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.
If you would like to access the Sharenet Investments website, please visit www.sharenetinvestments.co.za.
Should you require further information, please do not hesitate to contact the Sharenet Group.
NEWS feeds categorized by region. For a feed of all NEWS as it arrives, go to NEWS WIRE
12h03 Indian utilities' coal imports
jumped 21% last year, rebounding after a three-year slide mainly
due to increased purchases by an Adani Power plant in
western India, government data showed on Wednesday.
16h29 Heavily-indebted South African Airways (SAA) should be retained as a national airline but needs substantial restructuring, a top official in the governing African National Congress (ANC) party said on Wednesday.. . .
14h50 South African miner
Samancor Chrome said it could cut close 2,500 jobs in response
to weak chrome prices and power supply problems, according to a
letter to unions seen by Reuters on Wednesday.. . .
10/12 Just Eat rejected a raised
takeover offer from Dutch-based technology group Prosus
on Tuesday because it significantly undervalued the company and
said it continued to back a rival all-share offer from
Takeaway.com.. . .
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.. . .
17h11 U.S. Senator
Elizabeth Warren, a contender for the Democratic Party's
presidential nomination, is asking the biggest U.S. banks for
details on their assessments of and preparations for risks
related to global warming.
17h07 The U.S. dollar edged lower on
Wednesday and the Japanese yen and the Swiss franc slipped amid
muted demand for safe haven units as updates from China about
the spread of a new flu-like coronavirus raised hopes the
outbreak would be contained.
16h54 Two buyout firms are raising debt
this week at companies they own to pay themselves dividends, a
move criticised by some investors as putting short-term rewards
ahead of long-term business interests.. . .
16h51 Fiat Chrysler's chief
executive Michael Manley said on Wednesday merger talks with
Peugeot owner PSA to create the world's No. 4 carmaker
are progressing well and he hopes to have a deal sealed within
12-14. . .
17h05 The Baltic Exchange's main sea freight
index fell to its lowest since February on Wednesday, hurt by a
seasonal slowdown in demand amid higher costs for shipowners due
to a new regulation for shipping. . .
17h00 U.S. home sales jumped to
their highest level in nearly two years in December, the latest
indication that lower mortgage rates are helping the housing
market to regain its footing after hitting a soft. . .
16h55 Chicago-based real estate
developer Hilco Redevelopment Partners is expected to pay $240
million in its winning bid for the Philadelphia Energy Solutions
refinery site, bankruptcy court documents showed on Wednesday.. . .
16h38 Thailand's 3.2 trillion baht
($105.40 billion) budget for the current fiscal year, aimed at
reviving a flagging economy, faces further delay as lawmakers
seek a court ruling on the validity of the parliament vote. . .
16h26 Lebanon's Hezbollah-backed
government will walk a political tightrope as it moves to
urgently secure foreign funding to ward off financial collapse
and could look to the International Monetary Fund (IMF) for
assistance.. . .
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.