Coronavirus Causes Panic – Global Market Recap
February 24, 2020
Sharenet Sites 
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.
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The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets…
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(Adds comments, updates prices) * Silver gains after last session’s steep fall * Platinum hits two-month low * U.S. 10-yr…
AMSTERDAM, Feb 26 (Reuters) – KLM, the Dutch arm of Air France KLM, said on Wednesday it will make budget…
(Adds company and union comments, details) PARIS, Feb 26 (Reuters) – Pilots at Air France’s domestic carrier Hop! plan to…
Feb 26 (Reuters) – Credit ratings agency Moody’s Investor Service on Wednesday cut its 2020 outlook for global auto sales,…
* cpurl://apps.cp./cms/?pageId=stock-index-poll poll data LONDON, Feb 26 (Reuters) – London’s blue-chip stocks are set to gain modestly this year although…
KAMPALA, Feb 26 (Reuters) – The Ugandan shilling weakened for a second straight day on Wednesday on the back of…
LONDON, Feb 26 (Reuters) – Britain’s biggest domestic bank Lloyds is planning to axe 780 jobs as part of ongoing…
* MOEX seen at 2,988 in mid-2020, hitting 3,237 by end-2020 * RTS seen reaching 1,475 by mid-2020 and 1,605…
BERLIN, Feb 26 (Reuters) – The German government sees no need to advise its citizens against travel to Italy, which…
KAMPALA, Feb 26 (Reuters) – The Ugandan shilling weakened for a second straight day on Wednesday on the back of…
* MOEX seen at 2,988 in mid-2020, hitting 3,237 by end-2020 * RTS seen reaching 1,475 by mid-2020 and 1,605…
By Anita Komuves BUDAPEST, Feb 26 (Reuters) – Central European stock markets and currencies extended losses on Wednesday as deepening…
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv (Recasts, updates prices and…
(Adds HKEX CEO quotes) By Alun John HONG KONG, Feb 26 (Reuters) – Hong Kong Exchanges and Clearing Ltd (HKEX)…
* Shanghai blue-chips, South Korea shares down more than 1% * Philippines tumbles almost 4% * South African rand at…
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv By Olga Cotaga LONDON,…
* * Tracking the coronavirus: https://tmsnrt.rs/3aIRuz7 * World stocks fall; CDC, WHO comments weigh * Almost $3 trillion wiped off…