Old Mutual Investment Group (OMIG) has launched the first MSCI equity ESG index fund in South Africa, the Old Mutual Responsible Investment Equity Index Fund.
Growthpoint, the largest South African primary listed REIT (real estate investment trust), is undertaking two large solar installations on the rooftops of its Northgate Mall and Brooklyn Mall in Johannesburg and Pretoria, each with a capacity of nearly 1,2MWp.
MSCI has announced that it’s considering removing Nigeria from the MSCI Frontier Markets Index given restrictions on currency trading and the resulting deterioration of FX liquidity impacting investors’ ability to repatriate capital.
The International Monetary Fund (IMF) has received a formal request from Angola to initiate discussions on an economic programme that could be supported by financial assistance.
Credit concentration is a systemic issue in South Africa, affecting most or all variable rate money market funds, as well as other fixed income funds which are essentially cash strategies, according to Global Credit Ratings (GCR).
Neptune, a UK-based fund management company, has announced that it will merge its £9.6m ($13.7m) Neptune Africa Fund into the £7m ($9.99m) Neptune Emerging Markets Fund on April 29, 2016.
The South African stock market has performed poorly since early 2015, but this has been concealed by the performance of Naspers and SABMiller, according to Geoff Blount, Managing Director of BayHill Capital.
Growth in property development is likely to continue in many African markets if appropriate funding structures are used to manage some of the current hurdles, Africa Global Funds has learned.
BlackRock has received regulatory approval to offer a range of offshore funds to South African investors, including asset managers, retirement funds and insurance companies, as well as financial advisors.
The Government of Sudan has launched an online trading system of its stock market, a landmark development in the Sudan’s financial history.
Growth in Africa is expected to average over 4% over the next five years, but is still heavily commodity-dependent, according to the Institute of Chartered Accountants in England and Wales (ICAEW).
TriLinc Global Impact Fund has approved Scipion Capital to act as a sub-advisor on trade finance investment opportunities in Sub-Saharan Africa, broadening its trade finance and term loan investment capabilities in the region.
Old Mutual has announced that its four businesses - Old Mutual Emerging Markets (OMEM), Nedbank Group, Old Mutual Wealth (OMW) and Old Mutual Asset Management (OMAM) – will be separated from each other by the end of 2018.
The South African hedge fund industry is expected to experience growth spurt now that investors have access to regulated products, Robert Foster, Convenor of the ASISA Hedge Funds Standing Committee, has said.
