
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.

The developing FSCA value-for-money approach puts costs alongside investment performance, service quality, governance, and member outcomes.

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.

A new GoTyme-powered banking service is part of a broader strategy to build closer customer relationships, even as investment in future growth weighs on earnings.

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.

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.

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

A breakdown of the results shows how the group’s main business clusters performed as it continues repositioning for growth across South Africa, Africa, and India.

John Stopford says future market returns may be shaped by different forces than those of the past decade, with implications for South African assets.

As optimism rises and valuations stretch, there is a shift from broad exposure to disciplined, valuation-driven analysis.

Morningstar’s Investment Outlook for 2026 highlights trends in the US and domestic equity markets that it believes advisers and investors should watch.

The asset manager lifted revenue by 10%, but headline EPS declined year-on-year once the prior period’s R561m SARS tax recovery fell away.

Despite the FSCA’s findings of RMCP gaps, SCI confirms that client funds remain secure and no money laundering or terrorist financing was detected.