An intensified dispute over control of two municipal pension fund investment mandates has escalated. The fund terminated its investment management mandates with Mergence Investment Managers, a Cape Town-based asset management company, citing material discrepancies. Legal actions and calls for a class action lawsuit have followed, with accusations of an improperly constituted Board and irregularities in the termination process.

Sasol share price slumps amid operational challenges and global market pressures
Commenting on the retirement of longstanding Capitec CEO Gerrie Fourie and his replacement by Graham Lee, Radebe Sipamla, co-portfolio manager