Looking back at 2023 and forward to 2024

On the 14th of November the latest CPI figures were released in the USA, resulting in equity prices shooting through the roof. Bond yields also dropped, resulting in capital gains for their holders. In the 12 months through October, the CPI climbed 3.2% after rising 3.7% in September. Economists polled by Reuters had forecast the CPI would increase 3.3% on a […]

Our holiday schedule

As another year draws to a close, we find ourselves reflecting on the incredible journey we’ve shared. In the office, this time of year brings a mix of excitement for the upcoming holidays and a touch of disbelief that another year has passed. Amidst these feelings, we want to take a moment to express our […]

‘n Laaste gedagte vir 2023

Beste Kliënte en Vriende Die einde van die jaar is in sig en dit is nodig dat ons terugkyk na die verlede wat ons nie kan verander nie, sodat ons aanpassings kan maak vir die toekoms wat ons wel kan beïnvloed. Tussendeur die gejaag van die lewe, moet ons soms net stilstaan om te besef […]

Life is complicated

On Thursday last week I was on my way back from a meeting when I became part of the less comfortable side of life. I was taking the slipway back onto the N2 highway when I was literally consumed by what seemed like two hundred slow-moving, angry and reckless taxi drivers. As there was nowhere […]

We now set our sights on conquering the seas of 2023

It is almost the time of year when you can light the braai fire as the sun dips behind the mountains, and sit back with a cold one in your hand. You will probably contemplate the happenings of the last three years, starting with 2020 when a once-in-a-generation disaster struck the world in the form […]

We manage money, but politics plays a big role

We had barely managed a smile about the good news – the arrest of the Gupta brothers and other high-level NPA actions – when we were hit by the puzzling accusations against Cyril Ramaphosa regarding 4 million US dollars in cash being stolen from his farm but not reported by him at the time. Of […]

Welcome to 2022

Wow, what a year we had in 2021! It had a strong start; drifted sideways; came down; and then ended strong again. It was a roller coaster year dominated by Covid-19; but eventually equity markets outperformed everything else out there.

A message from the Directors

As 2021 draws to a close, one inevitably wants to evaluate the year and reach some sort of view on the year gone by. Was it good? Was it bad? Was it challenging? What should I have done differently?

The danger of “swing and miss”

We are entering that period in financial markets when your butcher, hairdresser and gardener are all giving you investment tips because everything is going up. Our own JSE All Share jumped 13% in just one-and-a-half months, which is already a decent return for a whole year.

The invisible investment currents

Imagine, for a moment, that you woke up on 1 January 2016 and decided to invest all your money in South African commodity shares. You decided to choose three big ones with a diversified portfolio of commodities, so Anglo American, Anglo Platinum and Kumba stood out. Then you left South Africa for an extended holiday […]