Press Releases
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How to invest in the rest of Africa
19 April 2011 - Coronation InsightsApr 19 2011 10:45 Helena Wasserman AFTER so many false dawns, it looks like Africa may finally be shining. The continent withstood the financial crisis with the International Monetary Fund predicting that Sub-Saharan Africa will expand by 5.5% this year, accelerating to 5.9% next year. Africa represents a longer-term opportunity for higher returns, albeit with higher risk, says Peter Brooke...
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Africa Is Zimbabwe the true survivor?
31 January 2011 - Peter LegerMany of you will be familiar with the TV reality show ‘Survivor’ – a competition where contestants are stranded in a remote location with little more than the clothes on their backs. The competitors need to survive as a tribe, but in truth it is everyone for themselves. Alliances are forged and symbiotic compromises made in the interest of survival. One by one, team members fall as only the...
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Active management delivers in emerging markets and Africa
15 October 2009 - Coronation InsightsFollowing the events of 2008, emerging markets sustained their excellent performance in the past quarter, with most African markets following suit. Through smart stock selection and asset allocation the Coronation Emerging Markets and Africa funds trumped their benchmarks to deliver superior returns for the year to end September 2009. The Coronation Global Emerging Markets Fund has...
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The world's a mess - buy global equities
19 March 2009 - Karl LeinbergerThe worlds financial system seems to be unravelling. Cedit markets are paralysed. The decline in stock markets and house prices has destroyed US$9 trillion in the wealth of the United States alone. That translates to 60% of US gross domestic product. In times like this the temptation to sell risk assets and sit in cash is immense. Many are saying it's not the time to be brave and this is...
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Bonds:the next bubble?
24 January 2009 - Julius CobbettThis week, two asset managers released bearish commentary on bonds. Allan Grays Ian Liddle asks if government bonds are in a bubble. Judging by the recent fall in yields on U.S. 10-year government bonds to a low of 2,1%, Mr Market believes that policymakers will tighten monetary policy in time to prevent large-scale inflation, says Uddle. Perhaps this places more faith in bureaucrats than is...
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A general discussion on the health of mining in SA
09 January 2009 - Henk GroenewaldFELICITY DUNCAN: South Africa's economy was built on mining, especially gold mining, it brought people to the country, it's laid the foundations for the stock exchange and our banking system, but nowadays it looks as if South African mining is far from shiny. Statistics SA put out numbers today saying overall mining output for the quarter to April is almost 9% lower than last year's first...
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Negative mood creates buying opportunity
01 April 2008 - Charles de KockBuying high-quality assets at low prices is the route to wealth creation. It is April 2008 and investors are nervous. And rightly so. The world is awash with bad news. The financial/liquidity crisis The global financial system is under threat due to the injudicious lending practices of greedy bankers exposed when the property bubble finally popped. As a result, banks are being forced to...
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Double, double, toil and trouble
01 April 2008 - Chantal ValentineHigher inflation plus slower growth make for a tricky monetary policy equation A witches’ brew, indeed. The onset of the credit crunch against a background where a number of emerging markets are still growing fast (and gobbling commodities as they do so) has led to one of the trickier outcomes for many countries: a combination of slowing growth and rising inflation. Tricky for monetary...