2024 – Camissa Asset Management

25 November 2024

Raging Bull Awards: recognising top asset managers over 5 years – IOL

The past five years have seen various funds and managers come to the fore in the annual Raging Bull Awards, which recognise outstanding performance by asset managers offering unit trust funds to retail investors. While large established firms such as Ninety One (previously Investec Asset Management) and PSG featured strongly, smaller, so-called “boutique” managers stole the limelight in many instances. view article

19 November 2024

The PM of this R5.8bn fund explains its ‘dramatic’ asset allocation changes – Citywire

Since the South African elections at the end of May, the fund has cut SA fixed income and equity exposure while increasing cash and global equity holdings. Gavin Wood, chief investment officer for Camissa Asset Management, provided insight during a webinar last week. view article

30 October 2024

OPINION | Gritty comeback in store for SPAR? – Media24

SPAR has seen a perfect storm of problems. But its prospects are good, argues Mohamed Mitha – investment analyst for Camissa Asset Management. view article

1 October 2024

SA Equity PM: ‘The market has not run ahead of itself’ – Citywire

Visio believes that South African equities will see an earnings recovery, but investors have yet to price this into the valuations of local shares. Including comment from Abdul Davids – head of research and portfolio manager for Camissa Asset Management. view article

9 September 2024

Shoprite reviews its operations outside SA – The Sunday Times

After disposing of its furniture business, Shoprite is reviewing more operations, especially in Ghana, which is facing hyperinflation that is having an effect on earnings. The group operates in 10 countries outside South Africa including the Democratic Republic of Congo and Angola, with a total of 266 stores. With comment from Mohamed Mitha – investment analyst for Camissa Asset Management. view article

21 August 2024

‘It’s not transition at any cost’: Sasol says it won’t kill itself chasing change – News24

While Sasol is hard at work to assess growth opportunities that can reduce its dependence on dirty coal, it hasn’t ruled out the possibility that there may be no viable transition pathways for it to pursue just yet. With comment from Abdul Davids – head of research for Camissa Asset Management. view article

30 July 2024

Turn in production fortunes boosts Sasol shares – News24

A production and sales update helped push Sasol share price up 6% on Monday as the group’s numbers surprised on the upside, pointing to a turnaround in fortunes under the new CEO. With insights by Abdul Davids – head of research for Camissa Asset Management. view article

12 July 2024

What is the point of wealth in a broken world – Money Marketing

It’s not a simple case of choosing between purpose and profit for asset allocators, many of whom are taking a more nuanced view as they engage with issues rather than avoiding them by disinvesting. Investors are increasingly applying non-financial factors related to Environmental, Social and Governance (ESG) issues to identify material risks and growth opportunities. With comment from Mandi Dungwa – portfolio manager for Camissa Asset Management. view article

3 June 2024

How a rattled SA became Anglo’s best defence against BHP bid – BizNews

In a dramatic corporate standoff, Anglo American successfully thwarted BHP’s $49 billion takeover bid by rallying around its deep-rooted legacy in South Africa. With over 20% of its shares held locally, Anglo leveraged its national significance and employed a strategic defence led by CEO Duncan Wanblad. With comment from Mandi Dungwa – portfolio manager for Camissa Asset Management. view article

2 May 2024

‘Like a Swiss ski slope’: Uncertainty clouds battered Sasol’s investment outlook – News24

The new CEO of Sasol, Simon Baloyi, has been in the hot seat for only one month, but it has already been a bit of a rollercoaster ride. News of reprieve of certain emissions standards related to sulphur dioxide from Sasol operations bolstered the company share price earlier in April. Insights from Abdul Davids – head of research for Camissa Asset Management. view article

22 April 2024

Camissa explains its SA equity underperformance – Citywire

Camissa’s philosophy is that share prices overreact to the downside and give investors buying opportunities. A key reason the R678m Camissa SA Equity fund has underperformed since its inception in September 2022 is because of its exposure to troubled companies. Insights provided during recent webinar by Gavin Wood – CIO for Camissa Asset Management. view article

9 April 2024

Sasol emissions reprieve: markets celebrate while activists fume – News24

A decision to moderate the way Sasol’s emissions will be measured and regulated may have activists fuming, but it sent the company’s share price sharply upward on Monday. Commentary from Abdul Davids – head of research for Camissa Asset Management.
view article

13 March 2024

Shoprite looks for growth tonic – Business Live

Supermarket group wants to challenge Clicks and Dis-Chem in the health and wellness segment. With insight from Mohamed Mitha – investment analyst for Camissa Asset Management.
view article

27 February 2024

Sasol up to the task of handling volatility, says CEO Fleetwood Grobler – Business Day

Sasol, SA’s biggest producer of liquid fuel from coal, is working on a package of measures to beef up its cash flow generation after its half-year profits plunged 34% due to weaker oil and chemical prices. With commentary from Abdul Davids – head of research for Camissa Asset Management.
view article

9 February 2024

Morningstar Announces Finalists for 2024 Morningstar Awards for Investing Excellence South Africa – FANews

Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today announced the nominees for the 2024 Morningstar Awards for Investing Excellence South Africa.
The awards recognise those funds and asset managers that have served investors well over the long term and which Morningstar’s Manager Research team believes will be able to deliver competitive risk-adjusted returns over time.
view article

9 January 2024

Top performing stable fund looks to shake off ‘challenging year’ – Citywire

Over the past five years, the Camissa Stable fund has been a top quartile performer in the Asisa South Africa multi-asset low equity category. Over that period, it has delivered an annualised return of 8.5%. With insights from Gavin Wood – chief investment officer for Camissa Asset Management.
view article

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News Archive: 2024

News archive