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
Botswana and beyond: The risks and rewards of investing offshore
Batswana have historically invested in farming as their post-retirement activity to sustain their livelihoods. However, younger generations appear to be less...
Preparing for the transition from FAIS to COFI
As the financial advice industry gears up for the introduction of the Conduct of Financial Institutions (COFI) Bill, the transition away from the Financial...
Investing lessons from Fantasy Premier League
While it may seem unlikely that football could provide insights into investments, Ammaara Mowzer reveals the striking parallels between Fantasy Premier Leagu...
How money tells the story of humanity – with David McWilliams
Many investors focus on trying to figure out how new technologies might change the world so that they can identify and back the likely winners. But according...
Where investors fear to fish
High domestic inflation. Volatile currencies. Foreign languages. Domestic insider advantages. Different cultural, legal and governance practices. Unpredictab...
Paying tribute to Gillian Gray
Gillian Gray passed away at the end of last year, concluding an extraordinary life and an inspiring husband-and-wife partnership forged over six decades. ...
In safe hands with the Allan Gray Balanced Fund
The Allan Gray Balanced Fund launched in October of 1999 with a unit price of R10, offering retail investors access to a diversified, multi-asset class,...