Company News & Results / General

Launch of the Graduate Institute of Financial Sciences a game-changer for the financial services industry

The launch of the Graduate Institute of Financial Sciences (GIFS) in Johannesburg last night (5 April 2019) is a significant milestone for South Africa’s Financial Services Sector. The institute is a re-brand of Masifunde Training Centre (MTC), a multiple award-winning boutique, financial services education provider that has served the insurance and banking industry with distinction over the past 14 years.

Guardrisk launches next phase of its evolution

Tracker attains 52.35% black ownership

A change of ownership structure at Tracker has enabled the company to attain 52.35% black ownership status. Tracker has obtained a full score of 25/25 on the ownership pillar of the ICT scorecard. The company has also achieved the full score of 2 (2.66%) for ownership by black new entrants.

JSE delivers resilient results

Despite macroeconomic challenges both globally and locally in 2018, the JSE Limited (JSE) has delivered resilient results. Today, the biggest, multi-asset class stock exchange in Africa reported group earnings growth of 8% to R904 million (compared to a 9% decline in 2017 to R836 million) for the year ending 31 December 2018. This follows a 1% increase in revenue to R2.28 billion (compared to a 5% decline in 2017 to R2.27 billion) and a 1% contraction in operating costs to R1.35 billion (compared to a 4% contraction in 2017 to R1.36 billion).