When it comes to successful investing, there is no goose that lays the golden egg. So, while passive versus active investing is often presented as a simple either/or, in reality there should never be a binary choice between active or passive investment vehicles as the sole solution to your investment needs.
The internet giant aims to list its international internet assets on Euronext Amsterdam on 11 September. Naspers shareholders get to vote next month on the internet giant’s plan to list its international business on the Euronext Amsterdam stock exchange. It posted a circular to shareholders on Friday convening a general meeting for 23 August.
Two months into President Cyril Ramaphosa’s new government for the next five years, South Africans have been made aware of the stark reality of a higher-than-anticipated contraction in the economy in the first quarter of 2019. While the JSE all share index rebounded in June, it comes off a miserable month of May.
The ANC’s 2019 manifesto refers to investigating prescribed assets, which are defined as the proportion of financial institutions’ resources that would be assigned to socially productive assets as a key priority. Prescribed assets are mentioned under the two sections in the 2019 manifesto. Both mentions refer to investigation and that no detail has been provided about the form that the prescription could take.
The group now expects to list its international internet assets on Euronext Amsterdam in September. Naspers has delayed the listing of its international internet assets on the Euronext Amsterdam stock exchange after an external service provider labelled a circular to shareholders incorrectly. The circular included a notice to shareholders convening a general meeting next Friday to approve the listing. In the printing process, the names of some shareholders were paired with the wrong addresses, which it said could have led to confusion.
The Financial Advisory and Intermediary Services Act (FAIS) is designed to create a professional code of conduct with specific outcomes and measurements which Financial Services Providers (FSPs) must comply with.
An interview with Ewadele Butler, Senior Associate, Hogan Lovells US and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing the Better Utilisation of Investments Leading to Development Act, or the BUILD Act, which President Trump signed into law in October 2018. This legislation is set to increase investment into the continent, in a bid to counter the narrative that China’s influence in Africa is rising, while the US falls off with its ‘America first’ approach.