Africa

UK/SOUTH AFRICA - Investec Asset Management has tied up with State Street to outsource the latter's institutional administration.

SOUTH AFRICA - Most South African pension funds would look to the financial press for information on hedge funds rather than expect their investment consultants to explain the asset class.

SOUTH AFRICA - Unless financial markets recover smartly over the next two to three years, South Africans face a pensions crisis.

SOUTH AFRICA - Currency volatility is playing havoc with South African retirement fund performances.

SOUTH AFRICA - South African savers are getting poorer, and they are putting the blame squarely on their retirement fund managers.

SOUTH AFRICA- The plethora of laws recently enacted to bring the South African investment environment up to international standards raise the costs of compliance for affected companies, but they will give comfort to investors grown weary - and in some...

SOUTH AFRICA - Standard Bank, South Africa's leading provider of custodial services, has announced plans to enhance its custody product offering in sub-Saharan Africa through the creation of a regional custody network.

SOUTH AFRICA - Opposition parties have applauded the latest budget from South African finance minister Trevor Manuel, who has announced a sweeping overhaul of the country's decades-old exchange control regime and a reduction in the retirement fund tax...

SOUTH AFRICA/US - Group operating profit was up 8% in rand to R11,431m, but down 15% in sterling to £724m at Old Mutual for the year ended 31 December 2002.

AFRICA - Alexander Forbes (AF) has agreed to acquire 60% of East African actuarial services firm Hymans Robertson Kenya for approximately £650,000 with the balance of the shareholding being held by senior Hymans Robertson Kenya staff.