Africa
Asset management chiefs share six industry concerns for 2018
The asset and wealth management industry is about to usher in a period of disruption, with cyber security threats a big concern, chief executives across the sector have warned.
Old Mutual hit with US lawsuit
South Africa-headquartered Old Mutual has confirmed it is facing a legal claim related to “pre-existing plc head office legacy items relating to previously disposed US assets”.
Sanlam to take over Moroccan insurer in $1bn deal
Sanlam will take full control of Morocco’s Saham Finances for $1.05bn, and is actively looking for other acquisitions that will make it “number one, two or three” in the markets in which it operates.
Panama Papers help S Africa disclosure scheme hit ZAR3.3bn
South African taxpayers have fessed up to unauthorised foreign assets and income worth ZAR3.3bn (£200m, $278m, €224m), some with links to the Panama Papers, under the country’s special voluntary disclosure programme (SVDP).
Carrick Wealth takes another step on 2020 roadmap
Financial adviser Carrick Wealth has opened an office in Malawi as part of an ambitious plan to open five further offices across Africa in the next 24 months.