On 14 September 2021, Just Share and Aeon Investment Management co-filed a non-binding, advisory shareholder resolution at Sasol Limited, for tabling at its 19 November AGM. The resolution asks Sasol to improve and expand its disclosure of its direct and indirect climate lobbying, including disclosing the annual membership fees paid to industry associations which are involved in [...]
Background to collective engagement We, the undersigned co-signatories, are a group of 36 asset managers and investors, who collectivelyrepresent total assets under our management of more than ZAR 3,6 trillion. The investor groupingincluded here represents clients who are Prosus (PRX) shareholders; Naspers (NPN) shareholders;shareholders in both entities, and potential shareholders. We have noted the PRX voluntary shareexchange offer for NPN [...]
The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial services business with a group of individuals that are impersonating the Aeon Investment Management (Pty) Ltd (Aeon Investment Management) brand to defraud unsuspecting investors. These individuals target their victims through the WhatsApp messaging platform, and falsely represent themselves as employees of Aeon [...]
Asset managers with interests in Standard Bank and shareholder activist group, Just Share, have taken the financial institution to task over its climate change commitments ahead of its Annual General Meeting on 27 May. Aeon Investment Management, Abax Investments, Visio Fund Management and Just Share have filed a non-binding advisory shareholder resolution to the bank [...]
It has been brought to our attention that Aeon Investment Management’s Name, Branding and FSP details have been fraudulently used to sell fake investment products/investment schemes to unsuspecting consumers on various social media platforms. Please note that Aeon Investment Management does not conduct business on social media platforms, and this includes WhatsApp, Facebook, Twitter, or [...]
After three decades behind the scenes, Stehan Grobler is now in the spotlight. Having met former Steinhoff International Chief Executive Officer Markus Jooste three decades ago, 59-year-old Grobler went on to serve as a long-standing executive while the retailer expanded across the world. But when an accounting scandal erupted at the South African company in [...]
For the first time media and internet group Naspers has separately disclosed the voting details of its listed N shares, revealing the extent of opposition to its remuneration policy and other governance issues. The results showed that 57% of N shareholders opposed the group’s remuneration policy at Friday’s unprecedented three-hour long annual general meeting (AGM), [...]
Blue Label Telecoms’ joint chief executives hit out at the lukewarm market reception of its multibillion-rand investment in Cell C as the group’s share price extended its freefall. The group’s stock yesterday plunged 11.04 per cent to R6.85, following a fall of 8 per cent on Tuesday on the back of interim results published by [...]
MTN plunged nearly 8 percent on Wednesday as its high debt and offshore woes rattled the markets, despite the group increasing its subscriber base by 6 million heads in the six months ended June. The group’s net debt increased to R69.8 billion in the period under review, compared with R57.1bn at the end of last [...]
Investors ploughed R26 billion in net inflows to the local Collective Investment Schemes (CIS) industry in the second quarter of the year, with the combined value of assets in the sector racing towards R2.5 trillion at the end of June. The CIS industry statistics for the quarter ended June yesterday showed that the growth net inflows [...]
