This Citywire article reports on Mergence Investment Managers’ appeal to the FSCA to investigate an estimated R1.68 billion in ‘excessive’ administration and property management fees paid by their former client over the past six years to their fund administrators.
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Absa CEO Arrie Rautenbach steps down as the group’s valuation continues to lag that of its peers
Commenting on Absa’s results and the surprise announcement of CEO Arrie Rautenbach stepping down, Mergence Senior Analyst Radebe Sipamla said