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Industry News

03 Nov 2017

Satrix appoints new CIO

Satrix is pleased to announce the appointment of Kingsley Williams as Chief Investment Officer from 1 November 2017. Williams, previously CIO of Indexation at Old Mutual Customised Solutions, boasts an extensive track record (nearly 20 years) covering indexation, portfolio management, quantitative research, product development and information technology. He holds an MBA in Finance from Wits...
03 Nov 2017

PSG CFP wins at FPI

PSG Wealth is pleased to announce that Simone Sharman, adviser at PSG Wealth Faerie Glen Stockbroking and Financial Planning has won the top student award for the CFP® Professional Competency Examination (board examination). The award was presented at the FPI Gala Dinner in Cape Town last month.
03 Nov 2017

WIPHOLD shareholding makes Sasfin one of the most empowered banks in SA

Sasfin Holdings Limited (Sasfin) is pleased to announce that Women Investment Portfolio Holdings Limited (WIPHOLD) is now a significant and credible shareholder of reference in Sasfin, holding 25.1% of Sasfin’s shares in issue.
02 Nov 2017

15 Minutes with SIM’s Fred and Patrice

According to Morningstar, both the Sanlam Investment Management (SIM) Balanced and the SIM Top Choice Equity Funds have comfortably beaten their peer median over three and five years to 30 September 2017. Fred White, portfolio manager of the SIM Balanced Fund, and Patrice Rassou, at the helm of the SIM Top Choice Equity Fund, were...
02 Nov 2017

SYGNIA 4th Industrial revolution Global Equity Fund delivers 41.81% return

The Sygnia 4th Industrial Revolution Global Equity Fund recently celebrated its one year anniversary by giving investors a Rand return of 41.81% after fees. That is 13.38% higher than the return of the S&P 500 Index over the same period (until 31 October 2017).
02 Nov 2017

ABSIP Punts Transformation, Honours Black Excellence In The Financial Services Sector

At the end of a conference charting economic transformation in the financial services sector, the Association of Black Securities and Investment Professionals (ABSIP) recognised men and women who excelled in the financial services sector in 2017. “The awards recipients are representative of our key focus areas and theme of this year’s conference Towards a Transformed,...
02 Nov 2017

2017: SME employment pressure rising

According to the National Development plan, the SME community is expected to provide 90% of new employment opportunities by 2030. This makes SMEs the driving force behind South Africa’s economy, placing even greater pressure and expectation on a sector that already lacks support and funding. Evidence of this was abundant in the 2017 National Small...
02 Nov 2017

Stay safe when shopping online

Online retail is a huge business today, with an increasing number of consumers across the world turning to the Internet to buy products and services. There are several reasons for this, but the obvious ones are convenience, affordability and range of choice that physical retailers cannot hope to match.
01 Nov 2017

Nedbank’s parent to reduce stake from 54% to 19.9% as part of Managed Separation

JSE-listed Nedbank Group Ltd announced today that its parent company, Old Mutual plc, would maintain a strategic investment of 19.9% in Nedbank Group to underpin ongoing commercial relationships between the two companies after completion of the Old Mutual Managed Separation. Old Mutual (OM) plc, the London-listed entity, reported on 11 March 2016 that it would...
01 Nov 2017

National Treasury shows some flexibility on share buy-back rules

  By Joon Chong (Partner) and Wesley Grimm (Candidate Attorney) of Webber Wentzel. The Taxation Laws Amendment Bill (TLAB), released on 25 October 2017, proposes measures intended to target certain share buy-back and dividend stripping arrangements. Exempt dividends which are “extraordinary dividends” received or accrued (i) 18 months prior to a disposal of shares; or...

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