Our values

Since 1973 we have adhered to the same set of values. These have provided us with a consistent framework to help us to make the best decisions for our investors in a changing environment and over time.

Client focused

We always put our clients’ interests first and avoid (not manage) conflicts of interest. We try to build our clients’ trust and confidence in us through offering excellent client service. We design our products and fees so that they tie our success to that of our clients.

Performance driven

We set extremely demanding and challenging standards, aiming to be the best in each area of our activities. Our business model and the way that we reward and promote our staff are designed to encourage excellence. Our performance-based investment management fees make our income more sensitive to long-term investment performance than the size of assets under management. Our senior executives are shareholders in the business, aligning their long-term interests with yours. All other staff have a substantial portion of their remuneration in the form of performance-based bonuses. 

Long-term oriented

We take a long-term perspective on investment decisions and business strategy. We try to establish long-term relationships with clients who believe in us and share our conviction in our investment approach. We offer an uncluttered range of products and services where we believe the application of our skills can add value and be enduring.

Independent minded

We are often contrarian and have the courage to fly in the face of popular opinion or conventional wisdom. We value, seek and foster diversity of opinion and thought.

Individually accountable

We have great faith in the power of the individual to make a difference. We believe that the best decisions are made by individuals not committees and we accept responsibility for the consequences of our actions.

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Key staff

Tapologo Motshubi
Tapologo Motshubi
Portfolio Manager
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Tapologo joined Allan Gray Botswana in 2004 after completing his articles at Grant Thornton in Cape Town. He is the portfolio manager of Allan Gray Botswana and an executive director, after serving as managing director from 2007 until 2017. He was also the managing director of Allan Gray in Namibia and Swaziland from 2011 until 2014. In 2016, Tapologo was appointed head of Allan Gray in Kenya. Tapologo is a graduate of the universities of Cape Town and Natal and is a charted accountant and CFA charter holder.

Phatsimo Ncube
Phatsimo Ncube
Managing Director
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Phatsimo completed her undergraduate degree with finance honours at the University of Cape Town. She joined Allan Gray Proprietary Limited in February 2008 and Allan Gray Botswana in 2014 as part of the client servicing team. Phatsimo was appointed deputy managing director of Allan Gray Botswana in 2015 and managing director in 2017.

Keitumetse Thema
Keitumetse Thema
Business analyst
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Keitumetse completed her undergraduate degree at the University of Cape Town and is a CFA charterholder. She joined Allan Gray Botswana in February 2008. She is a member of the Africa ex-South Africa client servicing team with a focus on institutional and retail client servicing in Botswana.

Our approach to investing is simple

We look closely at businesses. We buy shares we think are undervalued and sell them when we think they have reached their worth, regardless of popular opinion.
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We are based in Africa and have global expertise

Our headquarters are in Cape Town, and we have offices across Africa (offices indicated in red). We also have an affiliate office in Australia. We are partners with Orbis (offices indicated in blue), with whom we share a founder, investment philosophy and values. Orbis provides us with access to foreign markets, backed by expert research and a long-term track record.
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We pursue long-term returns without taking undue risks

What R 10,000 invested in 1974 would be worth today (30 September 2018):

Invested with Allan Gray (before fees) FTSE/JSE All Share Index (log scale) R 160 000 000 R 160 000 000 10 YEARS 1974 Today
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Making a difference

With a deep concern for poverty and unemployment in Botswana, we strive to make a positive contribution to citizen economic empowerment through various structures and initiatives. We invest responsibly, with the priority to protect and enhance the value of our clients’ investments. Learn more...

The financial services, products or investments referred to on this website are not available to persons resident in jurisdictions where their availability or distribution would contravene local laws or regulations and the information on this website is not intended for use by these persons. This website is for information only and does not in any way constitute a solicitation or offer by Allan Gray Proprietary Limited or any of its associates or subsidiaries (collectively “Allan Gray”) to buy or sell any financial instruments or to provide any investment advice or service.

By selecting one of the countries below I confirm that I have read and understood the above and that:

(a) I am not a South African citizen; or 
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(e) I confirm that any investment with Allan Gray is based on my own initiative and not due to any offer or solicitation by Allan Gray.