Tag: Allan Gray
After two stints as acting CEO of Old Mutual, the pan- African Financial services group has made official Iain Williamson’s role as head of the company. Williamson first served as acting Old Mutual in 2017 and again in 2019 when the company fired its former CEO Peter Moyo following a conflict of interest that resulted in breakdown of trust and confidence. Iain Williamson joins CNBC Africa for more.
“I am concerned that our government’s lockdown approach and the subsequent economic hardship inflicted on our people will cost more lives than it can save,” writes Andrew Lapping, Chief Investment Officer at Allan Gray.
As financial services group Old Mutual prepares for another face-off with its former CEO Peter Moyo in court today, its second largest shareholder met with the company,
Healthcent, the first company in South Africa to offer a mobile messaging application for the healthcare sector has once again broke a barrier by raising the required funding from Umkhathi Wethu Ventures and Allan Gray to further its reach in the South African healthcare sector. Andrew Davies, CEO of Healthcent joins CNBC Africa for more.
A topic that is receiving much attention globally and now locally at annual general meetings is assessing the risk of climate change by big businesses. The first climate-risk related resolution was tabled at Standard Bank’s annual general meeting; however 61 per cent of shareholders have voted against it. This is not the first South African giant to disagree, as Sasol and Allan Gray have not accepted it in the past as well. Tracey Davies, Executive Director of Just Share and Kathleen Satchwell a retired judge and trustee of the RAITH Foundation join CNBC Africa for more.
Allan Gray’s Duncan Artus and Nathan Wridgway argue now does not appear to be the time to have 100% of your assets invested in rand-based money market funds.
South African Institutions including Abax Investments, Allan Gray and Coronation, to name a few have joined a class action run by Dutch law firm BarentsKrans against Steinhoff. The legal firm is seeking losses suffered as a result of the collapse in the share price of global retailer Steinhoff in December 2017. Joining CNBC Africa for more is Martin Hyde, Director, Claims Funding Europe.
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