As we write this report, the third quarter of 2025 has just drawn to a close. With most of the year behind us, we now have a clearer view of the key events and drivers that have shaped markets so far, but also the early signs of trends that may shape what comes next.
Blog Articles
After a year dominated by precious metals, particularly Gold and PGMs, the resources sector is beginning to show early signs of rotation towards diversified miners and base metals. While this transition remains tentative, it has started to reflect in both equity performance and positioning, as investors look beyond defensive havens toward cyclical recovery themes.
Sappi stands out as one of the most compelling turnaround stories in the Resources sector and is a new overweight in the funds.
Old Mutual recently reported a strong set of interim results, boosted by an exceptional performance from the short-term insurance business.
CA Sales Holdings is a fully integrated fast-moving consumer goods (FMCG) distribution, merchandising, and warehousing business operating across Southern and Eastern Africa.
Who’s Next? The High Stakes of CEO Succession in Banking
On the outskirts of every South African city, beyond winding roads and city lights, lies vast mountains of waste we have used and discarded.
When we talk about environmental risk, climate change tends to dominate the conversation. Carbon footprints, greenhouse gas emissions, and net-zero targets fill sustainability reports and shareholder updates.
While we acknowledge that commodity price forecasting is inherently uncertain, we believe that factors within management’s control point to a stronger FY26, with the potential for operational recovery and renewed investor confidence.
Pre-2020, The Foschini Group’s dividend story was one of consistency, anchored by steadily growing earnings and a solid cash flow profile. In fact, from 2011 to 2019, the payout ratio grew phenomenally from 34% all the way to 69% before Covid-19 put an end to a very return accretive party for shareholders.