 fiscal year and the 364 billion rand projected in the February 2026-27 budget. Comment, Analysis & Research Capitec sounds the alarm over R50.4 trillion gap in South Africa News Aggregation Team Monday, August 03, 2026 1:00 am https://africa.managersofwealth.com/article/42959/capitec-sounds-the-alarm-over-r504-trillion-gap-in-south-africa The average South African income earner has a shortfall of around R3.1 million in death and disability cover. Comment, Analysis & Research The 10 most expensive golden visas in the world News Aggregation Team Thursday, July 30, 2026 1:00 am https://africa.managersofwealth.com/article/42939/the-10-most-expensive-golden-visas-in-the-world Based on an analysis by BusinessDay from data from Henley & Partners, the country’s investment amount tops 47 other countries offering investment migration programs, with four African countries making it to the top ten such as Ethiopia, Mozambiq Comment, Analysis & Research Top 10 African countries with the highest interest rates in July 2026 News Aggregation Team Tuesday, July 28, 2026 1:00 am https://africa.managersofwealth.com/article/42926/top-10-african-countries-with-the-highest-interest-rates-in-july-2026 Fearing a massive wave of imported inflation, central banks across the continent have been forced to put their long-awaited rate cuts on ice. Comment, Analysis & Research Bad to worse for interest rates in South Africa News Aggregation Team Thursday, July 23, 2026 1:00 am https://africa.managersofwealth.com/article/42895/bad-to-worse-for-interest-rates-in-south-africa While a rise in inflation was expected, projections were lower after the inflation print in May surprised on the downside, coming in cooler than anticipated. Comment, Analysis & Research 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 New tax rules could hit Nigeria’s $92 billion digital asset market, coalition warns News Aggregation Team Friday, August 07, 2026 1:00 am https://africa.managersofwealth.com/article/42989/new-tax-rules-could-hit-nigeriaamprsquos-92-billion-digital-asset-market-coalition-warns The Coalition, an alliance representing digital asset participants and operators in Nigeria Tax New tax laws for medical aid credits, companies, and spousal donations in South Africa News Aggregation Team Friday, July 31, 2026 1:00 am https://africa.managersofwealth.com/article/42948/new-tax-laws-for-medical-aid-credits-companies-and-spousal-donations-in-south-africa These draft bills include the tax proposals outlined in the National Budget presented in February 2026. Tax Can I transfer part of my retirement savings to my spouse to reduce our tax burden? News Aggregation Team Friday, July 31, 2026 1:00 am https://africa.managersofwealth.com/article/42950/can-i-transfer-part-of-my-retirement-savings-to-my-spouse-to-reduce-our-tax-burden It depends on your and your wife's ages, income and financial circumstances. Tax Double-tax for wealthy foreigners in South Africa News Aggregation Team Monday, July 27, 2026 1:00 am https://africa.managersofwealth.com/article/42913/double-tax-for-wealthy-foreigners-in-south-africa Despite being a developing country, South Africa is a high-tax jurisdiction, with a top marginal personal income tax rate of 45%. Tax 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 Minimum R1.4 million salaries for managers in South Africa’s collapsing municipalities News Aggregation Team Friday, August 07, 2026 1:00 am https://africa.managersofwealth.com/article/42988/minimum-r14-million-salaries-for-managers-in-south-africaamprsquos-collapsing-municipalities These include a municipality’s total population, the income it produces, and its total equitable municipal share. Regulation,Tax & Compliance Nigerians panic as hackers attack Zenith Bank, steal customers’ information News Aggregation Team Thursday, August 06, 2026 1:00 am https://africa.managersofwealth.com/article/42976/nigerians-panic-as-hackers-attack-zenith-bank-steal-customersamprsquo-information The financial institution stressed that the incident involved only limited customer information, adding that its banking services and digital channels remain secure and fully operational. Regulation,Tax & Compliance Sarb governor outlines cautious stance on technological change News Aggregation Team Thursday, August 06, 2026 1:00 am https://africa.managersofwealth.com/article/42979/sarb-governor-outlines-cautious-stance-on-technological-change Kganyago sets out opportunities and risks of AI and stablecoins as Sarb marks 105th anniversary Regulation,Tax & Compliance We don’t have the power to lead African Bank: Kganyago News Aggregation Team Tuesday, August 04, 2026 1:00 am https://africa.managersofwealth.com/article/42962/we-donamprsquot-have-the-power-to-lead-african-bank-kganyago A banking consortium, which includes FirstRand, Standard Bank, Absa, Nedbank, Investec and Capitec, collectively holds the remaining 25%, while the iKamva Lethu Employee Trust Scheme owns 10% on behalf of permanent employees. Regulation,Tax & Compliance Make or break for the South African Reserve Bank News Aggregation Team Tuesday, August 04, 2026 1:00 am https://africa.managersofwealth.com/article/42963/make-or-break-for-the-south-african-reserve-bank The six-member MPC were split over the decision, with four calling for a hold and two calling for a 25 basis point hike. Regulation,Tax & Compliance Freezing of bank accounts linked to terrorism financiers News Aggregation Team Monday, August 03, 2026 1:00 am https://africa.managersofwealth.com/article/42957/freezing-of-bank-accounts-linked-to-terrorism-financiers The country has endured years of trauma and insecurity, which has rendered many persons homeless and quite a good number dead. Regulation,Tax & Compliance Big shift in expectations for interest rates in South Africa News Aggregation Team Monday, August 03, 2026 1:00 am https://africa.managersofwealth.com/article/42958/big-shift-in-expectations-for-interest-rates-in-south-africa The Reserve Bank’s decision to hold interest rates caught many economists by surprise, after many expected a hike in response to June’s inflation rate. Regulation,Tax & Compliance BdM Warns High Public Debt Continues to Distort Financial Markets News Aggregation Team Friday, July 31, 2026 1:00 am https://africa.managersofwealth.com/article/42945/bdm-warns-high-public-debt-continues-to-distort-financial-markets The central bank said these arrears are having an impact on ‘weak appetite for government securities Regulation,Tax & Compliance The ‘real’ value of the rand in 2026 News Aggregation Team Friday, July 31, 2026 1:00 am https://africa.managersofwealth.com/article/42949/the-amplsquorealamprsquo-value-of-the-rand-in-2026 This volatility can be seen over a longer period, as the rand was trading at close to R18 to the dollar one year ago. Regulation,Tax & Compliance Nigerian-owned Caribbean bank takes Zambia to court in $40 million fight over failed bank investment News Aggregation Team Thursday, July 30, 2026 1:00 am https://africa.managersofwealth.com/article/42938/nigerian-owned-caribbean-bank-takes-zambia-to-court-in-40-million-fight-over-failed-bank-investment The bank says it spent nearly two years trying to have the holding formally registered by regulators but never received recognition. Regulation,Tax & Compliance UBA Wins Nigeria’s Best ESG, Retail Bank Awards at 2026 Euromoney Awards News Aggregation Team Wednesday, July 29, 2026 1:00 am https://africa.managersofwealth.com/article/42934/uba-wins-nigeriaamprsquos-best-esg-retail-bank-awards-at-2026-euromoney-awards The double recognition underscores UBA’s leadership in driving sustainable finance while expanding access to innovative banking solutions for millions of customers across Africa. ESG 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