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.
04/12 Round-up of South Korean financial
** South Korean shares shed more than 1% on Wednesday after U.S.
President Donald Trump's remarks undermined optimism for a quick
initial trade deal with. . .
15/08 South African fashion
retailer TFG will decide next year whether to continue
trading in Kenya and Ghana where it has at least six stores in
each market, Chief Executive Officer Anthony Thunstrom said on
Thursday.. . .
04/12 Capital investment by
Chinese firms has ground to its slowest pace in three years, as
a weakening economy, tight credit and prolonged trade war with
the United States dent sales growth and cash reserves,. . .
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 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.. . .
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 Australia's South32 Ltd said on Wednesday it would sell its South Africa thermal coal business to Seriti Resources and two trusts for 100 million rand ($6.78 million) upfront and deferred payments. . .
08/11 Private companies seeking to launch on
stock markets have abandoned a series of initial public
offerings (IPO) this year after a string of high-profile
startups — most notably WeWork — failed to draw the. . .
05/11 Moody's pushed state power firm Eskom's credit rating deeper into sub-investment territory on Tuesday, saying a government plan to reorganise the cash-strapped South African firm would be hard to implement without. . .
06/11 Coca-Cola is committed to
collecting and recycling plastic bottles rather than switching
to aluminium cans as the world's largest soft drinks maker seeks
to reduce its carbon footprint, its chief executive officer told
Reuters.. . .
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