News24 covers the legal action between Mergence Investment Managers and the Municipal Employees Pension Fund – whose administrator is Akani – mentioning arguments put forward by both parties. Mergence is disputing the purported termination of investment mandates by the MEPF and has also laid a complaint with the Financial Sector Conduct Authority which had already served a S26 notice on the MEPF, which is being taken by the latter on appeal.
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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