BRETT SILBERG - The African Mirror

Jun

07

2024

Elections: Who will the ANC form a coalition with? DA, EFF or MK?

BUSINESS

EON Investment Management chief investment officer Asief Mohamed believes that the ANC will have to form a coalition with one of the three larger parties: the DA, the EFF or the MK Party. ‘They will most likely have to form a coalition, and it will take time before they agree on one. I doubt that the smaller parties will be enough for them to form a coalition,’ he told Citywire SA during an interview. Citywire + rated Mohamed said the ANC would probably end up with around 45% because of the higher voter turnout in the major metropolitan areas. ‘The…

May

11

2024

By BRETT SILBERG

Global economics and domestic financial policies

BUSINESS

A look at the scenarios that could shape investors’ financial strategies in the coming months. As we navigate the intricate landscapes of global economics and domestic financial policies, it is important to reflect on the scenarios that could shape our financial strategies in the coming months. In SA, the political climate is heating up with the upcoming general election. Recent polls suggest a significant shift, with the ruling African National Congress (ANC) potentially receiving less than 51% of the vote. Such an outcome could lead to the first coalition government, which would fundamentally alter our country’s political and economic trajectory.…

May

07

2024

By BRETT SILBERG

These valuations are crazy’: The potential unlock in SA shares

BUSINESS

CO-MANAGER of the R1.1bn ClucasGray Equity Prescient fund, Andrew Vintcent, believes that the thesis for holding depressed South African shares is as compelling as it’s ever been. ‘These valuations are crazy,’ Vintcent told Citywire South Africa in an interview. ‘Not all the shares we own are trading on a six or seven P/E, but that are a lot of shares on the JSE that do.’ He added that while last year and the first quarter of 2024 were particularly difficult for local equity managers, he believes that the potential for patient investors to earn outsized rewards by staying invested is…

Apr

16

2024

By BRETT SILBERG

Extremely cheap’ SA equities are getting cheaper

BUSINESS

MOMENTUM Investments believes South African equities are trading over one standard deviation cheaper relative to their average historical valuation. Momentum Investments portfolio manager Ronnie Bornman believes South African equities are ‘extremely cheap’ and have gotten cheaper. ‘No matter which way you look at it, South African equities or extremely cheap. They have been cheap for some time, and unfortunately, they have been getting cheaper throughout the first couple of months of this year,’ he added during a multi-asset roundtable. Hollard Investments CIO Ashveena Teeluckdharry-Khusial chaired the event, and Citywire South Africa hosted it in Cape Town on 19 March. ‘Relative…

Jan

31

2024

By BRETT SILBERG

Investing in 2024: What to Expect

BUSINESS

AS we enter 2024, the investment landscape is expected to undergo significant changes. Here are some of the top trends that investors should keep an eye on: BRETT SILBERG Last Year’s Biggest Winners: In 2023, the stock market was the place to be for investors. The S&P 500 was up nearly 25%, and the Nasdaq had gained almost 43%. The biggest gainers were the FAANG stocks, which have now been dubbed “The Magnificent Seven” However, it’s important to note that past performance is not indicative of future results. Bonds Are Coming Back in 2024: With interest rates more likely to…