07/25/2013
Best fund manager in SA
Coronation ranked as the leading unit trust management company for the third consecutive quarter at the end of June 2013, achieving an overall rating of 4.657 PlexCrowns out of a maximum of five.
Alternative Investments
07/25/2013
Stanlib’s trump for Africa is engineering its own exit
Stanlib’s pilot African property development fund that launched in May has expanded its core focus from Nigeria and Kenya to also include Ghana and Uganda
07/23/2013
Investec Bank Loaned 240 Million Rand to Company in Liquidation
Investec Plc , the owner of a bank and a money manager in South Africa and the U.K., said it loaned about 240 million rand ($24.8 million) to Johannesburg-based First Strut Ltd., which is in liquidation.
07/23/2013
Nigeria Banks Drop as Central Bank Tightens Policy: Lagos Mover
Nigeria’s banking index fell the most in a month after the central bank tightened monetary policy by increasing reserve requirements, damping the outlook for lenders’ margins.
07/20/2013
Offshore investments aren’t great at beating SA inflation
Many fund managers may be looking to offshore markets to spice up their returns
07/17/2013
Absa to launch gold ETF in Mauritius
Absa is launching its gold-backed exchange-traded fund (ETF) called NewGold in Mauritius
07/16/2013
Nigeria: Trust and transparency central to pension reform
With the country in the middle of a population boom, planned reforms to Nigeria’s pension system are timely.
07/16/2013
African Bank issues new unsecured, inflation-linked bond
Afican Bank has issued another bond under its domestic medium-term issuances programme — this time a private placing of R600m payable over seven years.
07/14/2013
FirstRand determined to get foothold in Ghana
FirstTRand is still committed to Ghana and applying for a banking licence in the West African country remains an option
07/14/2013
Ernst & Young To Make Acquisitions In Africa
Ernst & Young Africa said it had budgeted $40 million meant for acquiring assets in Nigeria, South Africa and Angola.
07/12/2013
SSNIT says South Africa’s FirstRand fails to acquire Merchant Bank Ghana
It announced that SSNIT would start a new process to invite proposals from interested parties for the acquisition of the Merchant Bank Ghana.
07/11/2013
Johannesburg targets high-speed traders
The initial rollout of the service is scheduled for the first quarter of 2014 and will include space for 35 clients.
07/10/2013
Societe Generale Securities Services in South Africa mandated by Peregrine Equities
It already provides securities lending and borrowing and global custody services to Peregrine Equities (Pty) Ltd,
07/09/2013
FirstBank signs $100m SME facility agreement with China Bank
FirstBank of Nigeria Limited signed a $100million facility agreement with China Development Bank
07/07/2013
Transnet to launch SA’s first rand bond
Transnet plans to sell the country’s first rand bond to foreign investors
07/04/2013
Angolan Stock Exchange Opening Postponed
Angola has decided to postpone plans to launch a stock exchange for a year
07/04/2013
Uganda: Standard Chartered Bank Cleared to Handle Investment Schemes
Standard Chartered Bank has acquired authorisation to carry out operations of a trustee under the Collective Investments Schemes from the Capital Markets Authority.
07/01/2013
Pan African investment firm boosts NASD trading platform on Nigerian bourse
The Pan African Investment Company, Heirs Holdings, has taken a strategic stake in the new National Association of Securities Dealers
07/01/2013
PIC may hold more than 15% stake in African Bank
PIC approved to increase its stake in African Bank.
06/30/2013
Angola delays stock market plans
Angola pushed back plans for the start of stock-exchange trading by a year to 2016,