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 3) A snapshot of our ESG engagements
Below is a summary of the company engagements we held in 2022 and 2023 and the issues that we raised.
Disney: The value of strong intellectual property in a changing world
Since March 2022, local unit trusts have been able to allocate up to 45% of their portfolios anywhere outside South Africa. The increase in offshore limits i...
The trillion-dollar endgame
The US government has dug itself into a debt hole. With spending being its go-to solution for most problems, it is unclear how the situation will be resolved...
US opportunities with a good prognosis: UnitedHealth and Elevance Health
While the US stock market represents about 70% of the FTSE World and MSCI World indices, just half of the Orbis Global Equity Fund is invested in American...
The two-pot system simplified
South Africa’s retirement savings system is changing, with the implementation date of the new system currently set for 1 September 2024 – although go-live...
The power of perspective in an election year
Many local investors are understandably worried about what the future holds and how the election may affect their wealth. Keeping perspective throughout your...
How to invest offshore with Allan Gray – and allow for the transfer of wealth
Investing offshore is an important way to diversify your portfolio, spread your risk and get access to companies and industries not available locally. Julie...