The Association of Professional Fund Investors has added lead members representing South African and US markets, a UK adviser, and is to create an advisory board, as it continues to build its membership and global presence representing the professional fund investor community. Riad Daniels has joined as Apfi lead, South Africa Chapter and Africa and Middle […]
South African asset manager Foord Asset Management has been authorised by the Swiss regulator Finma to distribute its mutual funds in Switzerland through its local branch Foord (Switzerland). The company established itself in Zurich in 2015 and is headed by Benjamin Hügli. Foord Asset Management runs several equity and multi-assets funds including the Foord International Fund, […]
Centaur Ventures, the mining and natural resources investment subsidiary of global investment firm Centaur Holdings, has reached a $100m deal revolving credit facility with a United Arab Emirates based private family office. The company said the funds will be used to expand the mining and natural resources projects of Centaur Mining predominantly in South Africa. Centaur’s mining […]
London headquartered Old Mutual has replied to press speculation after British media Sky News suggested the group is planning a break-up of its activities. Old Mutual, which is valued £9bn (€11.4bn), announced a strategic review in November 2015 when Bruce Hemphill joined as CEO. “We can confirm that all options for the strategic review are being […]
Ashburton Investments, the asset management business of FirstRand Group, is buying South African firm Atlantic Asset Management, including the Atlantic Specialised Finance division. Effective 1 January 2016, the deal will add to Ashburton’s existing fixed income business, adding Atlantic’s expertise in social impact investments. The Atlantic fund range will be rebranded and incorporated into Ashburton […]
Dubbed the “Rainbow Nation” after the end of apartheid in 1994, South Africa had much to be hopeful about. In 2010, it achieved heightened recognition among investors when it became the fifth member of the “BRICS” grouping of emerging market economies, along with Brazil, Russia, India and China. While its economy and demographics differ from […]
Jorry Rask Nøddekær (pictured), manager of the Nordea 1 – Emerging Stars Equity Fund comments on the outlook for emerging market equities. Not all emerging markets are created equal. The fundamental differences between many of the different regions in the emerging market universe are stark, underlining the importance of taking an active investment approach in […]
JTC has announced the completion of its acquisition of Kleinwort Benson’s Fund Administration business, which will add to its own operations in the Channel Islands, as well as provide presence in South Africa. JTC assets under administration will rise to $56bn following the deal, and enable it to provide further services in areas such as […]
JTC, the provider of fund services with over $40bn of assets under administration, is buying Kleinwort Benson’s funds administration business based in the Channel Islands and South Africa. The deal covers KB’s business in Guernsey, Jersey, while it will facilitate JTC’s access to its first permanent presence in South Africa. JTC’s global headcount will increase […]
South Africa’s stock market, long dominated by powerful mining companies, is acquiring greater depth and breadth as flourishing sectors such as retail, tourism and hospitality, and financial services attract a new wave of domestic and international investment. Previous negative perceptions of the JSE (Johannesburg Securities Exchange) have been associated with the market’s dominant mining stocks […]
Over – an IOS app that allows users to add artistic text and artwork to user- generated photos – has won the award for World’s Best Start-Up at U-Start conference held in Milan – 2014.
South Africa’s National Election was held on Wednesday 7 May 2014, with an impressive voter turnout of 73.4% although this was down from 77.3% in the 2009 National Election.