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 Australian shares notched a record
closing high on Friday for a fourth straight session, as markets
cheered positive global economic data while still basking in the
afterglow surrounding the freshly signed Sino-U.S. Phase 1. . .
16/01 Australian shares surged past the 7,000
level for the first time ever on Thursday, as demand for risky
assets increased after China and the United States signed a deal
to defuse their trade war. . .
16/01 Australia's Whitehaven Coal Ltd
on Thursday posted a 44% drop in second-quarter saleable coal
production as labour issues and drought-related weather
conditions hit output at its flagship Maules Creek mine.. . .
16/01 Australian and New Zealand shares soared
to fresh peaks on Thursday as investors cheered a long-awaited
preliminary trade deal inked between China and the United
States, with the Aussie benchmark index crossing the 7,000
level.. . .
15/01 China's steel production is
expected to grow only modestly this year, driven by rising
urbanization and Belt and Road Initiative projects, Australia's
Fortescue Metals Group chief executive Elizabeth Gaines
said on Wednesday.. . .
15/01 Australian shares scaled record closing
levels on Wednesday, buoyed by gains in gold stocks as doubts
emerged about the impact of a preliminary Sino-U.S. trade pact
after a top U.S. official said China tariffs. . .
15/01 Severe storms are expected to
bring some relief in the coming days from huge bushfires
scorching Australia but the heavy downpours could also carry the
risk of landslides and water pollution, officials said on
Wednesday.. . .
15/01 Australian Vanadium Ltd (AVL)
said on Wednesday it penned a non-binding agreement with a unit
of steelmaker HBIS Group Chengsteel that could see the Chinese
firm buy vanadium and invest in the Perth-based firm's. . .
14/01 Australian shares are set to open flat on
Wednesday, with stronger iron ore prices likely to buoy mining
stocks, while a report that the United States would likely
maintain tariffs on Chinese goods until. . .
14/01 Australia urged foreign tourists
on Tuesday to put aside concerns about raging bushfires after
the United States downgraded a travel warning, even as thick
smoke disrupted preparations for the Australian Open tennis
tournament in Melbourne.. . .
13/01 Australian shares are set to open higher
on Tuesday, tracking a stronger finish on Wall Street which hit
record highs on optimism over the planned signing of a
preliminary U.S.-China trade deal.. . .
13/01 The Australian government
committed A$50 million to an emergency wildlife recovery program
on Monday, calling the bushfires crisis engulfing the country
"an ecological disaster" that threatens several species,
including koalas and rock wallabies.. . .
12/01 Australian shares are set to open lower
on Monday on the possibility of renewed tensions between the
United States and Iran, while weaker iron ore prices are likely
to pressure heavyweight mining stocks.. . .
12/01 After weeks of criticism over
the handling of the bushfires scorching Australia, Prime
Minister Scott Morrison said on Sunday he will propose a
national review into the response to the disaster, as the fires
claimed. . .
11/01 A firefighter died while on
duty on Saturday in Australia's state of Victoria, raising the
toll from this season's devastating bushfires to 28 deaths as
the government deploys mental health services to aid those. . .
11/01 Bushfire conditions eased in
Australia on Saturday after a gruelling night for firefighters,
with authorities saying they expect at least a week of milder
weather in which to step up defences against the huge. . .
10/01 Australia urged nearly a quarter
of a million people to evacuate their homes on Friday and
prepared military backup as authorities said the next few hours
could be "very, very challenging" even as rain. . .
10/01 Australian shares scaled record highs on
Friday as easing Middle East tensions spread a dose of relief
among investors, while hopes that a Sino-U.S. Phase 1 trade deal
will be signed next week added. . .
10/01 Analysts barely changed their
forecasts for the Australian and New Zealand dollars amid fading
global trade uncertainty, as investors focus on an economic
slowdown at home and radical policy easing risks.. . .
10/01 Australian retail sales surged
past all expectations in November led by pre-Christmas shopping
though early indicators point to weak spending in December,
suggesting the economy remained in the doldrums in the final
quarter of 2019.. . .
09/01 Australian shares are set to rise and
will likely touch a record high on Friday, with de-escalating
tensions in the Middle East and the prospect of the United
States and China signing an early. . .
09/01 Australian shares on Thursday advanced to
their highest in a month after U.S. President Donald Trump's
tempered response to Iranian missile attacks calmed markets,
although a fresh set of attacks kept investors on edge.. . .
08/01 Australian shares are set to open higher
on Thursday after U.S. President Donald Trump's tempered
response to Iranian missile attacks on U.S. forces in Iraq
helped calm markets, although reports of fresh missile attacks
are. . .
08/01 Audit group KPMG said on Wednesday
Australia's McWilliams Wines Group had gone into voluntary
administration and that it was seeking capital or a buyer for
the winemaker, which has been struggling to pay creditors. . .
08/01 Australian shares trimmed losses on
Wednesday after U.S. President Donald Trump's comment on the
Middle East tensions reassured investors rattled by Iranian
missile attacks on U.S.-led forces in Iraq earlier in the day.. . .
