10.9.2019 07:28 am
It will simplify its offering, but not all investors are pleased.
Old Mutual has informed investors that it intends to close two of its longest running unit trusts. The asset manager has proposed that both the Old Mutual Mining and Resources Fund, which was launched in 1987, and the Old Mutual Gold Fund, which opened in 1990, be amalgamated into the Old Mutual Equity Fund.
The EFF leader has called on the left to unite against the finance minister’s calls for privatisation.
The economy managed to claw back 3.1% of the 3.2% it had lost in the first quarter of this year.
The truck logistics industry contributes 11% of SA’s gross domestic product, estimated at R1.26 trillion in the second quarter of 2019.
However, this is not enough to stop credit rating downgrades linked to debt issues including bailouts for state power utility Eskom, analysts say.
As of February, nearly R500m had been paid to the firm.
The best RCL can do is focus on factors within its control and keep engaging with government about policies which restrict growth.
A higher gold price, a weak rand and continued uncertainty has made physical gold more popular, with Investgold selling up to 5 000 coins per week.
Some of the tweets contained the hashtag #ChucklingSquad, which was believed to indicate the identity of the hacker group.
With Women’s Month ending today, Ears executive researcher Nomzamo Xaba has painted a bleak picture.
Aveng CEO Sean Flanagan declined to identify which state-owned enterprise the group had instituted legal action against, saying they are expecting payment in September.
According to Statistics SA a total of 3,355,904 travellers (arrivals, departures and transits) passed through SA ports of entry/exit in June.