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 [...]
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 [...]
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 [...]
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 [...]
South African banks face another wasted year for earnings growth as the euphoria that greeted Cyril Ramaphosa’s ascendancy to the presidency fades with the reality of the challenges facing the economy. The country’s largest lenders start reporting first-half results from next week against the backdrop of tax hikes, record gasoline prices, stubbornly high unemployment and [...]
Naspers has denied that its CEO Bob van Dijk reportedly earned R1.6bn in the year ended March 31, 2018, saying that he has not yet cashed in his share options. According to Naspers' remuneration report, Van Dijk earned $2.4m (about R32m) in cash in the year ended March 31. This includes a salary of $1.332m [...]
In this article by Ann Crotty in the Business Day, we read about the remuneration package that Naspers CEO Bob van Dijk collected during the financial year. Aeon Investment Management, Asief Mohamed comments on shareholder efforts to vote against this type of remuneration policies by the board of Naspers. Read this important article here
The Absa Group, formerly Barclays Africa, on Wednesday admitted to making mistakes in its retail banking business (RBB) that saw it lose market share. The admission came as the group rebranded its identity following its separation from Barclays plc, with Absa now aiming to unleash its digital strategy as it goes full throttle to claw back [...]
The SA Reserve Bank (Sarb) on Monday washed its hands of municipalities who deposited millions in embattled VBS Mutual Bank as Nedbank stepped in to facilitate payouts to other depositors. The central bank said its deal with Nedbank covered 97 percent of depositors and that the municipalities would have to wait to see if there [...]
