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A unit trust is a form of collective investment constituted under a trust deed. A unit trust pools investors' money into a single fund, which is managed by a fund manager. Unit trusts offer access to a wide range of investments, and depending on the trust, it may invest in securities such as shares, bonds, gilts, [1] and also properties, mortgage and cash equivalents. [2] Those investing in ...
STANLIB's predecessor was incorporated in 1862 when the Standard Bank of British South Africa was founded in London. It became a South African bank in 1962. Life assurer Liberty Life was founded in 1957. The first unit trust was launched by Guardbank Management Corporation Ltd in 1970. STANLIB's formation was the result of the amalgamation of seven Standard Bank and Liberty businesses in May ...
Discovery Life Investment Services – Sandton, South Africa – 100% Shareholding – Offering unit trusts. Discovery Insure – Sandton, South Africa – 100% Shareholding – Offering motor vehicle, household and other short-term risk insurance in South Africa.
Allan Gray is an investment management firm headquartered in South Africa, established with the objective of offering a range of investments. [1] In addition to its primary location, the firm has expanded its operations to include offices in Botswana, Namibia, and Eswatini, reflecting its broader geographic reach within the region. It also works in collaboration with sister companies, Orbis ...
Coronation Fund Managers is a South African third-party fund management company, headquartered in Cape Town. [2] The company has locations in all South African major centers and offices in, Ireland, United Kingdom and in Namibia where it is represented by Namibia Asset Management a strategic partner. As of December 2019 the company had Assets under management of R578 billion.
They have been sanctioned by multiple countries for their activities, [13] [14] with investigations ongoing in both South Africa and the United States. Many prominent South Africans and politicians have been linked to the family's alleged corrupt activities, including members of the ruling African National Congress (ANC) party. The Gupta family has since fled South Africa and has been spotted ...
In South Africa, in addition to the traditional living trusts and will trusts there is a "bewind trust" (inherited from the Roman-Dutch bewind administered by a bewindhebber) [51] in which the beneficiaries own the trust assets while the trustee administers the trust, although this is regarded by modern Dutch law as not actually a trust. [52]
Old Mutual Limited is a pan-African investment, savings, insurance, and banking group. It is listed on the Johannesburg Stock Exchange, the Zimbabwe Stock Exchange, the Namibian Stock Exchange and the Botswana Stock Exchange. It was founded in South Africa by John Fairbairn in 1845 and was demutualised and listed on the London Stock Exchange and other stock exchanges in 1999. It introduced a ...