Alec Hogg: Woke starting to go broke

Another development occupying rational minds is the explosion of "wokeness." It is already much in evidence in SA - as Zille explains in her latest book.

Published on:

06 Sept 2021, 5:51 am

Among many interesting conversations at last week's BizNews Investment Conference was one with a China Bull. My BizNews tribesman is not buying the latest warnings, primarily because he has made a fortune through Dawid Krige of Cederberg Capital, who I spent some time with in London three years back. He is also enamoured by Swiss-based contrarian investor Rob Vinall another who apparently regards the latest Chinese shocks as a buying opportunity.

At the risk of getting an eggface by taking on these top performing money managers, it's also true that to a hammer, everything looks like a nail. Krige's business is 100% focused on investing in Chinese stocks. Vinall's on buying what everyone else is selling.

For South Africans, the argument is relevant. Because of their heavy portfolio weighting on the JSE, most local money managers have significant slices of their portfolios – mostly deep into double digits – invested in Naspers/Prosus whose share prices are determined by China's tech champion Tencent.

___STEADY_PAYWALL___

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Alec Hogg