Citywire reports on the contested termination of the Mergence Investment Managers investment mandates by a major pension fund, now under legal review and reported to the FSCA. A Section 26 notice was issued to the fund’s administrator, citing an improperly constituted board of trustees. This notice, served before the termination of the Mergence mandates, adds validity to the Mergence claim.

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