South Africa
South Africa
SOUTH AFRICA - Old Mutual's funds under management increased by 1.8% to reach ZAR222bn (US$31.1bn) by end September 2006, as the financial services group's profits were hampered by a weak rand and US dollar.
29 November 2006
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South Africa
SOUTH AFRICA/UK - Alexander Forbes shrugged off the recent bulking scandal to grow its global assets under management to ZAR135bn (US$18.7bn) for the six months ended 30 September, well above the ZAR107bn reported in the same period last year.
21 November 2006
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South Africa
SOUTH AFRICA - Specific reforms of South African pension fund legislation are to be implemented "without further delay," the National Treasury of South Africa announced.
26 October 2006
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South Africa
SOUTH AFRICA - A consortium of investors including the Ontario Teachers Pension Plan (OTPP) and Caisse de depot et placement du Quebec have made a ZAR8.3bn (US$1.1bn) offer for Alexander Forbes.
20 October 2006
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South Africa
SOUTH AFRICA - The C$96bn Ontario Teachers' Pension Plan (OTPP) was among the nine failed bidders for the V&A waterfront, a prime section of real estate situated in Cape Town.
26 September 2006
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South Africa
SOUTH AFRICA - The Financial Services Board (FSB) has confirmed at least two more arrests would be made this week in the high-profile pension fraud case involving businessman Peter Ghavalas.
18 September 2006
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