Delta sees good traction with state tenants lease renewals – Business Day
Investors in South Africa probably feel that they already have plenty to worry about. Low market returns, a struggling economy and ongoing political uncertainty make this a tricky environment. Patrick Cairns reports following talk by Gavin Wood (chief investment officer at Kagiso Asset Management) presented at ‘Meet the Managers’, Cape Town. view article
Bruised – but ignore the noise – Financial Mail
Investors in South Africa probably feel that they already have plenty to worry about. Low market returns, a struggling economy and ongoing political uncertainty make this a tricky environment. Patrick Cairns reports following talk by Gavin Wood (chief investment officer at Kagiso Asset Management) presented at ‘Meet the Managers’, Cape Town. view article
Six trends investors should watch – Moneyweb
Investors in South Africa probably feel that they already have plenty to worry about. Low market returns, a struggling economy and ongoing political uncertainty make this a tricky environment. Patrick Cairns reports following talk by Gavin Wood (chief investment officer at Kagiso Asset Management) presented at ‘Meet the Managers’, Cape Town. view article
Kagiso Stable Fund a good option for risk-averse investors – Sowetan Live
The mining company, whose primary source of revenue is a 20.5% stake in a chrome joint venture with globally diversified miner and commodity trader Glencore, reported profit of R165m for the six months to end-June, compared with a profit of R425m the year before. Article by Allan Seccombe with comment from Mandi Dungwa – portfolio […]
Merafe withholds dividend after profit plunges on weak chrome prices – Business Day
The mining company, whose primary source of revenue is a 20.5% stake in a chrome joint venture with globally diversified miner and commodity trader Glencore, reported profit of R165m for the six months to end-June, compared with a profit of R425m the year before. Article by Allan Seccombe with comment from Mandi Dungwa – portfolio […]
Declining economy catches Mpact flat-footed – Business Day
The decline in economic growth in SA and poor export conditions have left Mpact, the largest paper and plastics packaging and recycling business in southern Africa, with excess stock in the six months to end-June. Article by Siseko Njobeni with commentary by Dirk van Vlaanderen – associate portfolio manager at Kagiso Asset Management. view article
Omnia prices R2bn rights issue – Moneyweb
Omnia to use the proceeds to reduce its debt. The firm said it had also agreed an underwriting deal with investors Allan Gray, Coronation Asset Management, Foord Asset Management, Kagiso Asset Management, Old Mutual Investment Group and Prudential. Article by Nqobile Dludla. view article
Sasol: investors dump portfolio stalwart – Financial Mail
Sasol’s costly Lake Charles project has battered its shares to 10-year lows, but a rights offer is not on the cards – yet. Article by Lisa Steyn with commentary by Abdul Davids,head of research at Kagiso Asset Management. view article
Strong support for Omnia rights issue – inceConnect
The chemicals, fertiliser and explosives group says its R2 billion capital raise was fully subscribed. The vast majority of Omnia’s shareholders have taken up their rights in a deeply discounted capital raise aimed at recapitalising the group. Article by Stephen Gunnion. view article
Falling rentals bite SA Corporate’s dividend – Business Day
SA Corporate Real Estate, which has recently rebuffed takeover offers from Dipula Income Fund and Emira Property Fund, expects distributions to fall as much as 4% in its financial year as it battles with falling rental rates due to SA’s tepid economic conditions. Article by Karl Gernetzky with comment from Rahgib Davids – investment analyst […]