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.
18h24 European Council President
Charles Michel on Saturday called a meeting of EU leaders for
Feb. 20 to decide on the bloc's long-term budget for the next
seven years, an issue that has split the. . .
17h58 The EU plans to adopt more
protectionist antitrust rules and encourage businesses to share
data as part of an industrial policy overhaul aimed at giving
European companies a sharper edge in global markets, a. . .
16h49 U.S. Treasury Secretary Steven
Mnuchin said on Saturday he had learnt the hard way to be
guarded in his comments on the dollar after roiling financial
markets in 2018 by breaking from the usual. . .
16h36 India and Brazil have signed 15 accords
aimed at forging closer ties between the two emerging market
giants across a range of sectors, especially defense, both
countries' leaders tweeted on Saturday.. . .
President Jair Bolsonaro has ruled out a so-called "sin tax" on
beer, cigarettes and sugary food products, an idea floated
earlier in the week by Economy Minister Paulo Guedes at the
World Economic Forum. . .
14h08 Digital currency could be useful
as cash transactions dwindle in some countries but central banks
should be in charge of issuing it, not private companies, Bank
of France Governor Francois Villeroy de Galhau said. . .
10h13 Iran’s Petropars will develop
phase 11 of South Pars, the world’s largest gas field, after the
withdrawal of French oil major Total and the China National
Petroleum Corp (CNPC), Iran’s oil minister was quoted. . .
03h11 British Prime Minister Boris Johnson is
mulling to use the threat of high tariffs to raise pressure on
the European Union, the United States and other nations to
strike trade deals with Britain, The. . .
03h10 Fiat Chrysler Automobiles NV on
Friday urged a federal judge to throw out a General Motors Co's
lawsuit accusing Fiat Chrysler of racketeering and
bribing officials of the United Auto Workers union to put. . .
02h07 Angola may ask Portuguese
authorities to seize assets belonging to Isabel dos Santos,
billionaire daughter of a former Angolan president, who is a
suspect in a fraud investigation, Angola's attorney general said
on Friday.. . .
00h10 U.S. soybean futures sank to
their lowest level in more than six-weeks on Friday as fears
over the coronavirus spreading from China triggered broad-based
Corn and wheat futures also weakened. . .
24/01 Crude prices sank more than 2%
on Friday and Brent logged its biggest weekly decline in more
than a year as concerns that a coronavirus will spread farther
in China, the world's second-largest oil. . .
24/01 U.S. Treasury prices advanced
on Friday, pushing yields lower for a fourth straight session,
as news of the latest coronavirus spreading outside China
continued to undermine risk appetite and spur demand for
safe-haven assets.. . .
24/01 Argentina's top exporter of
processed soy, Vicentin, is in talks over a potential takeover
deal with firms including European grains giant Glencore to help
resolve a debt crisis, according to two sources close to. . .
24/01 Argentinian fintech Mercado
Pago, a unit of e-commerce company MercadoLibre, is
launching new services to users of its app-based wallet,
including credit lines and cash withdrawal options, as part of
efforts to gain scale as. . .
24/01 Latin American assets retreated on Friday
amid renewed concerns over the economic fallout from a Chinese
coronavirus, especially after the United States confirmed a
While the World Health. . .
24/01 Fintech company WEX Inc said on
Friday it would buy payments services providers eNett and Optal
for about $1.7 billion to strengthen its presence in the online
travel bookings market, which is expected to. . .
24/01 Shares in payments company
Finablr plunged 27% on Friday after it disclosed its
majority owner, UAE-based Indian billionaire B. R. Shetty, had
pledged over half the company's stock as security against debts
it incurred buying. . .
24/01 Brazil's so-called unicorns,
startups valued above $1 billion, are seen expanding in 2020
beyond the industries that have supplied them so far - large
fintechs, delivery companies and mobility apps, executives said.. . .
24/01 U.S. soybean futures hit a
six-week low and grain futures slumped on Friday as fears over
the coronavirus spreading from China triggered broad-based
The U.S. Centers for Disease Control and. . .
24/01 Lebanese Finance Minister Ghazi
Wazni will meet with IMF Alternative Executive Director Sami
Geadah on Saturday, a finance ministry statement said on Friday,
as a new government grapples with a spiralling financial crisis.. . .
