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Absa to sell asset management unit to Sanlam? By Banele Ginindza Share JOHANNESBURG - A DEAL by South Africa s banking conglomerate Absa to offload its Asset Management Unit to Sanlam hinted at this week could create a R900 billion mammoth to chafe the heels of the Public Investment Corporation. There were no confirmations of the deal by either parties this week but analysis pondered whether the offering would also include the lucrative Money Market Fund. Absa had by the end of last year about R270 billion under the management of its Asset Management wing. Absa is reported to be mulling the decision, citing risk to its business due to clients belief its investments “held the same degree of safety as cash in a savings account”.

South africaPatrice motsepeMoney market fundPublic investment corporationAsset management unitPublic investmentMoney marketAsset managementAfrican rainbow capitalJason quimRainbow capitalபணம் சந்தை நிதிபொது முதலீடு நிறுவனம்சொத்து மேலாண்மை அலகுபொது முதலீடுபணம் சந்தை