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Kokkie Kooyman on Remgro selling 40m shares of FirstRand

Kokkie Kooyman on Remgro selling 40m shares of FirstRand
The FirstRand share price dropped 4% to R51 a share on Friday. Kokkie Kooyman, a banking analyst at Denker Capital, joined the BizNews Power Hour to share his analysis and said it is not a requirement to announce these changes as it is a fairly small transaction.
Kokkie Kooyman on Remgro’s sale of 40 million FirstRand shares:
It’s actually a fairly small transaction for Remgro and FirstRand, which at the last set of Remgro results, represented more or less 9% of earnings. In terms of market cap, the sell price is roughly 4% or 5%. I think it’s part of what they started many years ago and last year also, with a further unbundling of RMBH. But I think what is more important here for investors, is that we see this as a global phenomenon – not only in South Africa – that the days of conglomerates are basically numbered. ....

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Touchstone Investments Announces Purchase Agreement to Acquire Select Retail Mutual Fund Business Assets from AIG Life & Retirement

Touchstone Investments Announces Purchase Agreement to Acquire Select Retail Mutual Fund Business Assets from AIG Life & Retirement
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CINCINNATI, Feb. 8, 2021 /PRNewswire/ Touchstone Investments and AIG Life & Retirement, a division of American International Group, Inc. (NYSE: AIG), announced today that Touchstone Investments, a wholly owned subsidiary of Western & Southern Financial Group, has agreed to acquire select assets of AIG Life & Retirement s Retail Mutual Funds business.
AIG s Retail Mutual Funds business manages $7.8 billion in assets across 18 mutual funds as of Dec. 31, 2020. Under the terms of the purchase agreement, 12 of those funds – with approximately $7.5 billion in assets – will be reorganized and merged into either existing Touchstone funds or into newly created Touchstone funds. After the reorganizations, the funds will be advised by Touchstone Advisors, Inc. ....

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The Penn Mutual Life Insurance Company Announces New Managing Partners

The Penn Mutual Life Insurance Company Announces New Managing Partners
Appointments continue company s commitment to attracting and retaining top talent
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HORSHAM, Pa., Jan. 27, 2021 /PRNewswire/ The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, announces the recent appointment of new managing partners in three of its Career Agency System offices. These appointments include two internal promotions affirming the company s commitment to developing leaders within the organization.
Clint Hall was named Managing Partner of the Boston area agency, Concord Wealth Management, after serving as interim managing partner since July 2020. A 22-year industry veteran, Hall has spent the past 17 years with Penn Mutual s Connecticut agency, most recently as Managing Director, where he created The Private Label Playbook. Hall graduated from the University of Delaware with a Bachelor of Arts de ....

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Priscilla Wasn't the First Teenager Elvis Presley Pursued, Biographer Claims, But Not Necessarily for Sexual Relations

Priscilla Wasn't the First Teenager Elvis Presley Pursued, Biographer Claims, But Not Necessarily for Sexual Relations
cheatsheet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cheatsheet.com Daily Mail and Mail on Sunday newspapers.

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CNN Reliable Sources June 30, 2013 15:25:00

The food network rushed to judgment against a certain woman of a certain age who admitted past mistakes? well, i think again what troubles me and troubles a lot of people about the situation isn t that she used one word in 1986. there is a sense during the deposition that she s trying to shrug off the implications of using the word even in jokes, even later. she s doing that because she s the subject of a lawsuit where her brother has been accused of also creating this environment. so who knows where the truth lies here in terms of her using the n word. but i think there s a larger question about what she allowed to happen at her restaurants and about how she s dealing with it in this lawsuit. then there s also, you know, this idea she s represented sort of the glamour of southern life. she s represented a style of cooking that s descended from black slaves. it s descended from black people. some people feel that she hasn t consistently or she hasn t ....

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