Investec Unveils New Wealth Creation Avenue
Monday, March 29, 2010
Speaking to stakeholders at the unveiling of the CIU product range at GICC on Wednesday, Investec Managing Director Martinus Seboni said the fund manager had secured authorisation from the Non-Bank Financial Institution Regulatory Authority (NBFIRA) to offer the product range to individuals.
"It's been our wish to introduce our product range to individual investors because prior to this, we were dealing with retirement funds and corporates. Now that the regulator has authorised and approved our range, we are able to be here today. The road has been long and the process stringent.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....