Pension Funds |

Africa’s Biggest Fund Manager Suspends Key Officials

JOHANNESBURG (Capital Markets in Africa) – South Africa’s Public Investment Corp., the continent’s biggest money manager, said it has suspended two employees after an investigation into a transaction with Ayo Technology Solutions Ltd. The PIC suspended Fidelis Madavo, the head of listed investments, and Victor Seanie, an assistant portfolio manager, the Pretoria-based fund manager said in a statement. Madavo gave evidence Tuesday before a commission that’s probing allegations of impropriety at the institution, saying there was…

RisCura’s Bright Africa report: Africa its own biggest investor

Posted on by The Editorial Team

Johannesburg, South Africa, Capital Markets in Africa — African pension fund capital has reached $340bn and is growing rapidly. In addition, increasing adoption of insurance around the continent is causing insurance company investment portfolios to grow, and they are now estimated to be around $270bn. These figures come from the Bright Africa 2015 report, released today by RisCura, which looks at the drivers, enablers and managers of investment on the continent. Rory Ord, principal at RisCura…