South Africa's financial regulatory landscape is on the cusp of a significant transformation with the introduction of the Conduct of Financial Institutions Bill (COFI), expected to be promulgated in 2026. While early industry debate has largely centred on...
After several challenging years for investors, the outlook for 2026 appears more balanced than it has been in some time. Global growth is expected to remain resilient, inflation pressures are easing rather than re-accelerating, and financial conditions are...
Ray Dalio's The Changing World Order focuses on the central idea that the world moves through repeating cycles of debt, power and renewal. For me, it was not in the halls of empire that I was exposed to these serial cycles, but in the messy, exhilarating...
Following a strong but concentrated 42% rally in 2025 (Figure 1), investors are questioning whether SA equities have meaningful further upside in 2026. The answer lies in the interplay of global and local dynamics, with the market's diversity and resilience...
Factor investing is grounded in the idea that certain company characteristics like valuation, momentum, or operational quality tend to generate long-term excess returns. These traits, however, are not evenly distributed across markets. They cluster in...
South Africa's asset management industry is among the most sophisticated in the emerging-market world. More than R8.2 trillion is stewarded through professional investment managers. Beneath this depth lies a structural feature that has barely shifted in over...
In 2026, adaptability and discernment will be the hallmarks of successful investing. We expect the environment will remain dynamic - shaped by shifting policies, evolving risks, and transformative technologies. Although 2025 was a year of exceptional returns...
Private market investments have emerged as one of the most dynamic drivers of long-term growth in institutional portfolios. For trustees responsible for stewarding members' retirement savings, private markets offer access to diversified, often resilient...
In an era defined by information overload and market volatility, investors often find themselves struggling to make decisions driven by logic rather than emotion. The allure of guesswork and gut feelings can lead to significant capital risk. In response to this...
Compagnie Financière Richemont SA (Richemont) is a high-quality, globally diversified, hard luxury business that owns some of the world's most desirable and enduring heritage brands. Its maisons[1] have legacies that span centuries and cannot be replicated,...