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.
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.. . .
19/09 South African private
hospital group Life Healthcare said on Wednesday it
will sell its entire 49.7 percent stake in India's Max
Healthcare to a global investment firm for 4.3 billion rand
($293 million), in order. . .
22/08 Shares in South African
budget clothing and furniture retailer Mr Price tumbled
on Thursday after the firm reported a slowdown in sales in the
first four months of its financial year, citing a slow. . .
11/05 South Africa's Impala
Platinum is seeking tenders for the construction of a
tailings or waste storage facility for its Marula mine in a sign
of recovery for an operation which was on the verge. . .
07/01 Top Indian coal-fired power
generators Adani Power and NTPC Ltd have
sought two-to-three-year extensions of deadlines to install
emissions-cutting equipment at some plants, according to
documents reviewed by Reuters, even as the country battles
rampant pollution.. . .
10/01 Paper and packaging firm Mondi Plc's
chief executive officer Peter Oswald is stepping down
after nearly three years in the role overseeing the company's
shift to producing more cardboard packaging whilst battling
rising industry costs.. . .
23/12 It is "more important than
anything" to keep up the momentum for talks between the United
States and North Korea, South Korean President Moon Jae-in told
Chinese President Xi Jinping in Beijing on Monday.. . .
07/01 The dollar gained, helped by
better-than-expected data in the U.S. non-manufacturing sector,
and oil prices retreated on Tuesday as caution kept investors
alert for developments in the U.S.-Iranian stand-off in the
Middle East.. . .
02/01 A stone's throw from Nelson Mandela's former home in South Africa's Soweto township, Dumile Badela's restaurant is now more hectic and lucrative than ever, thanks to Uber Eats, his hungriest customer. . .
11/10 Investors in precious metals are
opting for streaming and royalty companies over pure gold and
silver miners this year despite a rise in metal prices, as
producers struggle to win confidence in their ability. . .
26/02 Africa's largest
supermarket group Shoprite reported on Tuesday its
first half-year earnings decline in over a decade, hit by a
currency devaluation in Angola, highlighting the challenges of
doing business in frontier African markets.. . .
03/01 The Bank of Portugal is evaluating
Angolan billionaire businesswoman Isabel dos Santos' suitability
as a shareholder of Portuguese banks, it told Reuters on
Thursday, after an Angolan court ordered that her assets in the
country. . .
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