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 Struggling state-owned airline South African Airways (SAA) lost more than 10.4 billion rand ($700 million) in the past two financial years, documents sent to lawmakers and seen by Reuters showed.. . .
03/12 South Africa's economy shrank for second time in three quarters this year, data showed on Tuesday, as productive sectors fell across the board and companies slashed inventories, amplifying the chances of. . .
02/12 South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) fell further into contraction territory in November as business activity and new sales orders slowed, the survey showed on Monday.. . .
02/12 South African Airways (SAA) and lenders have had "intense discussions" to secure funds for the cash-strapped carrier's operational and structural transition, the country's public enterprises ministry said on Sunday.. . .
30/11 Two big travel insurance companies in South Africa have stopped covering tickets issued by South African Airways (SAA) against insolvency as doubts grow about whether the struggling state-owned airline can survive.. . .
30/11 Shares in Norwegian bank DNB plunged more than 6% on Friday after the country's white-collar crime unit launched an investigation into its handling of payments to Namibia from Iceland's biggest fishing. . .
27/11 South Africa's rand inched lower in early trade on Wednesday, tracking its emerging market peers in Asia as continued uncertainty about the outcome of U.S.-China trade talks kept big bets at. . .
26/11 South Africa's 2018/2019 maize crop is expected to be slightly higher than the previous estimate, boosted by higher yellow maize yields in the Free State and Mpumalanga provinces, the Crop Estimates. . .
26/11 South African supermarket chain Checkers, owned by Shoprite Holdings, is looking to grab a larger share of the growing online shopping market by pioneering a new one-hour grocery delivery service named. . .
26/11 South Africa faces a prolonged period of weak economic growth marked by rising unemployment, inequality and greater credit-rating risk if the government does not act fast to implement reforms, the International. . .
26/11 Vedanta, one of South Africa's biggest international investors, will process its zinc ore elsewhere unless the country can fix its power problems, the CEO of Vedanta unit Vedanta Zinc International said.. . .
26/11 South African chemicals and fertiliser maker Omnia Holdings reported a half-year profit on Tuesday boosted by its mining division, despite difficult trading conditions in its agricultural business.. . .
26/11 South Africa's rand firmed on Tuesday, defying a stronger U.S. dollar and a warning from the International Monetary Fund (IMF) about the country's worsening fiscal position as investors continued to see. . .
25/11 South Africa's biggest supermarket chains could be forced to drop exclusivity clauses in shopping mall leases if they fail to do so voluntarily, the country's competition watchdog said in findings from. . .
25/11 South Africa is blocking arms sales to countries including Saudi Arabia and the UAE in an inspections dispute, endangering billions of dollars of business and thousands of jobs in its struggling. . .
23/11 S&P Global on Friday downgraded http://bit.ly/2D8LTm3 its outlook for South Africa's credit rating to negative, citing weak pace of economic growth, mounting government debt burden and liabilities related to the country's. . .
22/11 South African Airways has resolved a dispute over wages with two unions which have been on strike since Nov. 15, the Commission for Conciliation, Mediation and Arbitration, which mediated talks between. . .
22/11 South Africa's struggle to safeguard its last investment grade credit rating has failed to convince the most credit-sensitive global investors and many active fund managers have already voted with their feet.. . .
22/11 South Africa's Tiger Brands posted a 17% drop in its annual earnings on Friday, dented by ongoing margin compression across the grains portfolio, lower sales in export markets and slower-than-anticipated recovery. . .
21/11 Two trade unions at state-owned South African Airways (SAA) said they would continue talks with the airline on Thursday aimed at ending a week long strike over wages and job cuts. . .
Complete the form below to recieve your daily selected share information straight to your inbox every evening. You only have to complete the form once. Data Privacy: We do not divulge your details to any third party service or product providers. All our emails provide unsubscribe options at the bottom.
Subscribe to get a summary of the day's market data and news sent straight to your inbox. Data Privacy: We do not divulge your details to any third party service or product providers. All our emails provide unsubscribe options at the bottom.