“When written in Chinese, the word ‘crisis’ is composed of two characters. One represents danger and the other represents opportunity.” – John F. Kennedy
January 2023 · 16 min read
Read More
Latest Insights
“When written in Chinese, the word ‘crisis’ is composed of two characters. One represents danger and the other represents opportunity.” – John F. Kennedy
Hope must make way for action.
Moving away from being just another petrostate.
Identifying the future winners in aviation presents attractive investment opportunities.
While we are cognisant of the risks, we believe a handful of carefully chosen businesses in China currently offer compelling returns for long-term investors.
SA bonds continue to hold their worth for investors
A low-risk, value-creating allocation of capital
Listed infrastructure is a key beneficiary of rising inflation.
A challenging balance between inflation and growth.
Coronation’s evaluation of the energy plan concludes that loadshedding can reduce dramatically within four years.
At our recent Talking Investments with Coronation conference, our investment team gave their views on portfolio positioning and regulatory changes.
In a panel discussion at our recent Talking Investments with Coronation conference, industry experts discussed regulatory changes, transformation and sustainability.
Central bank action has had a profound effect on risk sentiment, we take a look at how global bond markets have responded.
A polycrisis has sent global markets sharply down; and there is opportunity to be found.
A look at rising inflation and interest rates and the tough decisions central banks need to make as remedy.
The case for (only the best) long duration technology businesses.
Taking money offshore may be popular, but, at present, South African opportunities are still more attractive.
While the uncertainty has increased and the range of outcomes is greater, the long-term opportunity remains, with Netflix still being the clear market leader in an industry with strong structural tailwinds.
“The president can't change the country on his own. But what can he do? He can give an example.” - Volodymyr Oleksandrovych Zelenskyy; President of Ukraine
While economic recovery challenges still abound, the likelihood of South Africa tumbling into a debt trap within the next five years has, thankfully, diminished.
Netflix’s scale, ongoing product innovation and strong execution set the company up well for sustained leadership in an industry that continues to shift online at accelerating pace.
‘In the midst of every crisis, lies great opportunity.’ - Albert Einstein
Budget delivers good news, but some assumptions may prove too optimistic
A disciplined approach delivers over the long term
But SAGBs might still fare better than expected
Long-term thinking and rigorous research needed to spot opportunities.
Mounting risk to the fiscal health of indebted emerging markets will require careful navigation.
An attractive new add to our portfolios.
An attractive, growing sector in both Eastern and Western Europe.
Portfolio managers Gavin Joubert and Suhail Suleman talk about their journey with the Global Emerging Markets Equity Strategy over the last 13 years.
It’s not just about Tencent, games and China
“We demand rigidly defined areas of doubt and uncertainty!” – Douglas Adams, The Hitchhiker’s Guide to the Galaxy
Understanding the risks and return opportunities remains crucial
But open minds and ability to shift positions are key
Global Frontier Markets
Passing breeze or real winds of change?
Shifting growth dynamics and inflation uncertainty
Cheap insurance at a time of heightened risk
Finding value in complexity
“Your perception may not be my reality.” – Aporva Kala, author and philosopher
Inflation – it’s time to pay attention
Promising long-term growth seen in emerging equity markets
A story of a year we shall never forget.
A growth opportunity in the lacklustre retail space
Good intentions and a renewed commitment to growth are not enough to make government's financial position sustainable
Post-pandemic recovery in the balance of vaccines and a return of confidence
Transformation through green initiatives and new demand sources
Bloated merchant acquirers face disruption in the Brazilian market spac
Bloated merchant acquirers face disruption in the Brazilian market spac
Vulnerabilities increase the risk of longer-term damage
“If you want to lift up humanity, empower women. It is the most comprehensive, pervasive, high-leverage investment you can make in human beings.” – Melinda Gates, in her book, “Moment of Lift”
A chance to add good quality domestic businesses to your portfolio
Investment opportunities in the eyecare industry
South African investor heaven or hell?
100 days and counting …
“The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, nonexistent at some still higher price.” – Benjamin Graham, The Intelligent Investor
We can’t afford not doing better
“When the world is running down, you make the best of what’s still around.” – Musician and actor, Gordon Sumner (aka Sting)
“If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.” – Economist John Maynard Keynes
- an excerpt from the Coronation 2019 Stewardship Report
Life in the time of coronavirus
A butterfly flaps its wings in Wuhan, China
South African government bonds remain attractive despite global shocks
“Battles are never the end of the war” – former US President James Garfield
What did this programme really achieve?
Pause and reflect.
We’re up for the challenge
A weighty issue?
But depressed growth and further Eskom support weigh heavily on government
Our purpose in numbers
The price is right (or at least it feels that way)
Restoring confidence is key to growth recovery
Restoring confidence is key to growth recovery
Inverted yield curves, negative bond yields, liquidity everywhere and not a drop to drink
Transformative policy paper needs strong implementation
Cable operators leading US broadband internet momentum
IPO learnings from frontier markets
When desirability becomes necessity
Offshore acquisitions by domestic companies
The trade war between the US and China is not ending anytime soon, notwithstanding the efforts of presidents Trump and Xi to make nice on the sidelines of the Osaka G20 Summit.
The economic cost of rent seeking
“Invest for the long haul. Don’t get too greedy and don’t get too scared.” – Shelby M.C. Davis
How sports content (and fast cars) became frontrunners in the media content race
World economy balancing on regional tensions and precarious geopolitical alliances
In the cold light of day
Feeling in the dark? Shining a light on uncertainty
Where the frontiers of consumer need, technical innovation and pragmatic regulation meet
Government’s management of the power crisis will be telling of its broader capacity for reform
Highlights from ‘Talking Investments with Coronation’
Responsible investing involves constructive, behind-the-scenes communication
But South African bonds still offer a bulwark against global policy normalisation
The way in which financial markets respond to US rate expectations is important
But overcoming deeply rooted economic problems remains challenging
“The trouble is, you think you have time.” – Gautama Buddha
Reflecting on a tough year
Reaping the rewards of pension reform
2018 in review
China’s competitive education system drives strong growth
Tighter financial conditions are the greatest near-term threat to global growth
How companies avoid obsolescence through innovation
It was always going to get messy
Despite new vehicle technology, global car sales still drive demand
Spotify and Apple Music lead the revival of the recorded music industry
When it rains on your parade
Addressing the future for women
A homegrown success story
The value of proprietary, deep-dive research
Despite positive moves, South Africa’s fiscal position is still very vulnerable
The relevance of auditors in a post-financial scandal world
Thriving in a highly regulated industry
Earning its stripes
How worried should investors be?
“May you live in interesting times” – Chinese curse
What you see is not always what you get
Land reform under new leadership – both risk and opportunity
What now that the kings are gone?
International growth looks solid, but be wary of a concentrated consensus
Real change will depend on the will to fight
Valuations are high and uncertainty is increasing
New year, new hope
Cyril Ramaphosa’s ANC needs to save South Africa from economic déjà vu
Well positioned in an evolving environment
The next generation of big bets
Explore Investment Insights on the global economy, markets and topics related to our business.
Subscribe to our Corospondent newsletter