In the news
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
