Denmark’s Jyske Bank joins Futuregrowth in ‘pulling plug’ on Eskom

Denmark’s Jyske Bank became the second money manager to say it won’t lend to Eskom after the nation’s biggest specialist fixed-income manager said it had stopped extending credit to state-owned companies amid concern about their governance. “We pulled the plug on Eskom too yesterday,” Rune Hejrskov, senior money manager at the Silkeborg, Denmark-based company said [...]

2017-10-17T15:54:46+00:00September 1st, 2016|

FSC BBBEE Voluntary Dispensation For TOP 100 Retriement Funds Including Umbrella Funds

BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT SECTION 9 (1) CODES OF GOOD PRACTICE AS AMENDED SCHEDULE 1 VOLUNTARY DISPENSATION FOR TOP 100 RETIREMENT FUNDS INCLUDING UMBRELLA FUNDS 1. Introduction Many aspects of South Africa’s B-BBEE dispensation are not relevant to retirement funds. However, funds play a critical role in the South African economy by virtue of [...]

2017-10-17T16:57:47+00:00August 23rd, 2016|

Neglecting black investors puts Cyril Ramaphosa under fire

State accused of ignoring black investment professionals, specifically when delegation was sent to convince ratings agencies SA was sound Deputy President Cyril Ramaphosa was criticised this week by black investment professionals, who accused government of neglecting them. Read more on News 24 ...

2018-05-18T09:23:34+00:00August 7th, 2016|

Fear&Greed Index (Institute of Retirement Funds)

Investors and investment professionals at some stage or another have searched for and dreamt many a night of finding the ‘holy-grail’ indicator to time market tops and bottoms. Many criteria have been used, and some have brought hope while others have proven to be less reliable. Of various attempts to foretell market trends, some have stood out and raised [...]

2017-10-17T17:03:30+00:00August 1st, 2016|

IRFA Conference FSC BBBEE Voluntary Dispensation For Top 100 Retirement Funds Including Umbrella Funds

Why Transformation to a Normal and Equal Society? Now 91% of population can compete Most Olympic medals since 1952 Poverty eradication & equal society Jobs, skills development, economic growth Advance in sports, medicine, technology, entertainment, renewable energy etc. Sustainable society for future generations Investment Industry Black Managed & Owned Investment Management Firms: Manage 4.4% of [...]

2017-10-17T17:01:06+00:00August 1st, 2016|

Sovereign hits high after offer by Country Bird

SHARES in poultry group Sovereign Food Investments perched close to a 12-month high on Thursday, after larger rival Country Bird Holdings tabled a buy-out offer at 900c/share. At the close of trade Sovereign’s shares were up 16.55% to 838c — close to the 880c annual high recorded in October last year. Country Bird already owns [...]

2017-10-17T16:06:08+00:00July 8th, 2016|

Finweek Backing Well Known Names

The fund aims to protect at least 90% of investors’ capital on an ongoing basis and is regulation 28-compliant. The fund targets the growth of underlying capital and achieving increased income returns. The fund is optimistic about the growth prospects of multinational media company Naspers*, according to Asief Mohamed, manager of the fund and director of [...]

2017-10-17T16:56:11+00:00June 23rd, 2016|

More twists than the Sani Pass

I’m all for shareholder activism. Too often management whose interests are not aligned with shareholders’ ride roughshod over the rights of shareholders. For this reason the efforts of shareholder activists like Theo Botha, Chris Logan and Albie Cilliers must be applauded. It is horrifically difficult to take a stand as a small shareholder and see [...]

2017-10-17T16:13:57+00:00April 6th, 2016|

Prudential open to Sovereign offers

PRUDENTIAL Investment Managers, the largest shareholder in Sovereign Foods, with a 22.3% stake, says it is "not wedded" to its Sovereign investment, and would consider any fair offer for the shares. In a veiled reference to recent attempts by Country Bird Holdings executive director Kevin James to persuade some of Sovereign’s institutional shareholders to sell, [...]

2017-10-17T16:11:51+00:00April 1st, 2016|