Magnus Heystek: Invest offshore or die! Even rockstar fund manager gives up on SA
Columnist and financial advisor Magnus Heystek updates the case for how, why to invest offshore and notes that the JSE is shrinking.
Columnist and financial advisor Magnus Heystek updates the case for how, why to invest offshore and notes that the JSE is shrinking.
Financials released yesterday by “Trust Is Earned” asset manager Coronation also explain a share price that’s halved in the past year.
Analyst Ryk de Klerk puts the PIC under the microscope and finds that the PIC would be an exciting proposition for investors if it were to list.
Investec Asset Management announced the appointment of Duane Cable to its global Quality team, led by Clyde Rossouw and Simon Brazier.
Apart from significant diversification benefits, a Fund of Funds (FoF) solution offers a particular advantage for investors seeking tax efficiency, writes Magnus Heystek Jr.
Alec Hogg was joined on CNBC Africa’s Power Lunch by Sasfin’s David Shapiro. Hogg and Shapiro analyse companies in the spotlight today: Tiger Brands, Redefine International and ArcelorMittal.
I met Peter Armitage in the early 1990s when the young chartered accountant decided to switch from auditing to Investor Relations and work for my dear friend the late David Carte. They had  fun together and Carte always spoke highly of Armitage, but knew he was always destined for more than building reputations of others. Highly … Read more
Last week Wednesday, on the 6th of August, African Bank released a quarterly update, which included a cautionary announcement expecting full year losses of $600m as well as the news that Leon Kirkinis Abil’s CEO for 23 years would be stepping down with immediate effect. A frenzy of action ensued as investors, speculators and affected … Read more
JSE chief executive Nicky Newton-King is bucked at the comfort with which the exchange’s trading engine handled more than 30 intra-day auctions during hectic trade in Abil shares last week. She also answers the tough questions about Coronation’s dumping of 170m shares – and whether the JSE Surveillance team will be investigating insider trading. Perhaps … Read more
By Alec Hogg As the story behind the Abil meltdown emerges, it’s an unflattering tale for the country’s two biggest investment houses. As David Shapiro mused in an insightful interview on Biznews last night, the reputational damage will be considerable. It’s now clear that Coronation, which owned just over 20% of Abil’s total equity on … Read more