Latest news with #Stanlib
Bloomberg
05-08-2025
- Business
- Bloomberg
Scatec, Stanlib JV Lyra Gets South Africa Power Trading License
Lyra Energy, a renewable energy platform supplying power to industries, has been granted an electricity trading license in South Africa. The venture between Scatec ASA and Stanlib Asset Management Pty Ltd., with Standard Bank Group Ltd. as a debt funder, was awarded the license by the National Energy Regulator of South Africa, Lyra said in a statement.
IOL News
24-07-2025
- Business
- IOL News
Financial adviser debarred after using cousin's signed documents to steal R300,000 from her investment account
A former financial service provider was debarred after she took R300,000 from her cousin's investment account without her knowledge. A former financial service provider at Accredinet Financial Solutions was debarred after she took R300,000 from her cousin's investment account without her knowledge. In August 2024, Accredinet made the decision to bar Danielle du Plessis from providing financial services due to her failure to demonstrate honesty and integrity. She used previously signed documents to carry out a transaction on Mellisa Khan's Stanlib investment account, transferring R300,000 into her own account and utilising the funds for her personal gain. The company became aware of du Plessis's scheme in August 2024 after Khan wrote an email to Accredinet employee, Christine Edwards asking that her cousin is denied access to her accounts. "Please can you urgently stop any access by adviser Danielle du Plessis to my investments as I have become aware that she has been withdrawing funds from my investments without my knowledge or consent using my electronic signature... "Danielle du Plessis is my cousin and I trusted her and her financial advice completely, but I have never given her my banking password or pin, nor have I ever used an electronic signature. I became suspicious when I asked her repeatedly for tax certificates that were not forthcoming. "Furthermore, she advised me to move R300,000 on March 6, 2024, from my Stanlib investment to a new Sanlam Glacier through Accredinet, which I have subsequently confirmed with Sanlam Glacier that such an investment does not exist. I am using this email as I believe that she has hacked my email address as well," read the email. Without hesitation, Edwards called du Plessis informing her about Khan's allegations and during the conversation, du Plessis confirmed that she was related to Khan and said the money was a loan which she intends to pay back. She went on to explain that she was facing some financial challenges and was looking to purchase a car. Khan agreed to let her withdraw a portion of the R300,000 that was originally meant for investment in the Sanlam Glacier. She explained that the agreement fell apart after a family matter arose, leading to Khan's frustration upon discovering that she had taken all the money. Khan then demanded that all the funds be returned within two weeks, a request that du Plessis indicated she was unable to fulfill. However, her explanation was not satisfactory as Khan never signed the documents releasing the money.
Bloomberg
06-05-2025
- Business
- Bloomberg
Standard Bank's Asset Manager Eyes East Africa Growth
Africa's biggest bank plans to grow the market share of its asset management business in East Africa to take advantage of the continent's fastest growing region. Standard Bank Group Ltd. intends to scale up its fund management units in Kenya and Uganda, started in the past two years, to become 'real competitors,' said Derrick Msibi, head of asset management at the lender and chief executive officer of Stanlib Asset Management Pty Ltd.
