Adelaide Changole

Nedbank Group Ltd. is setting out to reinvent itself across the African continent as it looks to reduce its dependence on South Africa and nearly quadruple its profit from other African markets over the next decade.

South Africans have withdrawn 49.6 billion rand ($2.8 billion) from retirement funds since new laws came into effect three months ago giving them early access to part of their savings.

South African asset manager Ninety One Ltd. has agreed to sell a stake to Sanlam Ltd., joining a raft of investment firms that have been tapping the deep pockets of insurers through such deals.

Investec will pay its highest interim dividend on record, after the bank’s profit advanced during the six months to Sept. 30.

African Bank Ltd., rescued by South Africa’s central bank a decade ago, delayed its planned listing in 2025 by three years as it’s yet to complete preparations to take the company public.

Standard Chartered Plc is exploring a potential sale of its wealth and retail banking businesses in a trio of African countries to free up cash that it will plow into other parts of the business.

Absa Group Ltd. plans to restructure its business once again as South Africa’s third-biggest bank by assets looks to unlock growth after years of missteps.

Rockefeller University’s $2.7 billion endowment is in the process of selling some private credit funds amid an uptick in investors clamoring for assets in the growing market.

O Tyme Group, um banco digital controlado pelo bilionário sul-africano Patrice Motsepe, levantou US$ 250 milhões em uma rodada de financiamento que o tornou um dos poucos unicórnios da África.

Tariffs proposed by US President Donald Trump will likely have an inflationary impact on South Africa, according to the chief executive officer of one of the country’s largest banks.