Barclays Africa Group shareholders have approved that the group changes its name to Absa Group in July, setting in motion the start of one of the largest re-brand projects in Africa at this time.
Zambia’s US Dollar-denominated bonds continue to weaken, as the government has still not clarified the debt situation or its fiscal and borrowing plans, according to Exotix Capital.
The South African hedge fund industry ended 2017 with assets under management of R62.4bn, a decline of R5bn from the R67.4bn managed at the end of 2016.
The Angolan government has raised $3bn in its second Eurobond issue in international markets with demand from 500 investors based in the US, Europe and Asia reaching nearly $9bn.
Stellar Capital Partners, a diversified investment holding company listed on the Johannesburg Stock Exchange, has sold the asset management business of Cadiz to Warwick.
Britam has launched a unit-linked investment product which offers customers the opportunity to earn high returns while providing them with life insurance protection cover.
Latest data from the end-March 2018 Quarterly Collective Investment Schemes Performance Survey, shows that, on average, 80% or more of general equity unit trusts and other collective investment schemes (ETFs) in South Africa, fail to produce total investment returns above the FTSE/JSE All Share Index.
4 Africa Exchange (4AX) has announced the acquisition of RainFin’s corporate debt marketplace in exchange for a strategic shareholding in 4AX. Fay Mukaddam, 4AX CEO, says: “It is a long-standing fact that the debt market is inadequately serviced, a problem that it is not isolated to South Africa.”
For decades, Nigeria's economy has been based on oil, but the government has announced plans to move away from its black gold dependence to open its economy up to diversification.
Macquarie Group has announced that its South African cash equities business has entered into a sale of shares agreement to become a majority black-owned enterprise.
Old Mutual Limited (OML) is on track with the primary listing on the Johannesburg Stock Exchange, according to Peter Moyo, Old Mutual Emerging Markets CEO and CEO designate of OML.
Citadel Investment Services has announced that from the beginning of April 2018, the company will be embarking on a new strategic partnership with equity specialists Electus Fund Managers in South Africa.
Grit, the largest and only pan-African focused real estate income group, is exploring a potential premium listing on the Main Market of the London Stock Exchange (LSE).
Adventis, a specialist investment company focusing on the African continent, has launched two investment vehicles - the Africa Enhanced Income Fund and the Africa Equity Fund. Adventis has agreed to purchase Africa Merchant Capital’s investment management business, which manages the Africa Merchant Sub-Sahara Fund.
