
SFC could bring more global financial-services activity onshore
JSE Group chief executive Valdene Reddy says the SFC could build local expertise and a broader financial-services ecosystem around foreign portfolio management.

JSE Group chief executive Valdene Reddy says the SFC could build local expertise and a broader financial-services ecosystem around foreign portfolio management.

The proposed SFC could create opportunities in international business for qualifying FSPs with the licences, systems, and controls required to participate.

Recurring headline earnings increased 5%, but lower performance fees and storm-related claims weighed on Asset Management and Insure, while return on equity declined.

Expanding access to private assets could broaden investment and funding options, but South Africa must grapple with valuation, liquidity, data, and regulatory challenges.

A BER analysis finds that the same cash flows could theoretically have produced R69.7bn more in the bond market, while highlighting the limits of comparing returns with developmental objectives.

The 2026 Alpha Female Report records the first fall in female representation among active fund managers in eight years, while assets managed by women and mixed-gender teams continue to grow.

The emergence of tokenised assets raises the question whether SA can develop trusted local infrastructure rather than rely on systems built elsewhere.

Most asset owners say they are responsible investors, but 43% have no independent way to assess whether their managers are delivering on their ESG commitments.

General equity portfolios recorded their first net inflow in a year, while multi-asset funds continued to attract the bulk of investors’ money.

Chief executive Patrick Dlamini’s suspension was unlawful because the prescribed governance process was not followed.

Fresh appointments may restore oversight, but they do not resolve the disputes and investigations that continue to beset the Corporation.

Alexforbes’ Stewardship Report argues that governance, water security, and other ESG factors are increasingly being evaluated for their effect on company value and long-term returns.

The expansion includes two amalgamated global equity feeder funds and a new rand-denominated feeder into a Troy-managed global flexible strategy.

IFAs can delegate functions including asset allocation, manager research, and portfolio construction while retaining responsibility for advice and client relationships.

Finance Minister Enoch Godongwana confirms that he asked the entire board to step down or explain why its members should not be removed.

The FSCA’s investigation forms part of a wider sequence of governance developments at the state-owned asset manager.

Despite a decline in headline earnings, Alexforbes delivered strong underlying growth, with record assets, rising retail inflows, and expanding umbrella fund assets.