- published: 04 Dec 2014
- views: 1060
Ciaran Whelan, global head of private banking and Henry Blumenthal, head, Wealth & Investment, South Africa at Investec talk to Yuri Bender about developments in the South African market, branding and growth plans for the future. In 2014, Investec wo
Most of us aspire to have our own private banker. For years it was cheaper to bank with high-touch Investec. Any graduate with prospects was welcomed with open arms and got a better fee deal than the big four would give them. This is changing. In 2012 Investec's monthly banking charges were R295 now they are R400 -- a 35% increase. Tonight, Bruce Whitfield speaks to Ryan Tholet, South Africa head of Investec Private Banking about the private banking landscape and challenges.
Private banking in Africa is expected to grow at the rate of 7 per cent every year, driven by a rising number of high net worth individuals. According to the 2016 wealth report by Knight Frank, the class of super-rich will grow by 80 per cent by 2025 to fifteen thousand and three hundred individuals. CNBC Africa's Charles Gitonga spoke to Anjali Harkoo, Head of Wealth and Investment at Stanbic Bank on what this depicts of the economy.
(www.abndigital.com) Finance Minister Pravin Gordhan has unveiled legislation to curb the influence of a group of the Reserve Bank's private shareholders. They stand accused of threatening to undermine the Bank's independence and circumventing laws that limit them to holding 10 000 shares. For some reaction to yesterday's announcement I'm joined now in studio by shareholder Mario Pretorius, while Michael Duerr, also a shareholder, joins us on the line from his home in Schliersee, which is 60 km outside of the German city of Munich.
PBI editor Nicholas Moody speaks to Khalid Sattam,HSBC Private Bank's head of its investment advisory group for theMiddle East and North Africa, about winning Outstanding Private Bank Middle East,the region's intense competition and increasing demand for Islamic finance solutions. Interview held at the Private Banker International Awards 2010.
Of the $93 billion that Africa requires for infrastructure development every year, 43 billion comes from governments and international funding agents, according to the African Development Bank; and bridging a deficit of $50 billion calls for more efficient public private partnership frameworks. For more CNBC Africa filed this report.
Dino Voulakis, Senior Portfolio Manager of Investments at Nedbank Private Wealth, discusses the latest South African market trends including the issuing of dividends by MTN and the ratings agency outlook on SA Banks, one being BAGL.
http://www.weforum.org/ African frontier markets attract about 1% of global private equity flows. How can the region’s capital markets deepen and broaden? Dimensions to be addressed: - Integrating and harmonizing cross-border market regulation - Increasing long-term corporate and government bonds - Advancing initial public offering activity •Raymond McGuire, Head, Global Banking, Citi, USA. •Maria Ramos, Chief Executive Officer, Barclays Africa Group, South Africa; Global Agenda Council on Africa. •John Rwangombwa, Governor of the National Bank of Rwanda; Global Agenda Council on the Future of Banking. •Hendrik du Toit, Chief Executive Officer, Investec Asset Management, United Kingdom. Moderated by •Matina Stevis, Africa Business Correspondent, The Wall Street Journal.
Like anywhere else in the world, a vibrant private sector is essential to meet the needs and aspirations of people in the Middle East and North Africa. But what are the key growth drivers and constraints for companies in the region? To find an answer to this question, the European Bank for Reconstruction and Development, the European Investment Bank and the World Bank launched a survey among over 6,000 private firms in eight countries. “The EIB is really well placed to contribute to local market development and to offer an alternative for a more inclusive growth in the region,” says Debora Revoltella, Director, Economics Department, European Investment Bank. Find out why in this video. Visit our website: http://www.eib.org/economics Follow us on Facebook: https://www.facebook.com/Europea...
National Bank of Commerce (NBC) is a Superbrand. Subscribe to Superbrands TV today: YouTube: https://www.youtube.com/channel/UC8t0rxOZAT0JhFyLPTGHo6g?sub_confirmation=1 Facebook: https://www.facebook.com/superbrandstv Facebook (Superbrands Limited): https://www.facebook.com/superbrandsltd Instagram: https://www.instagram.com/superbrandsltd/ ------ NBC is a Superbrand. NBC is one of the oldest and largest commercial banks in Tanzania, with 52 branches in retail centres and major towns throughout the country, 250 ATM’s and over 500,000 clients. The NBC brand continued to grow as the bank expanded its footprint and branch network offering much needed financial services to its customers and Tanzanians at large. To complement the NBC branch network, NBC deployed over 240 EMV compliant...
(www.abndigital.com) With forecast GDP growth in emerging markets exceeding that of developed economies for some years to come, equity markets in these economies have reacted accordingly with the MSCI Emerging Market Index outperforming the overall MSCI Global Index. Now, South Africa has certainly participated in the global upswing, evidenced by a stronger rand and robust performance of the JSE. Paolo Senatore is Head of Portfolio Management at RMB Private Bank and he joins us now to unpack the merits.