SOUTH AFRICA - A major South African pension fund has been found guilty of gender disparities in the payment of benefits to former government employees.
SOUTH AFRICA - Institutional retirement planner Investment Solutions has opened up shop in Namibia.
SOUTH AFRICA - The Lesbian and Gay Equality Project is suing finance minister Trevor Manuel in order to secure full pension benefits for the surviving same sex partners of state employees.
SOUTH AFRICA - The Association of Retired Persons and Pensioners (ARPP) has aligned itself with the Congress of South African Trade Unions (Cosatu) by agreeing that pensioners should get first rights to pension fund surpluses once the new pension fund...
SOUTH AFRICA - Congress of South African Trade Unions (Cosatu) president, Willie Madisha, will today lead a delegation addressing the finance portfolio committee in parliament on legislation dealing with pension surplus.
SOUTH AFRICA - Approximately R62bn ($7.4bn) worth of retirement fund assets may have been adversely impacted by high levels of consolidation in the asset management industry over the past two years, according to multi-managers Investment Solutions.
SOUTH AFRICA - Retirement funds of government institutions such as Telkom, Eskom and Transnet should be encouraged to invest in venture capital to support job-creation, according to Ron den Besten, general manager of Gensec Bank's private equity division....
SOUTH AFRICA - The Johannesburg Stock Exchange's small cap sector could run strongly over the next year as low valuations and earnings increases make their mark on share prices, according to Old Mutual Asset Management (OMAM).
SOUTH AFRICA - The merger between financial services groups Escher Group and m Cubed Capital Holdings has been given the green light by South Africa's Competition Commission.
South Africa's investment and asset management industry needs to be more transparent in reporting investment performance to the investing public, according to Sam Camilleri, chief executive of Gryphon Asset Management.