The Sunday Times Top 100 companies awards track the best performing business listed on the Johannesburg Securities Exchange over a five year horizon. The 2015 prize went to Fortress Income Fund
Investec expects full-year earnings growth after increasing the funds it manages, the investment bank and asset manager said on Friday but warned that a weaker rand currency would hurt group results.
Our Top 100 CEO table has been a hit. But a surprise for me was that in an age when we’re told 60 is the new 40, only 16 on the list are in their sixties.
Investec celebrates its 40th anniversary this year. My front row seat to this remarkable story began with a short walk down Mooi Street in 1981.
If anything, SA’s entrepreneurs are doing even better. This week’s London Sunday Times ran a story about Mick Davis, one-time financial director of Eskom (in his 20s) who last year sold his creation Xstrata to Glencore for almost R300bn.
JOHANNESBURG (Reuters) – South African investment bank Investec expects an improved first half performance, boosted mainly by increased assets under management, the company said on Friday. The wealth manager said its asset management division had seen net inflows of 2.7 billion pounds ($4.4 billion) as third party funds increased by 9 percent in the five … Read more
Can’t say we haven’t been warned bribery and corruption is on the rise in South Africa. Triggered by a President who defends $20m of taxpayer’s funds being used for a “security upgrade” on his private residence, perceptions of widespread abuse has never been higher. Now we have the first indication of how far the country … Read more
The story of Nigeria, Africa’s biggest economy and one of the world’s fastest growing and most dynamic economies, is often seen as a simple tail of oil and gas resources. But there’s a lot more to the Nigerian economy, from the small businesspeople who ply their wares in the country’s bustling markets to people like … Read more
Investec has its critics. I’m not among them. As you’d expect of one who has watched brothers Ian and Bernard Kantor and three close friends from the East Rand – Stephen Koseff, Errol Grolman and Larry Nestadt – build a major global business from scratch. Â So results interviews with one of the two co-founders still … Read more
Investec plc, the international specialist bank and asset manager, has released its consolidated results for the year ended 31 March 2014. Investec plc has a current market cap of R54.80 billion and trades on a 20.16 PE ratio and dividend yield of 3.06%. The group’s share price has gained 29% in the last year. As … Read more