Progress in plan for R10-trillion in offshore assets to be managed from SA
The South African Reserve Bank has taken forward the plan to introduce a synthetic financial centre (SFC) as part of reforms the JSE says could see the country repatriate up to R10-trillion in offshore assets, potentially transforming domestic capital markets
Largest US bank with $5 trillion in assets targets Africa’s third-largest economy with new merchant bank
US banking giant JPMorgan plans to launch a merchant bank in Nigeria before the end of 2026, expanding its presence in Africa’s third-largest economy by projected nominal GDP as the country seeks to attract international investment and deepen its financial markets
PIC assets fall R300bn after nearing R4trn mark before Middle East war – Businessday NG
The Public Investment Corporation’s assets under management came close to R4 trillion in February before the Middle East conflict triggered a sharp sell-off in global markets, wiping more than R300 billion ($18.13 billion) from its portfolio in a month
Africa’s largest insurer by assets returns to Zimbabwe market after six years
Old Mutual shares opened at 76 US cents on the VFEX before rising 2.9% to 78.17 cents by the close. The debut valued the insurer, Africa’s largest by assets, at about $51 million on the exchange
NRS Issues Guidelines for Virtual Assets – MSME Africa
The Nigeria Revenue Service (NRS) has introduced new guidelines for the taxation of virtual assets, establishing a regulatory framework for cryptocurrency and other digital asset transactions in Nigeria