In the state-owned enterprises (SOE) sector, it's hard to find entities that are financially sustainable and largely delivering on their service delivery mandate. The Airports Company South Africa SOC Limited (ACSA) is one candidate which has, in large part,...
Over the past 12 years, Prosus has been a standout performer for South African investors. In fact, returns on the All-Share Index would be some 17% lower if Naspers and Prosus were excluded from the Index over this period. Despite its relatively complex...
PSG Financial Services (PSG) is a great example of a long term winner whose valuation has looked full at almost any time over the last decade but has nonetheless done well for the patient investor (Figure 1) as it delivered growth underpinned by strong...
Dis-Chem is a leader in the South African pharmacy retail sector, operating out of 274 stores nationwide. The business was founded by Ivan and Lynette Salzman in 1978 and listed on the JSE in 2016, with an initial placement of 27.5% of the company. The...
It's considered common knowledge that including fixed income instruments in your portfolio adds stability and a can generate a regular income. Fixed income investments primarily involve debt instruments—most commonly bonds—issued by governments,...