Africa

SOUTH AFRICA - The R533.9m ($58.2m) Clover Pension Fund has appointed Sanlam Investment Management to manage its bonus portfolio.

SOUTH AFRICA - Neil Armstrong, group benefits manager at the R70m ($7.6m) Consol Group Pension Fund, is to retire at the end of December this year.

SOUTH AFRICA - Investment Solutions has introduced a niche portfolio range to cater for specific investor needs and market trends.

SOUTH AFRICA - The £403m ($44.7m) BTR Dunlop pension scheme, a defined contribution plan, is to introduce member level investment options for its members in January 2002.

SOUTH AFRICA - Jan Groenewald, CEO of the Mine Employees Pension Fund (MEPF), is to retire from the fund on November 30 this year.

SOUTH AFRICA - As market volatility continues, investors should be patient and not attempt a short-term switch into cash, advised Justin Taurog of Investment Solutions.

SOUTH AFRICA - The R1.8bn ($196.3m) Altron Group Pension Fund is currently reviewing its two foreign equity managers and may put this mandate out to tender.

SOUTH AFRICA - The R220bn (US$23.9bn) Government Employees Pension Fund (GEPF) is currently reviewing its investment strategy and may put more mandates out to tender.

SOUTH AFRICA - Investec Asset Management and University of Cape Town (UCT) Graduate School of Business have formed a contractual arrangement to encourage discussion among the trustees of South African retirement funds.

ZIMBABWE - The Zimbabwean government has issued a new deadline for insurers and pension funds to fall in line with investment regulations.