Johannesburg, South Africa’s economic heartbeat and one of the most diverse metropolitans on the continent, is facing a serious water crisis. This multifaceted crisis threatens not only the future of the city and its residents, but also the financial and operational stability of the country at large.
Blog Articles
Like many asset managers around the world, our office is furnished with a TV permanently tuned to Bloomberg — on low volume — from market
open to close. It adds to the asset manager vibe.
Bidvest’s interim results for the six months ended 31 December 2024 reflected the resilience of its diversified business model amid muted macroeconomic conditions, both locally and abroad.
Bidcorp’ s growth is driven by a combination of organic expansion
and targeted bolt-on acquisitions. The company is currently piloting
AI-powered micro-projects across markets to enhance efficiency
and improve margins across its vast product range.
When A2X began trading in 2017, many hailed it as the beginning of the end
for the Johannesburg Stock Exchange’s (JSE) dominance. Nearly a decade
later, the JSE continues to maintain its dominant market share in South Africa,
retaining its title as Africa’s largest stock exchange by market capitalization.
Sasol faced another challenging year in 2024, with the share dropping 55%. The company finds itself in a perfect storm. Issues
include low oil prices, feedstock challenges in South Africa, coal mining productivity issues, and various environmental concerns.
Our Moderate equity offering is currently overweight in the industrial sector, which has benefitted our performance over the
last six months. The fund has no exposure to pharmaceuticals, chemicals, or paper, and only selective exposure to telecoms.
Nampak, the leading manufacturer of beverage cans in South Africa, embarked on a remarkable turnaround story in 2024, led by renowned turnaround specialist Phil Roux.
It has been a tumultuous past year for Pick n Pay, with many investors unwilling to believe a turnaround can be achieved. The odds remain against Sean Summers and his team, but after the recent successful Boxer IPO, Pick n Pay is now ungeared with ample cash reserves and can thus finally embark on this journey to recapture some of its former glory.
Grindrod Group is a dynamic South African freight company specialising in end-to-end solutions for cargo moving through the corridors of Africa via road, rail, and sea. The company is a key investor in the Maputo Port Development Company with a 24.7% equity stake