Allan Gray’s Africa ex-SA Equity Fund has generated negative returns for the last quarter, however the asset manager believes that the fund’s largest holdings Econet Wireless, Umeme and Zimplats offer attractive buying opportunities.
Africa from an investment perspective is by no means a finished product, but in a world of low growth and mature markets, it is essential for global minded investors to understand its potential, Rory Ord, Principal at RisCura, has said.
High profit margins and returns tend to sustain longer in Namibia than in some other African regions, Cavan Osborne, Portfolio Manager, Old Mutual Equities at Old Mutual Investment Group, has said.
The Sustainable Energy Fund for Africa (SEFA) has approved a $1m grant to launch the first phase of a Green Mini-Grids (GMG) Market Development Program (MDP), which will be implemented by the SE4ALL Africa Hub in coordination with SE4ALL’s Clean Energy Mini-Grid High Impact Opportunity stakeholder group.
CDC Group, the UK development finance institution, has launched an updated and fully-web enabled version of its environmental social and governance (ESG) Toolkit for Fund Managers at the 2015 Responsible Investment Forum.
South African hedge funds are at risk of regulatory and enforcement action if they do not register as a collective investment scheme in accordance with new legislation, the Financial Services Board (FSB) has warned.
The Association for Savings and Investment South Africa (ASISA) has voiced concern over the reputational damage to the SA Collective Investment Schemes (CIS) industry caused by the inaccurate information contained in the Morningstar’s report.
The majority of South African equity funds invested in both the domestic and international markets lagged their respective benchmarks over a one-year period, according to the S&P; Dow Jones Indices’ SPIVA South Africa Scorecard.
South African investors remain optimistic about the domestic stock market, with 53% thinking that the market will rise in 2015, according to the 2015 Franklin Templeton Global Investor Sentiment Survey.
Nigeria’s government and tax authorities are taking a tougher line on compliance than ever before, according to Magnus Nmonwu, Regional Director for Sage West Africa.
Xterra Capital Advisors, a corporate finance advisory company focused on the real estate industry in Africa, has partnered with AMS Properties and HassConsult in Kenya.
Aurora Wind Power, a venture of ENGIE (formerly GDF SUEZ), Investec Bank and KTH, has started commercial operation of the 94 MW West Coast 1 wind farm.
Access Infra Africa, a developer, owner and operator of power assets in Africa, has announced the four finalists of the Access Co-Development Fund (ACF), a $5m competition launched in April 2015 to bridge the gap between early stage African renewable energy projects and the expertise and funding they require to become operational.
Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, has signed a debt financing agreement to support Egypt's largest petrochemicals holding company Carbon Holdings.
