Africa
Third finance minister in five days lifts SA focused financials
South African President, Jacob Zuma’s decision on Sunday to name the country’s third finance minister in five days, saw the country’s currency and Johannesburg and London-listed financial stocks rebound sharply in early trade on Monday.
Schroders launches European real estate fund
Schroder Real Estate has launched a European real estate investment trust that will be listed on the LSE and the Johannesburg Stock Exchange (JSE).
Ashburton Investments acquires Atlantic Asset Management
South African investment firm Ashburton Investments will acquire 100% of Atlantic Asset Management, a boutique fixed income asset manager based in Cape Town, for an undisclosed sum.
Business strategies: Smartening up your act
With the introduction of South Africa’s RDR fast approaching there are a number of vital issues firms should address, says Brian Foster, founder of Brian Foster Coaching & Consulting, in part one of a series of three articles.
Sanlam and Santam buy stake in Morocco-based Saham
Sanlam and its short term insurance subsidiary Santam are set to enter new markets having reached an agreement to acquire a 30% stake in Morocco-based Saham Finances, which operates in 26 countries predominantly across Africa and with a presence in the Middle East.