Red Ribbon Asset Management Plc has managed to raise a total of Rs. 1 crore from only around 8-10 people – a mix of residents of the town and and non-resident Indians (NRIs) hailing from the place. While the amount is not huge when seen in isolation.
Liberty's half-year earnings were little improvement on the insurer's full-year results, when earnings nearly halved to R1.7bn. This came as asset manager Stanlib's business in the rest of Africa recorded losses and it experienced strain in the South.
South Africa's property and casualty insurers face an even tougher year than expected after Cape Town experienced its worst storm in 30 years and dozens of fires engulfed the region around the town of Knysna this week. The insurers, including Santam.
The average prices of property on the Atlantic Seaboard in Cape Town have more than doubled since 2012, and are up nearly sevenfold since 2001. And there's no sign of a slowdown, yet, with a “massive” and still accelerating growth of 22.9% in the.
When Izak Petersen, the CEO of JSE-listed property company Dipula Income Fund, ditched his high-flying asset management career to co-found investment house Mergence Africa Holdings in 2004, black economic empowerment (BEE) deals were all the rage.
Van der Merwe said Afda was rated the number one film school in Africa, with 2,000 students across campuses in Gauteng, Cape Town , Durban and Port Elizabeth. Afda launched a Bachelor of Commerce in Business Innovation, as well as a Bachelor of .
Part of the reason why tech is down today is the steam in the recent rotation out of some of big tech winners and into banks," said Michael Scanlon, portfolio manager at Manulife Asset Management in Boston."The catalyst for that rotation today is the.
“Nedbank's Africa strategy is the least attractive of the South African banks,” said Richard Hasson, a portfolio manager at Electus Fund Managers in Cape Town . “It has a large exposure to Ecobank, which is an asset it doesn't control or manage , and.
RYK VAN NIEKERK: Did you ever engage the senior management of KPMG internationally? MAGDA WIERZYCKA: Well, not internationally. My meeting was with the CEO of KPMG in South Africa. RYK VAN NIEKERK: Do you think other companies should .
Financial services group Old Mutual Plc said its asset management unit Old Mutual Asset Management Plc's (OMAM) public offering of 13 million shares was priced at $14.25 per share. Old Mutual said on Tuesday it would sell shares in OMAM through a .
fabio formaggio © 123RF.com Investment managers have a duty to act as stewards of investors’ assets. This includes being responsible about marketing ... success,” says Anet Ahern, CEO at PSG Asset Management. The current regulatory environment.
Tom Cruise Injured in 'Mission Impossible' Stunt TMZ.com.