GPS coordinates: lat: -33.978912 - lng: 18.462465

Cadiz Holdings Ltd Claremont

Address:

25 Protea Road, 7708 Claremont

Telephone:

+27 21 670 4600

Fax:

+27 21 670 4651

Description

The Cadiz culture is distinctly entrepreneurial, where self-management, empowerment and accountability of individuals is encouraged. The people are all highly energised team players.

In 1998 Cadiz acquired District Securities Bank from Investec Bank in exchange for equity. This transaction was a defining moment in the group’s evolution and gave rise to the listing of Cadiz Holdings on the JSE in April 1999. The share offer was more than 130 times oversubscribed and the listing was one of the most successful ever on the JSE.

Keywords

Financial Services, Strategy, Trading, Black Economic Empowerment, Acquisition, Mergers, Wealth Management, Business Valuations, Entrepreneurial, Structuring, Capital Raising, Corporate Restructuring, Fixed Income Markets, Cadiz Asset, Derivative Strategies, Performance-Related Incentives, Cadiz Securities

Company description

Cadiz entered the ranks of the top 10 fund managers in South Africa in late 2006 when it acquired African Harvest Fund Managers (AHFM) for R295 million. This acquisition trebled Cadiz’s assets under management. The African Harvest business has been successfully integrated into Cadiz and the enlarged fund management business has been rebranded as Cadiz Asset Management.
Cadiz leadership position in the derivatives market has been recognised in the authoritative Financial Mail analyst rankings, where the company has been rated as South Africa’s foremost derivatives research and dealing house for an unrivalled 14 consecutive years (Financial Mail Ranking The Analyst 2010).
Black equity ownership was introduced into the group in 2004 when empowerment group Makana Investment Corporation (MIC) acquired a strategic shareholding of 10% in Cadiz. MIC is owned and controlled by the Makana Trust, an organisation established at the behest of Nelson Mandela to cater for the needs of former Robben Island prisoners and their dependants.

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