It was announced in late 4th quarter of last year (2023) that there are talks of merge of Anchor Group , the wholly owner of Anchor Capital , with a UK-based wealth and asset management company Credo, the transaction is touted to make a north of R230 Billion asset management and the entities will adapt a new name CACM Investement.

The good news for the involved parties is that the institution which is task to scrutinise transaction like this for monopolistic conflicts, Competion Commision , has given the merge the thumbs up to proceed.