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.
09h14 Australian oil minnow FAR Ltd said on Monday it has lined up loan funding for its share of the $4.2 billion Sangomar project, Senegal's first oil development block, and made a final decision to proceed.
22h50 Boeing Co is in talks
with banks about borrowing $10 billion or more amid rising costs
for the U.S. planemaker after two crashes involving its 737 MAX
jetliner, a source told Reuters on Monday.. . .
22h19 French President Emmanuel Macron
said on Monday he had a "great discussion" with U.S. President
Donald Trump over a digital tax planned by Paris and said the
two countries would work together to avoid. . .
21h44 A lawyer for Huawei
Chief Financial Officer Meng Wanzhou argued on Monday that
"double criminality" was at the centre of a trial to decide
whether Meng can be extradited to the United States, a. . .
21h33 The EU's proposal for a
temporary ban on facial-recognition technology won backing from
Alphabet Chief Executive Sundar Pichai on Monday but
got a cool response from Microsoft President Brad
Smith.. . .
21h12 Brazil's real weakened on Monday after
the country's economic minister flagged weakness in the currency
as the "new normal," while the Chilean peso firmed on the back
of strong copper prices.. . .
20h01 Oil prices rose to their highest
in more than a week on Monday after two large crude production
bases in Libya began shutting down amid a military blockade,
risking reducing crude flows from the. . .
19h44 London-listed Savannah
Petroleum's told Reuters on Monday it would consider
oil and gas acquisitions in Nigeria opportunistically, calling a
purchase completed late last year the starting kit for further
expansion.. . .
19h34 Brazilian planemaker Embraer
is in the advanced stages of studying the launch of a
new turboprop aircraft to be developed through a venture it is
planning with Boeing, subject to necessary approvals, a top
executive. . .
19h06 T hyssenkrupp has shortlisted three private equity
consortia in the auction of its prized 15 billion euro ($16.6
billion) elevator business, people close to the matter said, and
peer Kone could still submit a. . .
18h58 Recurring fears of a hard Brexit and bets
that the Bank of England will cut interest rates hit London's
FTSE 100 on Monday, while premium tonic water maker Fevertree
endured its worst day ever.. . .
18h53 European shares retreated from recent
peaks on Monday as investors paused before launching into a week
packed with economic data and the European Central Bank's first
policy meeting of the year.. . .
18h53 European government bond yields
edged lower on Monday ahead of key economic events this week
including multiple central bank meetings where the European
Central Bank is expected to launch a strategic review including
a rethink. . .
18h37 The pound fell on Monday after
comments by UK finance minister Sajid Javid stoked fears about
weak ties between Britain and the European Union following the
country's departure from the bloc.. . .
18h26 Global direct foreign investment
(FDI) dipped slightly around the world last year, hit by massive
divestment in Hong Kong and a drop in flows into Britain due to
Brexit uncertainty, the United Nations said. . .
18h12 UK government-owned finance
agency the CDC Group has signed $400 million worth of African
investment deals, part of a wider drive by Britain to develop
new trade ties as it prepares to leave the. . .
17h50 Light showers in some of Ivory
Coast's cocoa regions last week are likely to have boosted the
April-to-September mid-crop, while heavier rain is needed
elsewhere, farmers told Reuters on Monday.. . .
17h48 The French government plans to
introduce a "price corridor" for France's wholesale nuclear
power market that will enable state-controlled utility EDF
to cover its costs while shielding consumers from
volatile electricity price spikes.. . .
17h44 Owners of Boeing's
grounded 737 MAX jet must keep cool heads and avoid offering
panic discounts on sale or lease prices to avoid undermining its
long-term value, the head of one of the world's. . .
17h43 Bosnia's autonomous Serb
Republic raised 26 million Bosnian marka ($14.7 million), less
than targeted, through an auction of six-month treasury bills on
Monday aimed at helping it plug a budget gap, the Finance
Ministry said. . .
17h42 Gold hit a more than one-week high on
Monday as buyers hedged against persistent tensions in the
Middle East and impeachment proceedings against U.S. President
Donald Trump, while deficit-hit palladium's record run showed no
signs. . .
17h33 JPMorgan Chase & Co is the
latest investment bank to significantly expand its Paris hub as
part of plans to relocate some services from London after
Britain's exit from the European Union, snapping up. . .
17h12 Ukraine has reported an outbreak
of highly pathogenic bird flu on a farm in the west-central part
of the country, the first of such outbreak in nearly three
years, the World Organisation for Animal. . .
