Novare in the News and Press Releases

Novare news

Novare impact fund aims to raise R2bn over next year

NNovare Impact Investment Partners, a subsidiary of financial services group Novare Holdings, plans to raise R2bn in capital for investments spanning the renewable energy, agriculture and manufacturing sectors.

Proposed amendments to Regulation 28 of the Pension Funds Act: what this means for workers’ pensions

Simply put, Regulation 28 of the Pension Funds Act governs the way managers of pension funds invest in various asset classes, to safeguard workers retirement savings against risky investments.

The Novare Mayibentsha Moderate Qualified Fund of Hedge Funds scoops prize at the prestigious HedgeNews Africa awards 2020

Novare Investments, a subsidiary of Novare Holdings which is a premier African investment solutions provider, won the coveted Fund of Hedge Funds (FoHF) category at the annual HedgeNews Africa Awards 2020 digital ceremony, held on 4 March 2021.

Protecting workers’ savings in scramble for infrastructure investment

Amidst a resurgence in the debate about whether retirement funds should invest more in infrastructure, it’s worth remembering that the first duty of funds and their trustees is to the members whose money they are tasked to protect and grow.

The Reserve Bank eases monetary policy again to support growth

SA Reserve Bank Governor, Lesetja Kganyago, announced this afternoon that the monetary policy committee (MPC) had decided to maintain its accommodative stance by lowering the repo rate by an additional 25 basis points (bps) to a record low of 3.50%.

Novare sees growth in hedge fund assets

Against a backdrop of volatility in both the global and domestic capital markets, the latest Novare hedge fund survey shows that after two successive years of steady decline, the industry AUM has increased to R52.8 billion during the 12-month period to end-2019, constituting growth of 12%.

Significant downside risk remains in volatile equity markets

Despite the recovery in share prices globally and in South Africa following the sharp sell-off in March, it is evident that significant downside risk remains due to muted consumer demand, distressed companies, and consensus of a global recession amidst no clear timeline for a return to normality.

Downside risks remain for equities says Novare

Despite the recovery in share prices globally and in South Africa following the sharp sell-off in March, it is evident that significant downside risk remains due to muted consumer demand, distressed companies, and consensus of a global recession amidst no clear timeline for a return to normality.

Inflation falls to a 15-year low, but might not herald further interest rate cuts

As expected, inflation as measured by the consumer price index (CPI) fell again in May, reflecting the decline in fuel prices as well as the impact on the economy of lockdown measures introduced to curb the spread of Covid-19.

Finding value in SA’s markets

Despite the recovery in share prices globally and in South Africa following the sharp sell-off in March, it is evident that significant downside risk remains due to muted consumer demand, distressed companies, and consensus of a global recession amidst no clear timeline for a return to normality.

Novare finishes construction at Twin Palms mall in Zambia

South Africa-based private equity group Novare Equity Partners on Wednesday announced that the second phase of the Novare Twin Palms mall, in Zambia, has opened for business. The mall now has 12 000 m2 of prime retail space.

Expect wild swings in asset prices to continue on elevated market risk

As countries globally continue to count COVID-19 infection rates and mortality figures attributable to the pandemic, the elevated level of risk being experienced in financial markets may be sustained for periods longer that initially envisaged - leaving investors vulnerable to volatility and implying that decisions to enter or exit markets might be postponed until more stable conditions return.

Expect wild swings in asset prices to continue

As countries globally continue to count COVID-19 infection rates and mortality figures attributable to the pandemic, the elevated level of risk being experienced in financial markets may be sustained for periods longer that initially envisaged – leaving investors vulnerable to volatility and implying that decisions to enter or exit markets might be postponed until more stable conditions return.

Prepare for resurgent property markets in Africa

Despite current circumstances - dominated by the human and economic cost of Covid-19 - the African real estate investment cycle will return to its long-term trajectory of accelerated development, driven by economic fundamentals and demographics.

Monetary policy response to mitigate Covid-19 leaves pensioners in the lurch

While recent interest rate cuts have been welcomed by business and cash-strapped consumers whose debt will cost less, pensioners dependent on interest earned from savings will suffer a significant decline in income - especially with further rate cuts on the cards.

