2017 has been filled with breaking stories, from company scandals to rand downgrades and cabinet reshuffles in Parliament. We take a look at the top Business Report stories this year that has made the cut onto the top 20 list. Aeon Investment Management Chief Investment Officer, Asief Mohamed contributed a few comments. Read this article [...]
The market focus in ANC’s elective conference has shifted to policy positions to be adopted by the party after the rand went gung-ho in the lead up to and after the victory of Cyril Ramaphosa as the ruling party’s president. The local currency raced to R12.60 against the dollar after the top six officials were [...]
Embattled Steinhoff’s woes deepened on Friday when Moody’s Investor Service hit out at its board and slashed the group’s credit rating by four notches to junk. The group’s ratings were also put under review for further downgrade. Moody’s said its decision reflects the uncertainties and implications for the company’s liquidity and debt capital structure arising [...]
This article by Ann Crotty on the Woolworths Annual General Meeting is worth a read. Including the comments by Aeon Investment Management. Woolworths chairman Simon Susman told shareholders at Tuesday’s annual general meeting that the board was confident of the group’s Australian strategy. "We believe in the strategy and we believe in Ian [Moir, the [...]
The final version of the Financial Sector Code has been gazetted and was at the government printer on Tuesday with a crucial omission: a mandatory scorecard for retirement funds that would have seen more black principal officers and trustees managing more than R4-trillion in investable assets. The scorecard was withdrawn during negotiations due to concerns [...]
Mr Price was worried about political outcomes in South Africa and dreaded the potential downgrading of the country's sovereign credit rating by Moody’s Investor Services and S&P Global Ratings on Friday, the retailer said yesterday. Stuart Bird, the chief executive of Mr Price, said he was pleased the company posted robust results in the six [...]
This week will be laden with economic data, none of which will eclipse Friday’s credit update assessment from S&P Global Ratings and Moody’s Investor Services, which are both expected to release their year-end credit reviews on South Africa. The fears in the markets, which became more pronounced after last month’s underwhelming medium-term budget policy statement, [...]
Asief Mohamed, Chief Investment Officer at Aeon Investment Management, was asked to comment by journalist Kabelo Khumalo on the banking license Discovery was recently granted by the Registrar of Banks. Discovery inched a step closer to running a fully fledged retail bank on Monday after the Registrar of Banks granted the group a banking licence. [...]
Aeon Investment Management as a shareholder in PPC was highly interested in the offers by three potential buyers in the cement maker company. The outlook presented to the shareholders by PPC management on its improved liquidity was a welcome announcement. This article by Karl Gernetzky is worth a look. Cement maker PPC presented its outlook to [...]
South Africa has issues to address around transformation and economic empowerment for it to create a more normal and equal society. Therefore it is important to keep abreast on the latest news from different corners. In this article we gain insight on a measurement of transformation in the financial sector especially in the asset management [...]
