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 South Africa sold a total
of 1.040 billion rand ($72.31 million of its 2025,
2033 and 2046 inflation-linked bonds,
central bank data showed on Friday.
Yields were mostly higher compared with. . .
16/01 South Africa's rand inched
up on Thursday after the central bank unexpectedly cut its main
lending rate by 25 basis points to 6.25%, providing a stimulus
to the flagging economy as it lowered its. . .
16/01 South Africa is scrambling to secure extra funding to rescue South African Airways (SAA), which last month entered a form of bankruptcy protection in a last-ditch bid to save the state-owned. . .
16/01 South Africa's central bank unexpectedly cut its main lending rate by 25 basis points to 6.25% on Thursday, providing a stimulus to the flagging economy as it lowered its inflation forecasts. . .
16/01 South African miner Sibanye-Stillwater said on Thursday it has concluded a consultation process that reduced the number of proposed job cuts as it restructures the loss-making Marikana operations it acquired last. . .
15/01 South Africa's Public Enterprises Ministry said on Wednesday that Malegapuru William Makgoba had been appointed interim chairman of struggling state-owned power utility Eskom, after the resignation of Jabu Mabuza last week.. . .
15/01 Clothing retailer Truworths International reported a small increase in half-year sales on Wednesday, reflecting constrained spending in South Africa and Britain despite a boost from the key November-December period.. . .
15/01 South Africa's Eskom took a
dispute with the energy regulator to court on Wednesday,
demanding higher tariffs than those awarded last year which the
state utility said threatened it with financial disaster.. . .
15/01 South Africa's struggling state utility Eskom took a dispute with energy regulator Nersa to court on Wednesday, arguing that the regulator's three-year tariff decision last year was flawed and threatened the. . .
15/01 The remaining board members at troubled South African state nuclear company Necsa have resigned, the energy ministry said on Wednesday, adding that officials would prioritise new appointments to the board.. . .
15/01 South Africa's rand firmed
against the dollar early on Wednesday, as investors awaited
retail sales numbers, looking for clues on the health of the
economy in the final quarter of last year.. . .
14/01 South Africa will embrace
efforts by businesses to generate their own electricity,
President Cyril Ramaphosa said on Tuesday, reacting to growing
frustration at red tape throttling private power generation.. . .
14/01 South Africa's Woolworths Holdings has appointed Levi Strauss executive Roy Bagattini as CEO, cheering investors keen for a fresh pair of hands to tackle the department chain's struggling Australian business.. . .
14/01 South Africa's Woolworths
Holdings has appointed Levi Strauss executive
Roy Bagattini as CEO, cheering investors keen for a fresh pair
of hands to tackle the department chain's struggling Australian
business.. . .
13/01 South Africa's rand
weakened against the dollar on Monday ahead of a central bank
meeting later in the week and key economic data that investors
will use to gauge how the economy is performing.. . .
13/01 Angolan billionaire and former
first daughter Isabel Dos Santos decried a New Year's Eve court
order to freeze her vast assets as a "witch hunt" engineered to
weaken her father's influence and distract from. . .
13/01 South Africa's rand strengthened against the dollar early on Monday as the imminent signing of the Sino-U.S. Phase 1 trade deal boosted risk appetite globally, though a power crunch that has. . .
10/01 The chairman of struggling South African state-owned utility Eskom, Jabu Mabuza, resigned on Friday after apologising for failing to halt power cuts over the Christmas and New Year public holidays, President. . .
10/01 The chairman of struggling
South African state power firm Eskom, Jabu Mabuza, resigned on
Friday after apologising for failing to meet a commitment to
avoid power cuts during the December and January holiday period,
the. . .
10/01 Nigeria's attorney general has withdrawn a $2 billion tax demand against South African telecoms giant MTN Group, a closely watched case that critics said damaged Nigeria's appeal to foreign investors.. . .
10/01 Paper and packaging firm Mondi Plc's
chief executive officer Peter Oswald is stepping down
after nearly three years in the role overseeing the company's
shift to producing more cardboard packaging whilst battling
rising industry costs.. . .
10/01 South African gold producer Sibanye-Stillwater has exercised an option to acquire an additional 12% interest in DRDGOLD, bringing its total stake to 50.1%, the smaller miner announced on Friday.. . .
10/01 South Africa's rand weakened against the dollar early on Friday as disappointing local factors like power cuts and weak data outweighed upbeat global sentiment buoyed by easing Middle East tensions.. . .
09/01 South African business confidence improved slightly in December as imports rose and more building plans were passed, but extensive power cuts meant sentiment was still weak, a survey showed on Thursday.. . .
09/01 South Africa's rand steadied against the dollar early on Thursday, as investors awaited the latest manufacturing figures for clues on the health of the economy, amid a severe power crunch that. . .
08/01 South Africa's rand regained
ground against the dollar in late trade on Wednesday, as fears
of an immediate escalation in a conflict between the United
States and Iran receded and markets rolled back an. . .
08/01 South Africa's seasonally-adjusted Absa Purchasing Managers' Index (PMI) fell deeper into a contraction in December, following a slump in new sales orders and business activity due to power cuts, the survey. . .
08/01 Creditors of Kenya's Nakumatt supermarket chain, once East Africa's biggest retailer, voted on Tuesday to wind it up after it was unable to pay debts following a failed rescue attempt.. . .
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