Prinesha Naidoo

Africans with at least $50 million in investable assets are increasingly buying property for wealth preservation, diversification, and potential rental income, according to the continent’s biggest lender by assets.

Sales of high-end homes, commercial properties have surged.

Ultra-rich Africans piling into property to preserve wealth, Standard Bank says

Confidence in Cape Town is being written in its skyline.

Cape Town trounces Johannesburg in competition for investment

The conflict is putting billions of dollars in remittances at risk and testing a Gulf economic model built on foreign labor.

A protracted conflict in the Gulf is jeopardizing billions in remittances, vital for families across Asia and Africa. Migrant workers, like Steve Geoffrey supporting his Kenyan family, face job insecurity and rising costs. While some nations saw initial remittance surges, others report slowing growth and workers depleting savings. Economists predict regional growth slowdowns, highlighting the precarious economic model reliant on foreign labor.

South Africa will deploy more police this week to deter possible violence before a June 30 deadline set by xenophobic protest groups for foreigners to leave the country.

South Africa deploys police as anti-migrant deadline looms Vigilantes have in recent weeks carried out attacks on foreign nationals in

The Iran war has made it more difficult for workers to send cash home.