
Prime
Collective Investment Schemes Management Company (Pty) Ltd
owns the collective investment scheme (CIS) registered
with the Financial Services Board in terms of the Collective Investment
Schemes Control Act No.45 of 2002.
Prime
CIS has secured investments of approximately R1.6bn from
various individuals, life companies and pension and provident
funds. It also provides CIS institutional and white label
solutions for various key clients.
Prime
Investment Management Services is the Manager of the Scheme
with Global Independent Administrators being responsible
for all administration services.
The
audit is undertaken by KPMG. ABSA Bank is the trustee and
custodian.
Definition
of Prime:
Prime
\'prim\ n [ME, fr. MF, fem. of prin first, L primus; akin
to L prior] 1 : first in time :ORIGINAL 2 a : having no
factor except itself and one <3 is a ~ number> b :
having no common factor except one <12 and 25 are
relatively ~> 3 a : first in rank, authority or significance
: PRINCIPAL b : having the highest quality or value <~
television time>