Prescient Management Company (RF) (Pty) Ltd (PManco) has appointed Kim Gibb as its Chief Executive Officer (CEO), effective November 2023. She will be replacing outgoing CEO Meyer Coetzee who has taken on a new strategic role within the wider Prescient group.

At a time when investors are increasing allocating to passively managed strategies at the expense of active, the tables could be set to turn.

As expected, Consumer price inflation accelerated further in October, to 5.9% year-on-year, compared to 5.4% in September. Inflation has steadily crept higher after the July trough of 4.7% and is now uncomfortably close to the upper limit of the SARB’s target range.

Helen Jewell - CIO, BlackRock Fundamental Equities, EMEA, discusses the outlook for equity markets against the backdrop of continued macroeconomic turbulence.

Statistics South Africa (Stats SA) reported headline inflation (CPI) at 5.9% year-on-year (y/y) for October 2023, a surprisingly large jump from the 5.4% figure reported for September 2023.

So perhaps you know what AI stands for, but now you want to know a little bit more – what makes it different, for instance, from being just another search engine, like Google? How could AI affect our daily lives? And very importantly for those thinking about their life savings from time to time: what are fund managers thinking about the investment opportunities arising from this development?