Building blocks stacked for Fortress
Meyrick Barker – Investment Analyst Fortress Real Estate Investment Trust (REIT) originally listed on the JSE Securities Exchange in October 2009, with a market capitalisation of R1.8 billion and a primary focus on South African retail assets. We discuss how the property portfolio has been reconfigured over the years and why we believe that it […]
Aspen: drugs for Africa
Mohamed Mitha – Investment Analyst Aspen Pharmacare began trading in 1997 from a converted suburban house in Durban. 25 years on and through sheer ambition and bold deal-making, this company is now the largest pharmaceutical manufacturer in Africa, operating in 150 countries across six continents. Aspen’s rise is one of South Africa’s foremost corporate success […]
Opportunity aplenty for Telkom
Written by Gracious Mashila – Associate Analyst Fixed telephone lines were first introduced in South Africa in the late 1800s, when the infrastructure was managed by the Department of Post and Telecommunications. Telkom was incorporated as an independent state-owned company in 1991 and listed on the JSE Securities Exchange in 2003. Telkom, in partnership with […]
PGMs: towards greener mobility
Written by Mandi Dungwa – Portfolio Manager The transportation of people and goods is expected to evolve significantly as the world endeavours to reduce global greenhouse gas emissions to zero by 2050 – in our attempt to moderate climate change. This transition will materially impact the markets for platinum group metals (PGM). We explore these […]
Nutrien sows sustainable seeds
Written by Abdul Davids – Portfolio Manager Nutrien is a Canadian-based agricultural chemicals company that was formed following the 2018 merger of Agrium Limited and PotashCorp. It has grown to become the world’s largest provider of crop inputs and services, with close to 20 000 employees and operations in 14 countries – reaching every major […]
Boston Scientific – pioneering medical innovation
Written by Jihad Jhaveri – Head of Process The late 1970s was an exciting time for the fledgling medical device industry in the US. With low levels of regulation, leading physicians were generally the gatekeepers of the industry – designing and manufacturing unique medical devices for specific patient needs. They were assisted by small inventor-led […]
Obscure precious metal takes center stage for platinum giants – Mining Weekly
The rise of rhodium, the world’s most expensive precious metal, has made it the No. 1 revenue stream of the biggest platinum miners. While the metal is well shy of its March peak, rhodium still accounted for 45% of Anglo American Platinum’s first-half revenues. That’s more than platinum and palladium put together. Article by Bloomberg […]
Bidcorp – food for thought
Bidcorp’s ambitious growth strategy has seen it develop from humble beginnings in 1989 as a South African foodservice business, to the JSE-listed broadline foodservice group it is today – with a presence in more than 35 countries across five continents. We unpack Bidcorp’s journey to becoming one of the most profitable global foodservice companies and […]
Enhancing Quilter’s asset gathering ability
Quilter is a vertically integrated wealth manager operating in the UK, the world’s fifth largest wealth market. The business comprises two main segments – one provides trusted financial advice, wealth and asset management, and the other is a multi-channel fund platform (the second largest in the UK) that provides access to a broad range of […]
The gold in RECM and Calibre
South Africa’s large, traditional casinos are rapidly losing market share to alternative forms of gambling – a trend that looks set to continue. We consider the changes underway in the local gambling market, highlighting RECM and Calibre’s Goldrush business as ideally positioned to benefit from these market trends. Shifts in gambling activity In 1996, the […]
