Social infrastructure is still too often treated as an investment category in which financial return and social purpose sit on opposite sides of the equation. The assumption is that if capital is directed towards affordable housing, schools or other assets...
Over the past few years, local investors and commentators have called for the offshore limit on retirement funds to be raised or scrapped altogether. Much of the case rests on access to better investment opportunities and sidestepping the South African...
For too long, development in South Africa’s townships and rural communities has been approached in silos. We build houses in one place, shopping centres somewhere else, schools and clinics when budgets permit, and expect transport networks to somehow connect...
Water security is not an abstract environmental theme. It is a system level risk for long-term investors that touches on inflation, growth, social stability, municipal credit metrics and the reliability of the infrastructure on which the economy depends. The...
South African equities face an increasingly complex macroeconomic backdrop heading into 2027. A potentially powerful El Niño cycle, elevated energy prices and persistent geopolitical disruption create renewed upside risk to inflation while domestic economic...
An asset manager’s flexibility matters as the environment can change quickly and significantly. And right now, our investment team believe three structural shifts are busy reshaping the investment landscape: A historic rebuild of European defence spending, A...
What is the need? The National Development Plan (NDP) set a target for South African Gross Fixed Capital Formation (GFCF) to reach 30% of GDP by 2030, with public sector investment contributing about 10%. In 2024, however, total fixed investment was...
Responsible investment in South Africa has reached an important point in its development. The principles are familiar, the policies are largely in place, and environmental, social and governance (ESG) considerations has entered investment mandates and...
Global investors have had no shortage of challenges to contend with in recent years. Inflation shocks, geopolitical tensions, supply chain disruptions and rising interest rates have repeatedly tested confidence. Despite these headwinds, economies and markets...
Residential rental is one of South Africa’s most familiar property markets, but it remains poorly understood from an institutional investment perspective. Part of the misunderstanding comes from familiarity itself. Most people have rented a flat, owned a...
