Huge divergences in share prices mean you need to know your manager – Business Live
Where the market is overly optimistic returns are borrowed from the future while areas where there is pessimism can deliver good future returns. By Laura du Preez with commentary from Gavin Wood – CIO for Kagiso Asset Management. view article
Numbers of choice for stock pickers – Personal Finance
They say numbers don’t lie, and the numbers on a company’s financial statements can reveal whether or not it really is a worthwhile investment. Mark Bechard asked asset managers which numbers they use most when assessing a share. Compiled by Mark Bechard with commentary by Abdul Davids – head of research for Kagiso Asset Management. […]
South Africa’s platinum industry forced by virus to look into the abyss – Moneyweb
South Africa’s gold industry has been dying slowly for years. As the coronavirus undercuts the already fragile case for investment, its platinum mines my be next. Felix Njini and Elena Mazneva report, with commentary from Mandi Dungwa – portfolio manager for Kagiso Asset Management. view article
Exxaro braces for uncertainty – Business Day
Diversified miner Exxarro Resources, Eskom’s largest coal supplier, expects export sales to fall in the second half of 2020 after weathering the Covid-19 storm remarkably well in the first six months of the year. Article by Lisa Steyn with comments by Mandi Dungwa – portfolio manager for Kagiso Asset Management. view article
Sasol shares jump as investors celebrate asset sale – Business Live
Shares in Sasol logged their biggest one-day gain in more than seven weeks as investors cheered news of a deal that will net the debt-laden petrochemical group R8.5bn, which might persuade the company to scrap a potentially dilutive rights issue. Written by Lisa Steyn with commentary from Abdul Davids – head of research for Kagiso […]
Gold price gets bullish – The Citizen
Last week gold futures rose above $1 800 per ounce. This is the first time they have passed that figure since 2011. The price of the precious metal is up over 17% this year in dollar terms. It is therefore not surprising that five of the six best-performing stocks on the JSE for the first […]
SA’s ferrochrome retreat points to steady erosion of competitiveness – Mining Weekly
The local chromium industry is ostensibly being cut out of global ferrochrome production, owing to its eroding competitiveness and the comparatively ‘low-hanging fruit’ of supplying chromite. While it is seemingly economically expedient at present, the continued decline in local ferrochrome production capacity is rather concerning for the mineral processing industry. Moreover, South Africa continuing, and […]
Is this rising gold price merely a self-fulfilling prophecy? – Citywire
And even if it does, does it matter? Last week gold futures rose above $1,800 per ounce. This is the first time they have passed that figure since 2011. The price of the precious metal is up over 17.0% this year in dollar terms. It is therefore not surprising that five of the six best-performing […]
Has value vs growth become old economy vs new economy? – Citywire
Has there been a structural change in economies and markets that means that old valuation methods are losing their relevance? In a recent Citywire Global CEO Summit, Baillie Gifford’s joint senior partner Andrew Telfer spoke about the ongoing relative under-performance of value versus growth. It was notable that this theme had persisted even through the […]
Central energy fund in talks to buy Sasol petrol stations – Business Day
The Central Energy Fund (CEF), the state-owned company whose main asset is oil and gas firm PetroSA, is in talks with Sasol to buy petrol stations as the embattled chemicals and synthetic fuels group scrambles to raise cash to pay down debt. Lisa Steyn writes with contribution by Abdul Davids – head of research for […]
