The insurance group, which is the second biggest in the country after Sanlam, said sales in its biggest division, the Mass and Foundation Cluster, were down around 90% in April.
“The year ahead will be challenging. And (the) impact of COVID-19 will be protracted,” Fani Titi, Investec’s Chief Executive said during a media call after its results.
Since then, countries with strict confidentiality status have experienced changes and today firms appreciate that HNWIs have become more tech-savvy and are seeking access to information, instantly and accurately.
Crazy phenomena like negative oil prices will keep popping up over the coming months warns our chief investment officer Julian Chillingworth. Investors will ignore most of it, but when they do panic, stocks could return to their March lows.
The first bridge to cross for operating non-bankable assets in a wealth management frame is to value them ex-post accurately, which is to be able to provide a reasonably accurate estimate of their price today.