24/01 Cyprus is blocking new European
Union sanctions against several officials from Russia-annexed
Crimea in a bid to secure EU backing for tougher action against
Turkey in a separate row over drilling for hydrocarbons, three
diplomatic. . .
24/01 Food company
Nestle SA said on Friday it has teamed up with small
Canadian plant-based food ingredient makers Burcon and
Merit Functional Foods, the second such supply agreement this
month that targets Canadian crops.. . .
24/01 The trillion-dollar market cap
club expanded last week to a third U.S. company, with Google
parent Alphabet Inc topping the lofty valuation mark.
Adding the next member, however, is likely to take a while.. . .
24/01 Intel Corp's shares hit their
highest in nearly two decades on Friday after cloud computing
demand fired up the chipmaker's data center business and allayed
concerns of market share loss to rival AMD, lifting. . .
24/01 Belarusian President
Alexander Lukashenko on Friday proposed a meeting with his
Russian counterpart Vladimir Putin to resolve a row over oil
supplies, Belarus' state news agency Belta said, with Moscow's
exports to Minsk set to. . .
has approached France's Alstom and Japan's
Hitachi to find a merger partner for its rail business
as it struggles to contain costs that have eaten into margins,
sources told Reuters.. . .
24/01 London's main index jumped on Friday as
nerves eased after the World Health Organisation issued a
measured assessment of the new coronavirus in China, while
midcap-listed payments group Finablr tumbled.. . .
24/01 Ailing German conglomerate
Thyssenkrupp is planning to kick off the auction for
its plant-building unit soon, two people familiar with the
matter said, adding the business is unlikely to fetch sizeable
offers.. . .
24/01 Sickle cell disease drugs made by
Novartis and Global Blood Therapeutics (GBT)
may not be cost effective at current prices, a draft report
published on Friday suggested, widening the debate over U.S.
healthcare affordability.. . .
24/01 Wall Street is betting that the
most popular U.S. technology and internet stocks can keep
outshining the broader equities market but their latest rally
leaves little room for error this earnings season.. . .
24/01 AMS shareholders approved
a 1.7 billion euros ($1.9 billion) capital increase to fund the
Osram takeover on Friday, bringing the Austrian group
closer to its goal of forming a European leader in sensors and
lights.. . .
24/01 Rolf Martin Schmitz, the chief
executive of German utility RWE, might step down from
his post following a far-reaching restructuring that has turned
the group into Europe's third-largest renewables provider, he
told a German magazine.. . .
24/01 Talks to salvage a tentative $1.7 billion debt restructuring between Congo Republic and energy traders Glencore and Trafigura are stuck, sources said, jeopardising an International Monetary Fund bailout for the debt-hobbled. . .
24/01 Reports of suspicious
transactions submitted by banks and betting firms in Denmark
have increased tenfold in recent years, straining anti-money
laundering authorities which drew heavy criticism on Friday from
a state auditor.. . .
24/01 Sterling retreated on Friday
after initially strengthening, as some investors still expected
an interest rate cut next week even though business surveys
pointed to a post-election bounce in the British economy.. . .
24/01 Britain's finance sector is
losing hope of securing even basic access to European Union
markets from Dec. 31, as talk that the EU wants UK fishing
rights in exchange draws the industry into a. . .
24/01 Deutsche Bank on
Friday appointed https://www.db.com/newsroom_news/2020/sigmar-gabriel-nominated-to-join-deutsche-bank-s-supervisory-board-en-11462.htm
former German government minister Sigmar Gabriel, who once
criticised the lender for a business model built on speculation,
to its supervisory board. . .
Wuhan in central China is the size of London. But these days,
flights to and from the city are cancelled, highways are shut
and soldiers guard the railway station, as China tries to
quarantine. . .
24/01 The Canadian dollar edged lower
against its U.S. counterpart on Thursday, lingering close to the
one-month low hit in the previous session, as the coronavirus
outbreak weighed on oil prices.
The. . .
24/01 India plans to increase import
duties on more than 50 items including electronics, electrical
goods, chemicals and handicrafts, targeting about $56 billion
worth of imports from China and elsewhere, officials and
industry sources said.. . .
24/01 The European Union, China
and 15 other World Trade Organization members agreed on Friday
to create a temporary mechanism to settle trade disputes after
U.S. action rendered the WTO incapable last month of acting. . .
