SOUTH AFRICA - The assets managed by South Africa's state pension fund manager leaped 24% in the fiscal year through March as share prices soared, Finance Minister Pravin Gordhan said.
NETHERLANDS/SOUTH AFRICA - APG, the investment arm of giant Dutch pension fund ABP, has committed US$250m to Pallinghurst, an investment company specialising in natural resources.
SOUTH AFRICA - Brian Molefe has resigned as chief executive officer of South Africa's Public Investment Corp., the continent's biggest pension fund manager, the company said.
SOUTH AFRICA - South Africa plans to create financial instruments that will enable state and private pension funds to invest more in development projects, economic development minister Ebrahim Patel said.
GLOBAL - The International Accounting Standards Board (IASB) today voted to not move forward with plans to eliminate the use of government bonds to determine discount rates.
SOUTH AFRICA - The R786bn (US$83.2bn) Public Investment Corporation (PIC), which manages pension fund assets on behalf of the South African government, has announced it is to shift R65bn to black African fund managers.
Almost five years after the Nigerian Pensions Reform Bill was passed into law, has the country seen significant benefits from the creation of a pension system? Dorothee Gnaedinger investigates
US - African stock markets will launch a campaign to attract more investors from the US and Europe to boost liquidity in their markets, said Sunil Benimadhu, chief executive officer of the Stock Exchange of Mauritius.
SOUTH AFRICA - Trustees have a duty to recover profits made by pension fund administrators that have not been disclosed to pension schemes, the pension funds adjudicator (PFA) has ruled.
SOUTH AFRICA - The Federation of Unions of South Africa (FEDUSA) has declared its support for a lawsuit against Investec Employee Benefits (IEB), in which the South African Equity Workers Association (SAEWU) is seeking R4bn (US$470m) over allegations...
SOUTH AFRICA -The South African Social Security Agency (SASSA) has processed 5,000 applications for pensions from men aged between 63 and 64 since the new Social Assistance Amendment Act came into effect on 14 July.
SOUTH AFRICA - Leading figures in the South African pensions industry have called for confidence to be restored in the country's pensions system, following a series of scandals.
AFRICA/DENMARK - The DKK440bn (US$92bn) ATP fund has confirmed it is considering divesting from mining firm Anglo American over its continuing activity in Zimbabwe.
SOUTH AFRICA - Watson Wyatt has completed its acquisition of a 20% stake in consulting firm Fifth Quadrant, as revealed exclusively by Global Pensions in December ( www.globalpensions.com , 3 December 2007).
AFRICA - Talks have been held in Nigeria and Ghana to investigate establishing a fiduciary ratings agency in a bid to improve the continent's investment competitiveness.
Investors considering entering African frontier markets should do so sooner rather than later to take advantage of the growth opportunities in the area, warned one expert.
AFRICA - Standard & Poor's has expanded its Africa Index Series with the addition of the S&P Pan Africa, S&P Africa Frontier and S&P Africa 40 indices.
SOUTH AFRICA - Asset managers in South Africa have been given more flexibility to invest overseas, as the offshore allowance for pension funds was raised to 20% in the 2008 Budget.
SOUTH AFRICA - South Africa's more than R1trn (US$130bn) institutional pension system suffers from service providers' conflicts of interest, inadequately educated pension fund trustees and an insufficient distinction between the financial interest of...
SOUTH AFRICA - Experts have warned the government has been "dragging its feet" on pension reform and the 2010 deadline will not be met.
European pension funds have given African pension funds advice on how to use beta effectively in a pension fund portfolio.
Watson Wyatt has taken a initial 20% stake in South African consultancy, Fifth Quadrant, in its fourth major deal of the year.
MOROCCO - Citi Markets & Banking is now providing direct custody and clearing services to clients in Morocco, bringing its network to 50 markets.
SOUTH AFRICA - The national treasury is said to be expecting a backlash against legislation that has forced companies to refund pension fund surpluses which had been misused, according to reports.