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.
03/12 China's yuan recovered lost
ground on Tuesday morning from a near two-week low hit in the
previous session, thanks largely to broad weakness in the
greenback in overseas markets on worries about new fronts in the
U.S. trade war.
The dollar index, which measures the dollar's
strength against six
18h51 New global standards for
mining waste dams should take into account the difficulties of
making existing dams compliant, the chair of an independent
panel of experts crafting the new rules said on Friday.. . .
17h52 South Africa's rand was
barely changed in late trade on Friday, with fresh optimism
over Sino-U.S. trade talks helping the currency to weather
stronger employment numbers from the United States.. . .
20/11 Unions are escalating a
crippling strike at South African Airways (SAA) after talks
broke down, leaving the state-run carrier at risk of liquidation
without a government guarantee to secure bank funding, a board
member said.. . .
29/08 South African construction
group Aveng on Thursday said its net operating loss
more than doubled in the latest financial year, highlighting the
challenges the company faces as it embarks on a turnaround
strategy.. . .
19h02 Austrian sensor specialist AMS
has succeeded with its 4.6 billion euro ($5.07 billion)
takeover bid for German lighting group Osram at the
second attempt, acquiring more than the 55% of shares required,
it said on Friday without elaborating.
18h57 French Prime Minister Edouard
Philippe said on Friday nationwide strikes in the public sector
would not weaken his resolve to reform the pension system but
promised workers would be spared a brutal transition to. . .
18h47 Frankfurt prosecutors have dropped
an investigation into two Deutsche Bank employees
accused of aiding tax evasion through a former Virgin Islands
unit, although they have fined the lender for compliance lapses.. . .
14h57 Demand for physical gold
was moderate in India this week due to lower than usual wedding
season buying, while top consumer China saw increased activity
as wholesalers cleared out inventories into the year-end.. . .
13h57 Kiyoshi Miyasaka climbs the
stone steps of his shrine, autumn leaves crunching under his
feet. The Shinto priest, dressed in white, aims an orange leaf
blower at a row of cobblestones and clears the. . .
18h14 The dollar rose and global
equity markets rallied on Friday after data showed U.S. job
growth increased by the most in 10 months in November, putting
to rest fears of recession and briefly taking. . .
16h34 The Canadian dollar weakened
against its U.S. counterpart on Friday, paring some of this
week's gains after data showing a surprise slump in domestic
jobs raised expectations for a Bank of Canada interest rate. . .
15h54 Latin American stocks rose on Friday amid
continued optimism over Sino-U.S. trade talks, while regional
currencies continued to benefit from sustained weakness in the
U.S. President Donald Trump on Thursday. . .
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