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1 week ago | 
citywire.com | Jaco Visser |Eleanor Becker |Justin Adam Brown |RUAN JOOSTE
Mike Estment, NFB’s remaining founder, spoke to Citywire South Africa earlier this month, sharing insights into what has made the group a success and offering advice to aspiring independent financial advisers (IFAs).
The self-confessed storyteller is proud of his humble beginnings as the son of a Port Elizabeth (now Gqeberha) fire chief. He credits much of his success to his upbringing and education at Grey High School, as well as his experience serving as a naval officer during national service.
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3 weeks ago | 
citywire.com | Jaco Visser |Justin Adam Brown |Eleanor Becker |David Kop
Seven of the 12 exchange-traded product (ETP) issuing houses in existence during the year ending December 2024 were among the 21 winners of the annual South African Listed Tracker Awards or the ‘Saltas’.
The awards celebrate excellence among issuers of South African ETPs.
At a function held at the JSE on Thursday evening, Satrix won 10 of the awards. 10X Investments received three awards; Absa, 1nvest and UBS each garnered two; FNB and Sygnia each received one. Already have an account?
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3 weeks ago | 
citywire.com | Eleanor Becker
The FSCA’s sector report notes a worrying increase in people owed unclaimed benefits among regulated pension funds.
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3 weeks ago | 
citywire.com | Eleanor Becker |Justin Adam Brown |RUAN JOOSTE |Jaco Visser
Old Mutual Investment Group (Omig) believes the election of Donald Trump as US president has hurt South African equities and the rand. ‘If you look at MSCI and US dollar price performance from November until February, South Africa was one of the markets worst hit by the Trump presidency,’ Omig chief investment officer Siboniso Nxumalo (pictured above) said during a media presentation. South African equities declined by almost 10% in US dollars from 4 November 2024 to the end of February 2025.
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3 weeks ago | 
citywire.com | Justin Adam Brown |Jaco Visser |RUAN JOOSTE |Eleanor Becker
The South African Revenue Service (Sars) has overshot its tax collection estimate by R9bn for the fiscal year ending 31 March.
Sars commissioner Edward Kieswetter said in today’s public briefing that the ‘compliance dividend’ raked in R301.5bn over the 12 months – a 15.7% jump from the prior year’s R260.5bn.
‘Central to the work we do is our compliance programme,’ Kieswetter said.
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3 weeks ago | 
citywire.com | Tania Mitra |Jaco Visser |RUAN JOOSTE |Eleanor Becker
The surge in South Africa’s actively managed exchange-traded fund (ETF) market is set to continue, as investors pile into the asset class to benefit from offshore opportunities.
‘I won’t be surprised in the next 12 months if there are another 25 funds listed,’ said Ben Meyer, managing director at Prescient Structured Products Advisory. To respect client confidentiality, he did not hint at which fund managers or what types of actively managed ETFs the market could expect.
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3 weeks ago | 
citywire.com | RUAN JOOSTE |Tania Mitra |Jaco Visser |Eleanor Becker
LONDON: Despite the recent selloff in mega-cap tech stocks, the S&P 500 remains dominated by the ‘Magnificent Seven,’ which still accounts for more than 30% of the index.
It is an issue that active fund managers and the gatekeepers that underwrite them have been wrestling with for some time. Betsy Gorton (pictured above), who leads the public strategies business and research team at Goldman Sachs Asset Management, is getting creative about how to address it.
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3 weeks ago | 
citywire.com | Tania Mitra |Ruan Jooste |Jaco Visser |Eleanor Becker
In a move that could redefine emerging market investment opportunities, Altvest Capital is set to list its Orient Opportunities Fund (AOOF) on the Johannesburg Stock Exchange’s AltX, as well as the A2X, exchange, granting local investors structured exposure to China’s dynamic yet volatile venture capital (VC) market.
The launch comes as China’s VC ecosystem undergoes a shift.
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3 weeks ago | 
citywire.com | Justin Adam Brown |Citywire South Africa |Jaco Visser |Eleanor Becker
Citywire South Africa has launched a new poll to gauge investors’ and asset allocators’ appetite for South African government bonds.
Following a rally of more than 17% last year, South African government bonds, both nominals and index-linked, continue to trade at stiff real yields. The rally, driven by improved investor sentiment towards Africa’s most industrialised nation, seems to have lost some steam.
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3 weeks ago | 
citywire.com | Jaco Visser |Justin Adam Brown |Eleanor Becker |RUAN JOOSTE
Amplify Investment Partners has launched two new retail investor hedge funds.
The Amplify SCI Property Retail Hedge fund launched in February and the R440m Amplify SCI Active Equity Retail Hedge fund launched last November.
‘The funds exemplify Amplify’s commitment to finding unique investment opportunities,’ Amplify head Wade Witbooi (pictured above) said. Already have an account? Do you personally advise on or manage investments for clients?
