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Cadiz activities are housed in two business segments
These are Cadiz Asset Management, and Investments & Capital
(Cadiz Corporate Solutions, BNP Paribas Cadiz Securities and Makana
Investment Corporation).
The Cadiz culture is distinctly entrepreneurial, and demands
independent but responsible thinking and accountable
self-management to deliver innovative, practical and efficient
solutions. High-performance and innovation are the cornerstones of
Cadiz, driven by proven specialists with extensive experience and
world-class academic training.
1993
Cadiz was established as a financial services
company focusing on derivative financial instruments, mostly
futures and options and succeeded in attracting a small but
high-powered group of financial specialists to the team. Many of
the key players who joined at Cadiz's inception, are still with the
company today.
1999
Cadiz Holdings listed on the JSE in April, with the
share offer more than 130 times oversubscribed, making it the best
listing of the year and one of the most successful listings in the
history of the JSE.
2003
Cadiz acquired Prodigy-Coris Asset Management,
doubling its asset base.
2004
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 ex-political
prisoners and their dependants.
2006
Cadiz entered the ranks of the top ten fund managers
in South Africa by acquiring African Harvest Fund Managers (AHFM).
This acquisition trebled the Cadiz asset base at the time and
established the group as a sizeable competitor in the wholesale and
retail asset management markets. The African Harvest business was
successfully integrated into Cadiz and the enlarged fund management
business was rebranded as Cadiz Asset Management.
2010
Makana Investment Corporation (MIC) increased its
effective shareholding in the company to 15% following the
acquisition of a further 5% stake in the
business.
2011
France-based BNP Paribas (BNPP) and Cadiz Holdings
joined forces when BNPP acquired a 60% interest in the Cadiz
Securities Business. Having combined their respective strengths,
the new business, BNP Paribas Cadiz Securities, will market and
sell South African equity products to institutional investors in
South Africa and abroad.
BNP Paribas is one of the world's strongest banking
and financial services groups. With headquarters in Paris, the BNP
Paribas Group has operation in more than 80 countries and over 200
000 employees across Europe, North America and
Asia.
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 15
consecutive years (Financial Mail Ranking The Analyst 2011).