08/01 Australian shares fell on Wednesday after
Iran launched a major ballistic missile attack on U.S.-led
forces in Iraq days after the killing of a Iranian commander,
sparking worries of a wider war in the. . .
07/01 Australian shares are set to open higher
on Wednesday, likely boosted by copper and iron ore miners on
the back of stronger commodity prices, although gains may be
capped by the energy sector amid. . .
07/01 The peak summer
holiday period should bring boatloads of cruise-ship passengers
and other holiday makers to the Australian coastal town of Eden,
with visitors thronging stores like Lynn Baxter's newsagent.. . .
07/01 Australian shares climbed 1% on Tuesday,
tracking overnight gains on Wall Street, as the mood calmed with
no fresh aggression in the Middle East while defensive stocks
provided a boost to the index.. . .
05/01 Australian shares are set to open
marginally lower on Monday in rising tensions between Washington
and Tehran after the U.S. killing of Iran's top military
commander in an air strike last week.. . .
02/01 Australian shares are set to open higher
on Friday, as investor confidence improved after China announced
fresh stimulus to prop up its economy, while energy and mining
stocks are likely to rise.. . .
02/01 Asian shares gained for the fourth
successive month in December as appetite for regional shares
improved after the U.S. and China agreed on a preliminary deal
to end their 17-month long trade war.. . .
30/12 Australian shares are poised to open
lower on Tuesday, tracking Wall Street overnight where major
indexes slipped from record highs, while the mining sector is
likely to weigh on the benchmark on weaker iron. . .
27/12 Australian shares advanced for a third
straight week this month, and were set to be one of Asia's top
performing indexes in 2019 amid the Sino-U.S. trade war and
sluggish domestic economic growth.. . .
27/12 Australian authorities said on
Friday they are focused on protecting water plants, pumping
stations, pipes and other infrastructure from intense bushfires
surrounding Sydney, the country's largest city.. . .
24/12 There will be no Australia and New
Zealand stock market reports on Wednesday and Thursday, Dec. 25
and 26, as financial markets in both the countries will be
closed for Christmas and Boxing Day.. . .
23/12 Australian shares are likely to open
marginally lower on Tuesday, as mining stocks are poised to
continue weighing on the benchmark in pre-Christmas trading,
over weaker iron ore prices.
The most. . .
22/12 Australian shares are set to open lower
on Monday, with the benchmark's heavyweight iron ore miners
likely to trade lower following a drop in prices of the
steelmaking commodity over the weekend.. . .
19/12 Australia must abandon criticism
of China and see the development of its largest trading partner
as an opportunity if bilateral relations are to improve,
Beijing's ambassador to Canberra said on Thursday.. . .
19/12 Australian employment rebounded
sharply in November after a shock drop the previous month, while
the jobless rate ticked down in a sign the labour market might
still have enough life in it to lessen. . .
18/12 Australia's commodity exports
are likely to hit a record of $281 billion in the financial year
through June 2020, according to a government report on Thursday,
boosted by a weaker local currency and rising. . .
18/12 Most Southeast Asian markets ended higher
on Wednesday, with Malaysia and Thailand leading gains, as a run
of upbeat data from the United States eased recession and global
U.S.. . .
18/12 National Australia Bank Ltd
told shareholders on Wednesday it had self-reported
shortcomings in its anti-money laundering systems to
authorities, another blow just a day after regulators filed a
lawsuit against the bank over fee charges.. . .
18/12 Confidence among Asian businesses
rebounded sharply this quarter to hit an 18-month high with
firms reporting a pickup in sales, though most are holding off
on hiring as trade war uncertainty weighs, a Thomson
Reuters/INSEAD. . .
17/12 Australia's banking regulator
will use its increased investigative powers for the first time
to examine whether Westpac Banking Corp directors and
executives broke the law as part of the bank's money laundering
scandal.. . .
16/12 Budget airline Jetstar is cutting
domestic capacity by around 10% in January and weighing the sale
of three Boeing 787-8 jets to counter industrial action by its
pilots that the Australian carrier expects will. . .
16/12 Australian shares rose 1% on Monday to a
two-week high as investors cheered an initial trade deal between
the United States and China, and hopes for another rate cut
gained steam after the government. . .
16/12 Australia's National Veterinary Care Ltd
said on Monday it entered into an initial agreement to
be acquired by a veterinary clinic chain operator, in a deal
valued at A$248.4 million ($168.56 million).. . .
12/12 Australian shares were poised to gain on
Friday on reports the United States and China have reached a
"deal in principle" to resolve a 17-month long trade dispute
that hurt global economic growth and. . .
12/12 Australia, which
vies with Indonesia for the title of the world's largest coal
exporter, is planning for an electricity future where use of the
polluting fuel dwindles and is rapidly replaced by renewable
energy sources.. . .
Complete the form below to recieve your daily selected share information straight to your inbox every evening. You only have to complete the form once. Data Privacy: We do not divulge your details to any third party service or product providers. All our emails provide unsubscribe options at the bottom.
Subscribe to get a summary of the day's market data and news sent straight to your inbox. Data Privacy: We do not divulge your details to any third party service or product providers. All our emails provide unsubscribe options at the bottom.