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
07/12 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.. . .
07/12 Prime Minister Boris Johnson's
Conservative Party has increased its lead slightly over the
opposition Labour Party to 10 points, a YouGov poll for The
Sunday Times showed ahead of Thursday's national election.
07/12 British Prime Minister Boris
Johnson's Conservative Party has an 11-point lead over the
opposition Labour Party although its advantage has been cut
slightly, a Deltapoll survey for the Mail on Sunday newspaper
07/12 M&G's life and pensions arm said
it has suspended a 164 million pound property fund, days after
the British fund manager froze dealing in its 2.5 billion pound
($3.21 billion) flagship UK property fund.. . .
06/12 Gold slid 1% on Friday as strong U.S. jobs
data renewed bets the Federal Reserve would stand pat on
interest rates and also boosted demand for riskier assets,
while supply-squeezed palladium soared to. . .
07/12 Institutional Shareholder Services said on
Friday it recommends shareholders vote against a plan by the
chairman of Hudson's Bay Co to take the Saks Fifth
Avenue owner private after the bid was topped by. . .
07/12 Flag carrier PT Garuda Indonesia
is suspending directors linked to the alleged
smuggling of a Harley Davidson motorbike by its chief executive,
the company's chief commissioner said on Saturday.. . .
07/12 The Bank of Japan will consider
offering a bleaker assessment on factory output than in October
at its rate review this month, sources said, underscoring its
concern over the broadening fallout from the. . .
29/11 Kenya Power and Lighting and
Kenya Electricity Generating Co (KenGen) on Friday
said there would be a further delay in their full-year results
as the appointment of a new auditor general will not be
finalised. . .
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