WEBINAR: SA Champions – Brait the laggard as Naspers, Discovery, Glencore shine

JOHANNESBURG — The Biznews SA Champions portfolio was built on the Warren Buffett foundation of 'hold the stock forever'. Launched in January 2017, the portfolio has seen two company changes, with WBHO and Blue Label swapped out for Glencore and a doubling up on the Naspers stake. The portfolio now comprises eight stocks, the two mentioned plus Discovery, Brait, MTN, MediClinic, Investec and Steinhoff. The portfolio is up 5 percent year to date inclusive of costs, lagging the JSE Top 40 which is up 11% exclusive costs. Brait is the major laggard, off over twenty percent from when we included it in the portfolio. In this monthly update, Alec spends a lot of time explaining why it is offering even more value at current valuations. – Stuart Lowman

Let's just start with our view and it will come through a little bit more clearly as we go into the webinar. We believe that SA is being poorly managed economically. We believe that it's very unlikely with the current government that there is going to be much change in that focus and, as a consequence we think that the share price of SA, in other words, the SA Rand (ZAR), is going to be weaker over time. Although there will be all kinds of volatility in the short term, in the long term you need to ensure yourself against this continued decline in the value of the currency caused by poor economic management.

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