Nedbank sets odd-lot price
Shareholders affected by the odd-lot offer will receive R276.48c per share, to be paid out in the next few weeks. Nedbank has set the price at which it will buy back shares from the hundreds of thousands of Old Mutual shareholders who received equity in the bank as part of the break up of Old Mutual Plc.
Ramaphosa’s PPP challenge for the private sector
Over the last few weeks, President Cyril Ramaphosa said repeatedly that the private sector is invited to enter into meaningful partnerships with government in establishing an Infrastructure Fund. Ramaphosa said infrastructure expansion and maintenance had the potential to create jobs on a large scale, attract investment and lay the foundation for sustainable economic expansion.
BOOK REVIEW | Ageing Wealth – An Unequal Problem
John Kinsley has written a book that presents two macro-economic challenges facing the world today. There are two broad economic challenges facing economies around the world today: the one is ageing demographics (particularly in established economies) and the other is inequality.
African Bank aims for 2.5 million customers
The lender will compete with a number of new digital banks as it expands its customer base to income include more middle-income clients.
Nedbank gets green light for odd-lot offer
Nedbank is proceeding with its plan to buy back the so-called odd-lot shares from the hundreds of thousands of Old Mutual shareholders who received a stake in the bank as part of the break up of Old Mutual Plc.
Motus accelerates towards JSE listing
The automotive group says its own listing will provide shareholders with an opportunity to participate directly in its success. Motus Holdings lists on the JSE today ending a multi-year journey to create more value for shareholders of Imperial Holdings. The automotive group has been unbundled from parent company Imperial Holdings, which changes its name on 5 December to Imperial Logistics.
Weighing up the risks in the land debate
Hot on the heels of President Ramaphosa telling the European Parliament on 14 November that South African land reforms will be enacted in adherence to the country’s Constitution, the joint constitutional review committee formally recommended that section 25 of the Constitution be amended to allow for expropriation of land without compensation.
More South Africans choosing EB-5 Investment Visa for US immigration
Recently when I was doing further research to write this story on the EB-5 investment visa, I was astonished to find that the demand from South Africans for this program is the highest it has ever been, it has grown by 486% over the past three years.
Investment case for unlisted property
Commercial property forms an important part of the investable asset universe. Although dependent on relevance of location and the property assets in question, commercial property offers stable growth and income returns coupled with a reasonable level of inflation protection.
Tax impact on your retirement savings
Despite the tax benefits on retirement contributions and the tax free growth, the fact that pension income benefits are ultimately taxed has led people to question whether saving in a retirement fund really is better than making your own retirement savings arrangements with after-tax earnings.