IS assets climb by R3.6bn

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SOUTH AFRICA - Multi-manager Investment Solutions (IS) saw its assets boosted by R3.6bn ($374.5m) in the six months to September 30, 2001 to R38bn ($3.9bn).

Revenue rose 27% to R177.4m ($18.4m) on the same period last year. But operating expenses also climbed 17% to R116m ($12m), a figure in line with costs for the second half of last year, according ...

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