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Financial Services

PIC said to be courting banker for CEO

Apr 18 2019 11:29

Africa’s largest fund manager is said to be considering financial services executive Kennedy Bungane to head the institution, according to people familiar with the matter.

      Financial Services

      Our books are open for public scrutiny, Harith CEO tells PIC inquiry

      Apr 16 2019 13:09

      Tshepo Mahloele CEO of Harith General Partners, a company in which the PIC is invested, says that none of the fees the company earned went to Lebashe Investment Group, as alleged by UDM leader Bantu Holomisa.

      Financial Services

      Asset manager fined R350 000 for promoting unapproved funds

      Apr 12 2019 12:33

      The Financial Sector Conduct Authority has fined 36ONE Asset Management R350 000 for promoting investments in two unapproved funds registered in the Cayman Islands.

      Financial Services

      SARS warns of fake jobs scam

      Apr 12 2019 09:35

      SARS has warned the the public to be beware of a new scam, where criminals purporting to be from the revenue service offer send their victims bogus job offers - with a few fees attached.

      Financial Services

      Sunday Read: This is how transformation creates business value - if you do it right

      Apr 14 2019 09:22

      MMI Holdings Group's head of transformation Busisiwe Sithole says that transformation shouldn't just be a tick-box exercise and if done right, it could generate value for businesses and the country.

      Financial Services

      Survé issued instruction to tamper with AYO interim financials - former executive

      Apr 09 2019 06:00

      The former CEO of AYO Technology Solutions has testified that Iqbal Survé, the head of investment holding company Sekunjalo, interfered in the running of the technology company and issued an order to tamper with a financial report.

      Financial Services

      AYO worth only 5% of PIC valuation - former exec

      Apr 08 2019 15:56

      The former director at AYO Technology Solutions has told the PIC inquiry that he valued the company at R700m not the R14.8bn determined by the state-funded asset manager.

      Financial Services

      Claims of billion rand deals for friends, death threats and whistleblowers - the PIC inquiry so far

      Apr 08 2019 06:00

      From death threats and allegations of wrongdoing in billion rand investments, to the search for an anonymous whistleblower and the suspension of top officials, this is what the commission of inquiry into the Public Investment Corporation has heard so far.


      Cyber security a major blind spot in retirement fund industry - expert

      Apr 05 2019 16:21

      Cyber security is a major blind spot in the retirement fund industry, according to Viresh Maharaj, chief executive at Sanlam Corporate: Sales & Marketing.


      Financial Services

      Sanlam confident about Moroccan partnership

      Apr 04 2019 07:42

      Sanlam says it is confident about the sustainability of its partnership with Saham Finances SA after it was criticised by a prominent Moroccan financial figure over the SA government's support for Western Sahara.

      Financial Services

      After cutting 802 000 jobs, some big banks are now adding staff

      Apr 03 2019 22:05

      Hundreds of thousands of jobs have disappeared on Wall Street since the 2008 financial crisis and some of the biggest banks haven’t stopped cutting. Still, some firms managed to reverse the trend and are slowly boosting staff levels.

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