Investment Risk |

Hedge-Fund Owner Peregrine Considers Split to Boost Returns

JOHANNESBURG (Capital Markets in Africa) – Peregrine Holdings Ltd., the operator of South Africa’s oldest hedge fund, is considering a plan to split the company by using profits from its stockbroking and wealth-management units to create a new investment firm. The stock surged the most in a year. The company, which also owns half of advisory business Java Capital, has about 1.5 billion rand ($115 million) of surplus cash on its balance sheet that could be…

Vodacom Said to Mull Sale of Shareholding to Black Investors

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Vodafone Group Plc’s publicly traded South African unit is considering the sale of a 15 billion rand ($1.1 billion) stake in what would be one of the country’s biggest ever deals aimed at boosting black participation in the economy, according to two people familiar with the matter. Vodacom Group Ltd. plans to buy back part of the 12.47 percent stake owned by government-pension fund manager the Public Investment Corp., said…

Investment in Africa: Managing Currency Risk — Andrew Gillespie

Posted on by The Editorial Team

Volatility is not a new word for investors in Africa. Events of 2014 and this year across the continent highlight this – especially in the continent’s currency markets. Irrespective of the market, or country; be it via private equity, listed equity, fixed income, or underlying trade and capital flows – managing FX volatility and risk is a constant feature of the evaluation process. For most participants, it is often a frustrating, opaque and expensive exercise,…

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