17 February 2012 13:33
HONG KONG - The debate over whether it is better for financial advisers to earn fees or commission for selling investment products has been reignited following the collapse of a high profile fees-for-financial-advice business in Asia.
Ipac, behind the concept of financial planning or coaching through its exclusive intellectual property licence to Old Mutual-owned (JSE: OML) acsis in South Africa, recently announced it is...
13 February 2012 12:43
HONG KONG - As the Chinese packed away dragon-style decorations and swept up firecracker debris after a two-week Lunar New Year party this week, the Beijing government was swiftly implementing measures to add fuel to the economy. It is set to be a tougher year for Africa's most important trading partner, with pain in store for many business operators and investors.
The International Monetary Fund (IMF) warned this week that gross domestic product for China could easily be four percentage points lower than its base case of 8.2%. Some say the IMF view is too bleak, too Eurocentric and that China will...
07 February 2012 03:51
China has promised more gifts for Africa in the Year of the Dragon. But, behind pledges of food and financial aid, skills development, assistance with building infrastructure and win-win economic ties, lies a cunning strategy to become more politically powerful by convincing us all its intentions are noble. This is revealed in a close inspection of China's African Policy.
And, although China derides western powers for exploitative behaviour in the developing world, China's Africa strategy appears to be taken straight out of a book written by influential international relations theorist Joseph Nye, a trusted...
30 January 2012 10:02
Orbis, part of South Africa's highly rated Allan Gray investment management organisation, is betting big that Chinese consumers will spend increasing amounts of time and money on the internet. It is holding a massive chunk of Nasdaq-listed Sohu (NASDAQ: SOHU), a Chinese internet stock that many large international fund managers have shunned.
Orbis Funds are the second-largest shareholder in Sohu, owning about 18% of the company, after Sohu chairman and CEO, Charles Zhang, who had a 20% stake, as of 31 December. Sohu was the third-largest holding in the Orbis Asia ex-Japan Equity Fund, which had about US$1,273m in assets under management.
Sohu...
20 January 2012 02:56
One of the ANC government's biggest embarrassments is its abject failure to provide a high quality education to prepare young citizens for an economically productive adult life. Now it has strengthened ties with China, South Africa would surely do well to follow many of its big brother's examples on the educational front.