
High Court finds PIC board exceeded its powers
Chief executive Patrick Dlamini’s suspension was unlawful because the prescribed governance process was not followed.

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.

The completed transaction added scale, while a recovery in client demand pushed the asset manager back into net positive flows after last year’s outflows.

South African investors committed R51 billion to collective investment schemes in the first quarter of 2026 despite heightened market volatility.

The company said its closing assets dipped by 2% at the end of March even as average AUM rose by 15% over the half-year.

The group says the industry is moving towards customised solutions, prompting it to hand active management to Ninety One and focus on alternatives, distribution, and emerging markets.

The tie-up will begin with global equity and emerging market ETFs and is designed to widen access to active strategies across international markets.

Global shocks may be getting harder to forecast, and the real task is constructing portfolios that can withstand a wider range of outcomes.

South Africa leads Bank of America’s EEMEA rankings despite severe market losses, highlighting resilience, strong dividends, and sustained investor interest.

Naleni Govender says retirement funds need a more deliberate approach to private markets, with stronger due diligence, better partnerships, and clearer accountability.

Guidance under development signals stricter application of existing rules to sustainability claims and disclosures.