The deal follows BDO’s 2018 amalgamation of Grant Thornton offices in Cape Town, Joburg and Port Elizabeth
Hufton will share the title with founder Magza Wierzycka, and was previously the deputy CEO
While the first few months of 2020 had seen strong inflows, the Covid-19 is expected to bite, the asset manager says
The decision follows the downgrade of SA’s credit rating last week
Financial Mail associate editor Stephen Cranston talks to Business Day TV about unit trusts
The downgrade reflects the country’s downgrade to junk status with banks’ exposure to SA also a concern
Current CEO Ian Kirk will remain with the group until the end of the year
Retaining the banking holding company is intended to provide additional balance sheet capacity
Basa MD Cas Coovadia talks to Business Day TV about the effect of the pandemic on banks
New business volumes are up almost a third in first two months of 2020
Absa's programme to aid customers under financial pressure starts on April 1
The acquisition of the Namibia-based insurer through issuing shares would make Conduit part of the Trustco group
The Association for Savings and Investment says SA’ insurers have free capital of R373bn — twice the amount needed
Butana Khoza succeeds Ethan Dube as CEO, with Dube shifting to deputy chair at financial services group
Peter Moyo mulls approaching either the president of the SCA for a reconsideration, or the Constitutional Court for leave to appeal
Announcements from Standard Bank, Nedbank and FNB come as the Reserve Bank works with sector to help shore up financial system
Students and small businesses with an annual turnover of less than R20m will receive payment holidays until the end of June
Move will strengthen group’s capital as well as liquidity, and ensure its sustainability in next months, group says
Successor to Investec Asset Management has no regrets about listing at a time of market turmoil and considerable fear worldwide
ARC joint-CEO Johan van Zyl talks to Business Day TV about group’s interim performance
