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. . .
04/12 The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
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Asian shares. . .
11/11 South African mobile
operator Vodacom on Monday reported an 18.9% rise in
half-year profits, partly reflecting the absence of one-off
costs related to a share scheme offered to black investors.. . .
08/11 South Africa's Tiger Brands is exploring the sale of its processed meats business, which was temporarily closed last year following the world's largest ever listeria outbreak, it said on Friday.. . .
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stock markets have abandoned a series of initial public
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startups — most notably WeWork — failed to draw the. . .
07/11 South Africa's manufacturing contracted by more than expected and business confidence tumbled in data released on Thursday, casting further doubt over the economy a day after President Cyril Ramaphosa secured $24. . .
06/11 South African President Cyril Ramaphosa secured about 200 billion rand ($13.5 billion) of new investment pledges on Wednesday, saying these would spur economic growth and reduce unemployment, but foreign firms made. . .
11/11 The S&P 500 and Nasdaq stock indexes fell
from record highs on Monday as uncertainty about progress in
U.S.-China trade talks again rose to the fore following comments
by President Donald Trump, while a. . .
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