Peering through the smoke
A lot has changed in the tobacco industry in the last decade or so. Despite the changes in what used to be a stable industry, the attractive aspects of tobacco economics still hold, with a cheaper valuation compensating for the increased uncertainty and disruption. Siphesihle Zwane and Varshan Maharaj provide an update on the current landscape and the industry’s prospects.
All insights
Stewardship Report 2023: (Part 2) ESG considerations in the Botswana portfolios – A case study
In the case study that follows, we highlight our interactions with Sefalana Holding Company Limited, regarding executive remuneration alignment with...
Finding value in a depressed earnings environment
After a disappointing decade, many are wondering whether the JSE still offers long-term value for patient investors. Rory Kutisker-Jacobson discusses the...
How divorce may impact occupational retirement fund savings
Felicia Hlophe, legal adviser at Allan Gray, explains the possible consequences of a divorce for members of occupational retirement funds, such as the Allan...
Navigating the ethical side of client data management
Financial advice businesses are increasingly leveraging technology to yield economic gains and operational efficiencies. However, progress in technology...
Stewardship Report 2023: (Part 1) Our approach to responsible investing
Sustainability, which includes good corporate governance, is embedded in how we invest on behalf of our clients, operate our business and interact with...
Stewardship Report 2023: Introductory comments from our portfolio manager
Global events over the last three years have illustrated how unpredictable the world can be. Rather than fearing uncertainty, we embrace it, as uncertainty...
Frontier markets: Innovative industry leaders drive returns
There are many variables to consider when investing in frontier markets, and investors need to weigh up the risks very carefully as they pursue long-term...