24/01 China's outbreak of novel
coronavirus has sent oil prices sharply lower as traders
reassess whether the country will be able to generate the strong
economic growth needed to rebalance the market in 2020.. . .
24/01 Reluctance among Indian
traders to ship premium basmati rice to Iran as U.S. sanctions
hobble its ability to pay has contributed to a sharp drop in
overall exports from the world's biggest supplier of. . .
24/01 Iranian foreign
minister Javad Zarif skipped this year's Davos, but Tehran was
still a hot topic for many Western and Middle Eastern powers
hoping for detente less than three weeks after the United States
killed. . .
24/01 Belarus is looking for
alternatives to Russian oil and is in talks with the United
States, Saudi Arabia and the United Arab Emirates about
supplies, President Alexander Lukashenko said on Friday, the
Belta news agency. . .
24/01 Indonesia's Lion Air
is launching a pre-marketing drive next week for a potential
public float, three sources familiar with its plans said, as the
airline seeks to win over investors more than a year. . .
24/01 With dim sum,
cocktails and gold chocolate coins, Hong Kong wrapped up its
Davos charm offensive confident the financial hub is back on
track, even as officials fly home to tackle a deadly flu-like
virus.. . .
24/01 Years into a bond market
bull-run, investors are banking on a brighter future for funds
that buy the debt of financially troubled European companies
whose bonds are offering meatier returns because they are more
risky.. . .
24/01 The European
Central Bank should adopt a simple inflation target of 2% and
scrap its current "below, but close to, 2%" formulation which
can confuse consumers and policymakers alike, two ECB
rate-setters said on Friday.. . .
24/01 German investors'
association DSW said on Friday it would not endorse
Thyssenkrupp's supervisory board at the conglomerate's
upcoming annual general meeting, saying group strategy lacked
direction.. . .
24/01 The new CEO of Italy's Atlantia
signalled a fresh approach on Friday to the crisis
caused by the deadly collapse of a bridge operated by its
motorway arm in 2018, apologising for the disaster. . .
24/01 Credit card issuer American Express Co
reported a fourth-quarter profit on Friday that beat
analysts' estimates, as more people used its cards for shopping
and paying bills while a strong U.S. retail sales environment
also. . .
24/01 India's corporate and income tax
collection for the current year is likely to fall for the first
time in at least two decades, several senior tax officials told
Reuters, amid a sharp fall in. . .
24/01 UK trade unions have reached a
deal with China's Jingye Group about its provisional
deal to buy British Steel, acknowledging that up to 500 jobs
will go in exchange for protecting pay and employment. . .
24/01 France's hardleft trade unions on
Friday threatened industrial action for months to come, as they
searched for a way to force President Emmanuel Macron to ditch
the biggest overhaul of the country's pension system. . .
24/01 Bayer AG is set to face a
fourth U.S. jury trial over allegations that its Roundup weed
killer causes cancer, with four cancer patients in the hometown
of its agricultural subsidiary Monsanto scheduled to. . .
24/01 Saudi Arabia's Minister of Energy
Prince Abdulaziz bin Salman Al-Saud said all options are open at
an OPEC+ meeting in early March, including further cuts in oil
production, Al Arabiya television reported.. . .
24/01 Polish carrier LOT is acquiring
Thomas Cook's German airline Condor, creating a leading aviation
group in Europe carrying more than 20 million passengers a year,
the companies said on Friday.. . .
24/01 Bank of Japan
Governor Haruhiko Kuroda said on Friday the economy likely
suffered a contraction in the final quarter of last year,
largely due to the hit to factory output from a string of
typhoons. . .
24/01 SoftBank-backed cloud robotics and
artificial intelligence startup CloudMinds is slashing its
global workforce as it burns through cash after repeated
attempts to list on the stock market, people familiar with the
matter said.. . .
24/01 Greece plans to liquidate Larco,
one of Europe's biggest nickel producers which is struggling
under heavy debt, and then look for an investor for some of the
company's assets, its energy minister said on. . .
24/01 Remy Cointreau wiped
almost half a billion dollars off its stock market value on
Friday after posting a sharp drop in quarterly sales and warning
over the potential impact of the coronavirus outbreak on. . .
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