The asset manager has reported continued growth of its retail business and continued strong demand for exchange-traded funds
Sygnia, the asset manager cofounded by Magda Wierzycka, says it turned in a record financial performance for its half-year to end-March, with profits up almost a third amid continued interest in its exchange-traded funds as well as growth in its retail business.
Assets under management and administration fell slightly during the six months, but grew 6.1% year on year to R295.3bn, the group reported on Tuesday. Profit rose 31.5% to R139.1m, allowing the wealth manager to raise its dividend 45.5% to 80c. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pam & Tommy | ChannelThis mini-series boasts a remarkable performance by Lily James as Pamela Anderson.
Read more »
MultiChoice share price hammered as profits stallDStv owner MultiChoice has announced that it expects to report low profit growth this financial year.
Read more »
Local tech start-ups get R2.5m windfallAlphaCode awards R2.5 million and support to tech start-ups founded during the pandemic. start-ups SME innovation
Read more »
Double-digit dividend growth likely for Sirius amid robust industrial demandThe business-park owner expects its dividend to rise as much as 16.5% in its year to end-March, and has recently reported strong rental growth
Read more »
RAEL LEVITT: Entrepreneurs most need a government that keeps out of their wayUntil the government works out how it can assist start-ups, the best it can do is keep out of the way
Read more »
Rafael Nadal wins 14th French Open to extend Grand Slam record | The CitizenThe Spanish icon took his record at Roland Garros to 112 wins against just three losses.
Read more »