Barclays Bank has announced its intention to sell its 62.3% stake in its African business, Barclays Africa Group Ltd (BAGL) over the next two to three years as it faces regulatory pressure over capital requirements and FX erosion.
Individuals and small, closely held business entities will be the most affected by the South African offshore tax amnesty which is due to begin in October, according to EY.
Insurance and asset management firm Axa is set to become the exclusive provider of insurance products and services through Africa Insurance Group’s (AIG) online retail firm Jumia, as well as via the group’s other online mobile platforms in Africa.
In the second of this three-part series, Brian Foster explores the brave new world that awaits advisers adopting a financial planning model as they prepare for RDR in South Africa.
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, 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.
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.
Schroder Real Estate has launched a European real estate investment trust that will be listed on the LSE and the Johannesburg Stock Exchange (JSE).
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.
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 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.
Brooks Macdonald International has announced that its discretionary investment management services are now available to offshore investors in South Africa through the Sanlam Group’s Glacier platform.
