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The objectives behind the process and the benefits are fairly obvious, says Turpin. In December 1996 there 100 funds, total there are over 1000 funds, so there is a need for some classification.
Standard Bank has launched the next phase of their broad-based BEE initiative, with plans to begin identifying some 250 SMEs that will ultimately become beneficiaries of the Tutuwa Community Trust.
We know that relying on past performance alone to select a fund manager is likely to produce disappointing results.
He lists several positives making Nairobi an increasingly attractive proposition as a financial services base.
Would you willingly give up your medical scheme membership under a fully implemented NHI?