PPC hopes for new merger proposal with AfriSam

Business is all about making decisions that propel the venture into the future. In this article, we have a read about the possible PPC merger deal with AfriSam. Cement maker PPC is hoping to have a new merger proposal from AfriSam by the beginning of September, with the latest termination of merger talks sending PPC’s [...]

2018-05-18T09:16:49+02:00August 25th, 2017|

Not even 15% of analysts at stockbrokers are black

Transformation of the highly concentrated stockbroking sector is proceeding at a snail’s pace, with black stockbrokers involved in less than 2% of the value traded on the Johannesburg Securities Exchange. With 80% of the brokerage on the exchange being handled by only 10 of the 55 members of the JSE, little of the cake remains [...]

2017-08-17T10:27:21+02:00July 27th, 2017|

Planning for the future needs robust stakeholder participation

The Institute of Retirement Funds Africa (IRFA) put forward four questions to industry role players for its Analysis — Social Security and South Africa’s Retirement Funding Sector to provide in-depth consideration on the likely impact of government’s proposed social security reforms on South Africa’s retirement funding sector and present readers with a range of opinion. [...]

2017-08-17T11:12:28+02:00July 7th, 2017|

Watchdog probes Aspen for cancer drug pricing

Africa’s biggest generic drug maker Aspen Pharmacare, already under investigation by European authorities over the price of its cancer drugs, is now under similar scrutiny from SA’s Competition Commission. On Tuesday, the commission announced it was investigating Aspen and multinational pharmaceutical manufacturers Roche and Pfizer for suspected excessive pricing of their cancer drugs. If the [...]

2017-08-17T11:11:13+02:00June 13th, 2017|

What is hurting miners’ outlook the most?

An oversupply in commodities and a strengthening rand makes it unlikely mining shares on the JSE will repeat 2016’s strong performance in 2017. Global commodity prices made a sharp correction from highs in February, led by iron ore tumbling from more than $94 per tonne to $50. It has now stabilised at about $60. "Investors [...]

2017-10-17T15:44:13+02:00June 6th, 2017|

The arduous task of investing responsibly

Putting South Africa’s asset managers to the test on their responsible investment claims. What started out as an exercise in mapping investment options became an unsolicited exercise in testing South Africa’s asset managers on their Responsible Investment claims and on their willingness to adequately and transparently answer the questions of a stakeholder interested in moving [...]

2017-10-17T15:46:33+02:00May 22nd, 2017|

SA’s Aspen accused of driving up drug prices in Europe

South African firm Aspen Pharmacare is claimed to have ‘plotted to destroy supplies of life-saving cancer medicines’ over a battle to drive up prices in Europe. The Daily Mail reports that Aspen is understood to have proposed the wastage during a row with the Spanish health service in 2014, while it is also said to have threatened to stop supplying medicine to Italian authorities a year earlier. [...]

2017-10-17T15:50:05+02:00April 19th, 2017|

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+02:00September 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+02:00August 23rd, 2016|
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