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.
If you would like to access the Sharenet Investments website, please visit www.sharenetinvestments.co.za.
Should you require further information, please do not hesitate to contact the Sharenet Group.
17/01 Foreign investors cut their participation in Nigerian government bond auctions last year, buying just 4.39% of all bonds issued compared with the previous year when they bought 10.99%, a debt office. . .
15/01 Ethiopian Airlines will start constructing a new $5 billion airport later this year, its chief executive officer was quoted as saying on Wednesday, as the rapidly-expanding carrier outgrows capacity at its. . .
13/01 Zimbabwe's finance minister maintained on Monday that the country's economy would grow 3% this year despite poor rains that have hurt some crops and persistent power cuts that have hit mines. . .
13/01 Kenya's Nairobi Securities Exchange (NSE) expects the removal of a cap on commercial lending rates to spur stocks trading, lifting valuations and attracting new listings, its chief executive said on Monday.. . .
13/01 Kenya's first green bond was listed for trading on the Nairobi Securities Exchange on Monday, offering investors the chance to put money into an environmentally-friendly fixed income security for the first. . .
10/01 South Sudan is launching a tender for a comprehensive environmental audit of all its oil-producing fields in a bid to reduce pollution following years of neglect, the government said on Friday.. . .
06/01 Zimbabwe's largest bank CBZ launched two bond issues on Monday, seeking to raise $80.6 million to finance maize and soybean farming, as the country faces another drought that could worsen an. . .
04/01 Kenya said on Saturday it had
started aerial spraying in three counties in the country's north
to try to head off a locust invasion which has already caused
extensive damage to farmland in neighbouring. . .
02/01 Morocco’s trade deficit widened by
2.3% to 191.8 billion dirhams ($20 billion) in the first 11
months of 2019 compared with the same period in 2018, the
foreign exchange regulator said on Thursday.. . .
31/12 Kenya's economy expanded more
slowly year-on-year in the third quarter of this year than in
the same period in 2018 as activity proved lacklustre in various
sectors including manufacturing, the statistics office said on
Tuesday.. . .
30/12 Uganda said it plans to borrow 6.9 trillion shillings ($1.89 billion) from external lenders in the 2020/2021 (July-June) fiscal year to partly finance its budget, which could come under pressure as. . .
28/12 Mali's cotton harvest for 2019/2020 will likely amount to around 691,300 tonnes, around 14% less than earlier forecast, state-owned Malian Company for Textile Development (CMDT) said on Friday, citing preliminary figures.. . .
27/12 Ethiopia on Friday charged
the former head of the state electricity company and the former
deputy head of military-run industrial conglomerate METEC with
corruption in relation to the giant hydroelectric dam the
country is building.. . .
20/12 Tanzania has secured a $272 million loan from the African Development Bank (AfDB) to build a new international airport at its administrative capital Dodoma, part of a programme to expand the. . .
19/12 The International Monetary Fund's executive board has approved a financing plan that will help the IMF cover its share of debt relief for Somalia, IMF Managing Director Kristalina Georgieva said in. . .
17/12 Mozambique's central bank expects its gross domestic product to rise to 4% in 2020 thanks in part to rebuilding efforts after two devastating cyclones this year, its governor Rogerio Zandamela. . .
17/12 Zambia has legalised the production and export of cannabis for economic and medicinal purposes, the government's chief spokeswoman said on Monday, becoming the latest country to shift its position on the. . .
12/12 Famine threatens the lives of up
to 5.5 million people in South Sudan, where droughts and
flooding have destroyed crops and livestock, compounding
"intense political instability", the United Nations warned on
Thursday.. . .
11/12 Ethiopia's federal police were deployed to universities across the country on Tuesday, the government said, as authorities sought to calm ethnic tensions which have claimed the lives of seven students in. . .
10/12 Rwanda's year-on-year inflation rose to 6.9% in November from 4.4% a month earlier, the statistics office said on Tuesday, reflecting an increase in the prices of food items in local markets.. . .
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