South Africa
Momentum buys London & Capital DFM business
Momentum UK, has expanded into the British DFM market with the acquisition of London & Capital’s Adviser Solutions business for an undisclosed sum.
Business strategies: A question of scale
In the final part of a three part series examining the retail distribution review landscape in South Africa, Brian Foster questions the wisdom of thinking big when it comes to advisers growing their businesses.
Allan Gray family transfers control of business to charity
Allan Gray, founder of the South African-based investment management firm which carries his name, and his family have moved their controlling stakes in the Orbis and Allan Gray groups into a new charitable foundation.
Robo-advice opening up S. Africa’s financial advice market
South African robo-advice provider SmartRand has opened up the country’s financial advice market to lower level investors, creating much broader demand.
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.