Articles by 'Ince Connect'
Peregrine Cushioned by Citadel
Peregrine owns a number of diversified financial services businesses, including wealth manager Citadel Holdings, Peregrine Capital, Stenham, and SA Alpha. It also owns 50% of independent corporate advisory house Java Capital. The Group said a 12% increase in ongoing Segmental headline earnings to R166 million was largely due to a strong performance from Citadel, which delivered a countercyclical performance in tough market conditions.Read More
The financial services group says the higher capital requirement of its securities businesses are out of kilter with its other divisions. Peregrine has announced plans to sell its securities businesses to a consortium of black investors led by management at Legae Securities. The deal will create a new black-owned and controlled securities business with meaningful women ownership.Read More