South Africa
Wealth report glosses over South Africa’s growing wealth gap
It says average person has net assets worth $11,500 – but reality begs to differ
Old Mutual sacks chief executive
Firm says it was not ‘provided with an acceptable explanation’ over his involvement with NMT Capital
South Africa regulator trades blows with public protector
Financial Sector Conduct Authority says report findings and conclusions are entirely unreasonable
Brooks Macdonald Int’l eyes global coverage for UK offerings
IA spoke to the firm about pension decumulation, responsible investing and strategic partnerships
Ashburton Jersey boss quits as staff warned about job cuts
But investment team will not be impacted by any potential redundancies