17h06 Central banks can't be
expected to save the world from climate change, a new book by
the Bank for International Settlement said on Monday, urging
instead global co-ordination ranging from government policy to
financial regulation.. . .
16h57 The Canadian dollar was little
changed against its U.S. counterpart on Monday as domestic data
showed home prices moving higher in December and investors
awaited a Bank of Canada interest rate decision this week.. . .
16h48 World stocks traded just below
record highs on Monday, pausing ahead of this week's central
bank meetings, economic data and earnings, while oil prices rose
to their highest in over a week after blockades. . .
16h30 Czech businessman Daniel Kretinsky
and his junior partner Patrik Tkac said on Monday they had
raised their stake in Casino to 5.64% from 4.63%, in a
further show of support to the troubled French. . .
16h27 Global growth appears
to have bottomed out but there is no rebound in sight and risks
ranging from trade tensions to climate shocks makes the outlook
uncertain, a top International Monetary Fund official said. . .
16h22 Chancellor Angela Merkel has
asked her conservative lawmakers to wait until after a March EU
summit before taking a position on whether China's Huawei
can take part in the rollout of Germany's 5G network,
sources. . .
16h10 Belgium's labour authority
launched the first stage of a court case against British food
delivery group Deliveroo on Monday, challenging working
conditions for the firm's 3,500 riders in Brussels.. . .
15h58 Moody's downgraded Hong Kong's credit
rating to "Aa3" from "Aa2" on Monday, saying its view on the
strength in the Chinese-ruled city's institutions and governance
is "lower than previously estimated.". . .
15h37 German flight attendants' union
UFO on Monday said it had suspended its preparations for further
walkouts at Lufthansa after the airline submitted a
new proposal on how to solve the conflict.. . .
15h21 Malaysia's trade minister
is open to meeting his Indian counterpart at the World Economic
Forum gathering this week, his ministry said on Monday, after
New Delhi said no such encounter was possible amid a. . .
15h09 New legislation will improve
protection for foreign investors in India by offering relief
from possible policy changes but will uphold the state's right
to tax them, according to its draft and government documents
seen by. . .
14h53 French power group Engie
will quit the British residential energy supply
market and hand its 70,000 residential customers to renewables
specialist Octopus Energy, the companies said on Monday.. . .
14h40 Several of Britain's top pension
funds say they would have lost hundreds of millions of pounds
had they sold out of oil and gas stocks in recent years,
highlighting a potential cost to scheme. . .
14h33 British households grew more
confident about their finances and a measure of house prices
rose by a record amount for January, according to surveys which
added to other signs of a brightening mood in. . .
14h17 A European-led naval mission in
the Straits of Hormuz - a vital shipping route for world
transport that has been impacted by military tensions in the
Middle East - has won more political support. . .
14h17 The European Union wants to
agree a deal with China this year to protect foreign investment
and increase investment market access, but it will not meet
Beijing halfway, EU trade chief Phil Hogan said. . .
14h14 Everyone knows that the global
corporate tax system needs to be overhauled, Apple
Chief Executive Tim Cook said on Monday, backing changes to
global rules that are currently under consideration.. . .
14h07 Bank of America Global Research raised
its 2020 oil price forecasts on Monday, citing risks to supply
from the Middle East, an improving demand outlook and higher
OPEC+ compliance to deepen output cuts.. . .
14h00 The European Central Bank
should build climate risk into its lending rules and economic
models rather than just gobble up green bonds in its
multi-trillion-euro purchase scheme, French central bank
Governor Francois Villeroy de Galhau. . .
14h00 Fueled by high interest
rates, Mexico is in 2020 primed to build on recently resurgent
capital inflows following a year long overshadowed by
uncertainty over a new North American trade deal and
U.S.-Chinese economic tensions.. . .
13h37 The number of international
visitors to Spain hit an all-time high of 83.7 million in 2019
in a seventh straight year of records, Industry and Tourism
Minister Reyes Maroto said on Monday, adding that. . .
13h31 More than a thousand banks, asset
managers, payments companies and insurers in the European Union
plan to open offices in post-Brexit Britain so they can continue
serving UK clients, regulatory consultancy Bovill said on
Monday.. . .
13h18 Asia's cash premiums for 10 ppm gasoil edged lower on Monday,
hurt by weaker deals in the physical market, but the front-month spread for the transportation
fuel widened its backwardation amid expectations for. . .
