The Sharenet Group has over the last 30 years evolved from a pure data provision business into a fully-fledged financial services provider company, and in recent years, into two distinct business divisions:
An agnostic wealth management business with local and international focus; and an asset management business delivering risk-adjusted returns across a range of Collective Investment Scheme mandates.
Sharenet Group board of directors, as part of its continued review of Sharenet’s core business activities, have determined that, given the divergent paths between market data and asset management - there is no longer strategic rationale for operating an asset management business within the Sharenet Group.
This decision reflects Sharenet’s continued shift towards becoming an agnostic global platform business whereby Sharenet is recognised as the premier conduit between asset managers, financial advisors and end-user clients.
As a result, the Sharenet Board has, effective 25 June 2019, concluded a sale of Sharenet Investments to Management.
Sharenet Investments under the steady hand of CEO, JC Louw and Chairman, Kobus Louw will continue to operate under license agreement with Sharenet in South Africa, for a period of 5 years, focussing on providing Collective Investment Scheme and discretionary fund management solutions to independent financial advisors and their respective clients.
20/11 South African Airways (SAA)
has nearly no cash left and may miss salary payments this month,
a board member said on Wednesday, as a crippling six-day strike
has pushed the state-owned airline to the brink of financial
04/12 The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
- - - - -
Asian shares extended their losses on Wednesday after U.S.
President Donald Trump said a trade deal with Ch
11h01 South Africa's rand was barely changed in late trade on Friday, with fresh optimism over Sino-U.S. trade talks helping the currency to weather stronger employment numbers from the United States.. . .
06/12 New global standards for
mining waste dams should take into account the difficulties of
making existing dams compliant, the chair of an independent
panel of experts crafting the new rules said on Friday.. . .
20/11 Unions are escalating a
crippling strike at South African Airways (SAA) after talks
broke down, leaving the state-run carrier at risk of liquidation
without a government guarantee to secure bank funding, a board
member said.. . .
29/08 South African construction
group Aveng on Thursday said its net operating loss
more than doubled in the latest financial year, highlighting the
challenges the company faces as it embarks on a turnaround
strategy.. . .
11h30 M&G's life and pensions arm said
it has suspended a 164 million pound property fund, days after
the British fund manager froze dealing in its 2.5 billion pound
($3.21 billion) flagship UK property fund.
06/12 Gold slid 1% on Friday as strong U.S. jobs
data renewed bets the Federal Reserve would stand pat on
interest rates and also boosted demand for riskier assets,
while supply-squeezed palladium soared to. . .
08h34 Institutional Shareholder Services said on
Friday it recommends shareholders vote against a plan by the
chairman of Hudson's Bay Co to take the Saks Fifth
Avenue owner private after the bid was topped by. . .
04h22 Mexico's deputy foreign
minister for North America, Jesus Seade, said on Friday that
negotiators made "good progress" to close the United
States-Mexico-Canada Agreement (USMCA) trade deal, but many
elements remained to be resolved.. . .
06h31 The Bank of Japan will consider
offering a bleaker assessment on factory output than in October
at its rate review this month, sources said, underscoring its
concern over the broadening fallout from the. . .
06/12 Demand for physical gold
was moderate in India this week due to lower than usual wedding
season buying, while top consumer China saw increased activity
as wholesalers cleared out inventories into the year-end.. . .
06h03 China's foreign exchange reserves
fell $9 billion in November to $3.096 trillion, central bank
data showed on Saturday, as Washington and Beijing remained
locked in negotiations over an interim trade agreement.. . .
06/12 A snap poll published
after a pre-election BBC television debate between Prime
Minister Boris Johnson and opposition Labour leader Jeremy
Corbyn showed Johnson was narrowly considered to be the winner,
Sky News said.. . .
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