Agencies paid to assess the level of risk of investments and rate them accordingly have come under the microscope, following the sub-prime crisis in the United States. In the wake of a collective investment fund collapse in South Africa, they are being questioned here too.>>>
The Government Employees Medical Scheme (Gems) recently signed up its one millionth beneficiary and continues to grow strongly, with 500 new applications to the scheme each day.>>>
A large number of investors in money market funds have clearly been spooked following last week's Personal Finance report on the collapse of money market-type cash manager Corporate Money Managers (CMM), and its Cash Managed Fund (CMF), under the headline "Money market investments may not be as safe you think".>>>