In the news today: Sanlam Investments acquires stake in Catalyst Fund Managers, ease of doing business in South African cities improves, and South African interest rate stays the same

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Sanlam Investments Holdings to acquire stake in Catalyst Fund Managers

Sanlam Investment Holdings through will acquire an approximate 69% stake in Catalyst Fund Managers (CFM), a specialist in managing listed real estate investments for retail and institutional investors.  READ MORE

Ease of doing business improves in South African cities, says World Bank

According to the World Bank’s 2018 Doing Business in South Africa report, South Africa’s largest cities have implemented reforms to improve some conditions for businesses, including electricity access and transferring property.  READ MORE

The future is in Africa, and China knows it

China is often accused of colonising Africa, but although the country can sometimes be predatory, its new wave of African investment bears little resemblance to the colonialism of the old days.  READ MORE

Life insurer John Hancock adds fitness tracking to all policies

North American life insurer John Hancock will no longer underwrite traditional life insurance policies. Instead, it will solely sell policies that require policyholders to use fitness trackers. READ MORE

South African interest rate unchanged

Yesterday, South African Reserve Bank Governor, Lesetja Kganyago, announced that the interest rate would remain unchanged at 6.5%. The prime lending rate has also remained the same, at 10%.  READ MORE