13h03 Malaysian palm oil futures
rose 2% on Monday after falling sharply last week, as rival
soybean oil prices firmed and the ringgit weakened but worries
about demand from top edible oil buyer India persisted.. . .
13h00 Meng Wanzhou, chief
financial officer of Huawei Technologies Co Ltd, will
appear in a Vancouver, Canada, courtroom on Monday for the first
day of her extradition trial, a process expected to take months
- possibly. . .
12h55 The executive chairman of
aircraft leasing firm Air Lease Steven Udvar-Hazy on
Monday said he was hopeful that Boeing's grounded 737 MAX
would be cleared to fly by regulators within 90 days, but. . .
12h52 Shipping company MSC and France's
Saint Nazaire shipyard won a 2 billion euros ($2.2 billion) deal
to build two cruise liners, in a contract unveiled by the
companies on Monday in the presence of. . .
12h52 Drinks maker Fevertree issued
its second revenue warning in three months, sending its shares
down 20% on Monday as disappointing Christmas sales raised fears
that Britain's premium tonics' market has lost its fizz.. . .
12h51 Prime Minister Boris Johnson
called for deeper investment ties between Britain and Africa at
a summit for leaders of 21 African countries on Monday that
comes days before his country will leave the European. . .
12h11 If Iran's nuclear file is sent to
the United Nations Security Council, then Iran will withdraw
from the Non-Proliferation Treaty (NPT), Iran's Foreign Minister
Mohammad Javad Zarif said on Monday, according to the official
IRNA. . .
11h53 British shopping centre operator Intu
Properties is in talks with shareholders and potential
new investors to raise funds to shore up its balance sheet after
being hit by a spate of high-profile failures in. . .
11h18 British defence company BAE
Systems is spending $2.2 billion to expand its
U.S.-based electronic systems operations, buying two businesses
being offloaded as a result of the merger of U.S. rivals
Raytheon and United Technologies.. . .
11h14 Philippine real estate investment
trust (REIT) companies will be allowed to maintain control of
their firms and enjoy tax breaks under revised government rules
to attract fresh capital to sustain property market growth,
authorities said. . .
11h13 A majority of people around the
world believe capitalism in its current form is doing more harm
than good, a survey found ahead of this week's Davos meeting of
business and political leaders.. . .
11h10 1/THE ORACLES SPEAK
Geopolitics overshadowed monetary policy for the first time in
many months in early January. But such distractions tend to be
short-lived nowadays, with investors getting back to central
bank-watching swiftly.. . .
11h09 Taiwan's export orders in
December rose for the first time in 14 months, boosted by a
pick-up in global demand for electronics amid easing trade
tensions between the United States and China.. . .
11h01 Hong Kong shares fell on
Monday, led by consumer stocks, reflecting pessimism toward the
local economy as the city's tourism industry reels under the
impact of prolonged anti-government protests.
** Contributing to the sluggishness in. . .
10h55 European industrial policy chief
Thierry Breton said on Monday that if discussions at the OECD
level on taxation for digital companies such as Amazon
or Google do not bear fruit, the European Union will
take. . .
10h30 Finnish stainless steel maker Outokumpu
said on Monday its October-December core operating
profit would be better than expected due to tighter management
of its raw material costs, sending its shares 16% higher.. . .
10h17 Anglo American on Monday agreed
to buy Sirius Minerals for 404.9 million pounds ($526.2
million) in cash, marking the global miner's return to
fertilizer and throwing a lifeline to the struggling Sirius.. . .
09h47 Several thousand Indonesian
workers held a rally on Monday outside parliament to protest
against planned changes to labour laws as part of government
reforms aimed at creating jobs and boosting investment in
Southeast Asia's biggest. . .
09h44 Kazakhstan will soon ban
exports of livestock until April and may later extend the ban in
order to protect the domestic market where meat prices have
surged, the Central Asian nation's agriculture ministry said. . .
09h11 Australia on Monday boosted
emergency funding for small businesses hit by bushfires that
have ravaged the country for months, as the mounting costs of
the disaster cast doubt on the government's ability to deliver. . .
09h06 Japanese shares edged higher to
15-month highs on Monday on strong U.S. housing data and
investor optimism after last week's U.S.-China trade deal, with
take-over bids boosting some in the construction and machine
sector.. . .
08h51 French telecoms and media group
Iliad formally launched on Monday its previously
announced plan for a 1.4 billion euros ($1.6 billion) capital
increase, which will be used to finance a share buyback offer.. . .
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