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 […]
PSG keeps promise and offloads 28.1% of its stake in Capitec – IOL
Investment giant PSG Group has kept its promise to reconsider its exposure to Capitec, announcing on Tuesday that it had decided to spin off 28.1 percent of its stake in the country’s second biggest retail bank to unlock value for its shareholders. Article by Dineo Faku with commentary by Abdul Davids – head of research […]
Sasol stock surges on oil hedges – Business Day
Sasol shares jumped after the synthetic fuel and chemicals producer said it has used hedges to lock in oil prices until end June and that its operations are continuing in the wake of the Covid-19 pandemic and the state-imposed lockdown. The company, which has lost about 90% of its market value in 2020 so far, […]
A tricky balance – Moneyweb
South African investors have moved large amounts of money into balanced unit trusts over the past decade. The assets in aggressive allocation funds have grown from R72.3 billion in 2010 to R419.6 billion by the end of 2019. For the first half of this period, this strategy was rewarded with excellent returns from these strategies. […]
Covid-19 impact on business is ‘devastating’ – Voice of the Cape
The reality of Covid-19 on South Africa’s weak economy is devastating. So says Abdul Aziz Davids, head of research at Kagiso Asset Management, commenting on the financial pinch being felt on small and medium businesses in the wake of the coronavirus. Currently, South Africa has 402 confirmed cases of Covid-19 – an increase of 128 […]
Morningstar announces 2020 South African fund award winners – FANews
Independent investment research company Morningstar Research (Pty) Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN) has named the winners of its 2020 South Africa Fund Awards. Kagiso won two awards – for Best Aggressive Allocation Fund and Best South Africa Equity Fund – while Investec scooped Best Fund House: Larger Fund Range award and Fairtree […]
Searching for the value in local equities – Moneyweb
Between the start of 2014 and the end of 2019, the FTSE/JSE All Share Index returned just 6% per annum. This is significantly below its long-term average of around 14%, and only barely higher than inflation. The first few months of 2020 have only compounded the bad news for local investors. Given global fears around […]
Strong stock selection behind outperformance – Weekend Argus, Personal Finance
Raging Bull Award for the Best South African Multi-asset Equity Fund on a risk-adjusted basis over five years to December 31, 2019. Certificate for the Best South African Multi-asset Medium Equity Fund on a risk-adjusted basis over five years to December 31, 2019. The Kagiso Protector Fund is aimed at investors who want to protect […]
Choosing the right inexpensive shares pays off – The Independent, Personal Finance
Raging Bull Award for the Best South African Equity General Fund on straight performance over three years to December 31, 2019. The Kagiso Equity Alpha Fund, which was launched in 2004, has more than R698 million in assets under management, according to the fund’s minimum disclosure document of December last year. Article by Mark Bechard […]