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Public Investment Corporation
The Public Investment Corporation (PIC) is a South African state-owned entity (SOCNational Government of South Africa''Public Investment Corporation SOC Ltd (PIC)'' on www.nationalgovernment.co.za) with R2.339 trillion (USD 145 Billion) of assets under management as of 31 March 2022. It is Africa's largest asset manager. Established in 1911, it holds large stakes in several South African companies, and is one of the entities through which the government implements its policy of Broad-Based Black Economic Empowerment. The PIC is also responsible for investing the South African Government Employees Pension Fund (GEPF). History The organisation has its origin in 1911 with passing of the ''Public Debt Commissioners Act of 1911'', a year after the formation of the Union of South Africa. Known then as the Public Debt Commissioners, it would manage the government's debt, investing the government and South African Railways and Harbours trust funds and by 1924 had taken on the pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Rand
The South African rand, or simply the rand, ( sign: R; code: ZAR) is the official currency of the Southern African Common Monetary Area: South Africa, Namibia (alongside the Namibian dollar), Lesotho (alongside the Lesotho loti) and Eswatini (alongside the Swazi lilangeni). It is subdivided into 100 cents (sign: "c"). The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho and Eswatini, with these three countries also having their own national currency (the dollar, the loti and the lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976, when the pula replaced the rand at par. Etymology The rand takes its name from the Witwatersrand ("white waters' ridge" in English, ''rand'' being the Dutch and Afrikaans word for 'ridge'), the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. In Eng ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bond (finance)
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Pension Funds
In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociological concept of the ''Öffentlichkeit'' or public sphere. The concept of a public has also been defined in political science, psychology, marketing, and advertising. In public relations and communication science, it is one of the more ambiguous concepts in the field. Although it has definitions in the theory of the field that have been formulated from the early 20th century onwards, and suffered more recent years from being blurred, as a result of conflation of the idea of a public with the notions of audience, market segment, community, constituency, and stakeholder. Etymology and definitions The name "public" originates with the Latin '' publicus'' (also '' poplicus''), from ''populus'', to the English word 'populace', and in general denotes some mass population ("the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment In South Africa
The Economy of South Africa is the third largest in Africa and the most industrialized, technologically advanced, and diversified economy in Africa overall. South Africa is an upper-middle-income economy, one of only eight such countries in Africa. Following 1996, at the end of over twelve years of international sanctions, South Africa's Gross Domestic Product (nominal) almost tripled to a peak of US$416 billion in 2011. In the same period, foreign exchange reserves increased from US$3 billion to nearly US$50 billion, creating a diversified economy with a growing and sizable middle class, within two decades of ending apartheid. Although the natural resource extraction industry remains one of the largest in the country with an annual contribution to the GDP of US $13.5 billion, the economy of South Africa has diversified since the end of apartheid, particularly towards services. In 2019, the financial industry contributed US$41.4 billion to South Africa's GDP. In 2021, South Afr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1911
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Countries By Sovereign Wealth Funds
A sovereign wealth fund (SWF) is a fund owned (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and International Monetary Fund (IMF) reserve position held by central banks and monetary authorities, along with other national assets such as pension investments, oil funds, or other industrial and financial holdings. These are assets of the sovereign nations which are typically held in domestic and different reserve currencies such as the dollar, euro and yen. The names attributed to the management entities may include central banks, official investment companies, sovereign oil funds, among others. Some countries may have more than one SWF. Also, while the United Stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Airports Company South Africa
Airports Company of South Africa Limited (ACSA) is a partially state owned South African airport management company. Founded in 1993, ACSA operates nine of South Africa's airports. The company is headquartered at Aviation Park, Western Precinct Building situated at O.R. Tambo International Airport in Kempton Park, Gauteng, South Africa. History All of South Africa's airports used to be owned and operated by the state until 23 July 1993 when nine airports were reassigned to ACSA. ACSA was then owned by the South African Government through the Department of Transport. In 1998, Aeroporti di Roma bought 20% of ACSA's shares for R819 million. In 2005, the Public Investment Corporation, bought the 20% shares back from the Italian group. In 2006, ACSA was part of a consortium that won the bid to manage the Chhatrapati Shivaji International Airport in Mumbai, India. In 2012, ACSA signed a 20-year concession agreement to manage the São Paulo–Guarulhos International Airport in Brazi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victoria & Alfred Waterfront
The Victoria & Alfred (V&A) Waterfront in Cape Town is situated on the Atlantic shore, Table Bay Harbour, the City of Cape Town and Table Mountain. Adrian van der Vyver designed the complex. Situated in South Africa's oldest working harbour, the area has been developed for mixed-use, with both residential and commercial real estate. The Waterfront attracts more than 23 million visitors a year. History Prince Alfred, second son of Queen Victoria, visited the Cape Colony harbour in 1860 as a sixteen-year-old Royal Navy Midshipman on HMS ''Euryalus''. He made a big splash with the colonials on this first-ever visit by a member of the Royal Family. The first basin of the new Navy Yard was named after him and the second after his mother. On the 25 August 1998 the Planet Hollywood bombing took place at the (now closed) Planet Hollywood restaurant within the V&A killing 2 people and injuring 26 more. Outlets The complex houses over 450 retail outlets, including fashion, homew ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Pavilion (mall)
The Pavilion is the second largest shopping centre located in Westville near Durban and one of the largest in South Africa. The mall has gone through many phases of extensions. History The mall was developed in the early 90s and opened in October 1993 by Murray and Roberts, (now Concor Concor Holdings (Proprietary) Limited. is a South African construction and mining services company. It is active throughout Southern Africa, involved in mining, civil engineering, building and road projects. Concor returned as an independent br ...), to initially provide of shopping space. Subsequently, the centre has gone through six phases of expansion, the most recent of which was completed in 2014, bringing the floor space to just under . An additional expansion is planned for 2018. References Shopping centres in Durban Shopping malls established in 1993 {{mall-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cresta Shopping Centre
Cresta Shopping Centre is a shopping centre in Johannesburg, South Africa. It is located on the border of Northcliff and Cresta. It has gone through multiple extensions and refurbishments. The mall is owned by Pareto, a unit of the Public Investment Corporation The Public Investment Corporation (PIC) is a South African state-owned entity (SOCNational Government of South Africa''Public Investment Corporation SOC Ltd (PIC)'' on www.nationalgovernment.co.za) with R2.339 trillion (USD 145 Billion) o .... The original design of the shopping centre had a model train which would run through the centre of the shopping centre stopping at various places around the inner mall to allow passengers off. The train would then come out one of the entrances and around a loop. Turning the train around inside the centre was done on a giant turntable, which became more popular to watch than the train itself. The train was removed in approximately 1992. Cresta was built in 1977. The firs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Menlyn Park Highway.
Menlyn Park Shopping Centre is a large shopping mall in Menlyn, Pretoria, South Africa, owned by development company Pareto. It is designed around three spaces – the Food Court, the keyhole malls and focal points, and a large internal garden square surrounded by restaurants. Menlyn Park has a total lettable floor space of 177,000m², over 500 stores, 16 parking entrances, 12 parking exits and 8,250 parking bays. It is situated at the corner of Lois Avenue and Atterbury Road close to the N1 Johannesburg - Polokwane Polokwane (, meaning "Sanctuary" in Northern SothoPolokwane - The Heart of the Limpopo Province ... History Menlyn Park Shopping Centre named after the suburb in which it is located, was originally built in 1979. It was transformed and expanded in 1988 by Bild Architects. ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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