Novare blog

PLAYING THE VOLATILE RAND TO BUILD A SUSTAINABLE OFFSHORE ESG PORTFOLIO

Jacobus Brink, head of investments at Novare Holdings, looks at how investors can use the rand’s gains this year to build a global ESG portfolio and benefit from an upsurge in demand for sustainable assets The rand’s rally to a two-year high earlier this year was reason enough for investors to move more money abroad.…

THE NOVARE MAYIBENTSHA MODERATE QUALIFIED FUND OF HEDGE FUNDS SCOOPS PRIZE AT THE PRESTIGIOUS HEDGENEWS AFRICA AWARDS 2020

Novare Investments, a subsidiary of Novare Holdings which is a premier African investment solutions provider, won the coveted Fund of Hedge Funds (FoHF) category at the annual HedgeNews Africa Awards 2020 digital ceremony, held on 4 March 2021. The flagship Novare Mayibentsha Moderate Qualified FoHF is a qualified investor fund which was originally established in…

DIVERSIFIED MULTI-MANAGER FUNDS CAN OPTIMISE RETURNS

27 November 2019 The fact that most active fund managers fail to achieve their requisite performance benchmarks adds hugely to the complexity of the task faced by retirement fund trustees and other investors in determining where to invest members’ money to enhance returns. Benedict Mongalo, Chief Investment Officer at Novare Investments, argues that multi-manager funds…

LUSAKA’S VIBRANT RETAIL SECTOR GETS A BOOST WITH THE OPENING OF PHASE TWO OF NOVARE TWIN PALMS MALL

The city’s newest shopping and lifestyle destination The second phase of the Novare Twin Palms mall in Zambia’s capital, Lusaka, has opened for business. Now with 12 000-square metres of prime retail space, the centre adds another dimension to Lusaka’s dynamic retail sector – as well as greater choice and convenience for the shopping public.…

NOVARE MAYIBENTSHA MARKET NEUTRAL QUALIFIED FUND OF HEDGE FUNDS VOTED BEST MULTI-STRATEGY FUND OF HEDGE FUNDS AT PRESTIGIOUS HEDGENEWS AFRICA AWARDS 2019

25 February 2019 Novare Investments, one of South Africa’s leading independent financial service providers, has received the award for the best Fund of Hedge Fund in the Multi-Strategy category for its Novare Mayibentsha Market Neutral Qualified Fund of Hedge Fund (FOHF) at the prestigious annual HedgeNews Africa awards. Now in their 10th year, the awards…

WHY EVERY INVESTOR SHOULD THINK ABOUT ADDING OFFSHORE INVESTMENTS TO THEIR PORTFOLIO

25 April 2016 The recent volatility of the rand, with experts predicting further weakness, as well as extended low growth in local markets, has led many investors to cast their eyes offshore. No investment should be made on sentiment or emotion alone, so what exactly constitutes a considered approach to offshore investing? “Short-term currency fluctuations…

HEDGE FUND MYTHS BUSTED

23 November 2016 Despite the misconception that hedge funds are risky investments, South African-based funds are in fact relatively conservative. Interestingly, many South African investors still perceive hedge funds as the riskier investment when compared to other more traditional and more familiar investment vehicles/ strategies. According to the Alternative Investment Management Association (AIMA), proof points…

THE BENEFIT OF HEDGE FUNDS IN AN INSTITUTIONAL PORTFOLIO

22 March 2016 Hedge funds are some of the most misunderstood investment funds in the asset management industry. This is due to certain misconceptions which include alternative tools available to hedge fund managers and certain operational failures which would be labeled as hedge fund failures blowouts, these funds are perceived as risky with little investor…

THE EVOLUTION OF THE SOUTH AFRICAN HEDGE FUND INDUSTRY AND WHAT IT MEANS TO FINALLY BE REGULATED

2 March 2016 The first hedge fund was founded by Alfred Winslow Jones in 1949 upon realising that he could effectively use two tools – short selling and leveraging – to protect his portfolio of shares in a falling market. Since then, the global hedge fund industry grew in magnitude and now encompasses multiple strategies…

NOVARE LAUNCHES SOUTH AFRICA’S FIRST RETAIL HEDGE FUND

2 February 2016 Independent investment pioneers, Novare, is proud to announce the launch of South Africa’s first retail fund of hedge funds product. While hedge funds were previously only available to institutional investors, Novare now offers access to financial advisors and individual investors. Eugene Visagie, Head of Hedge Fund Investments at Novare says that this…