91's SA 29 May Value Dream | PCS on Investing in an Increasingly Volatile and Unpredictable World

91's SA 29 May Value Dream

Our elections take place later this month, and Ninety One will examine whether “as the herd cashes out, is there money to be made on SA Inc.”

Given that South Africa’s litany of woes is widely known and understood, domestic equity valuations now entirely discount the current reality.

With a starting yield of 8% on many domestic stocks, per the attachment, John Biccard, Portfolio Manager of the Ninety One Value Fund, argues that SA Inc stocks now present a compelling return opportunity.

Private Client Securities Chief Investment Officer Andrew Dittberner with Bruce Whitfield 

PCS Chief Investment Officer, Andrew Dittberner recently sat down with financial journalist Bruce Whitfield to share his views on markets, investment themes and where they are currently seeing opportunities.
 
In this first video, Andrew and Bruce discuss investing in an increasingly volatile and unpredictable world. They discuss current dynamics and major trends and emphasise the importance of a robust investment philosophy and process to identify high-quality companies led by exceptional management teams.

Specific mentions include US recession expectations, local and offshore interest rates, inflation, economic cycles, central bank funding, government debt levels, valuations, asset bubbles, fundamentals, behavioural finance, key long-term earnings drivers, and US elections.

To view, click on the image above to watch the video (duration: 19:38);

Amazon SA opens its virtual doors

Competition in South Africa’s e-commerce space heated up a notch on Tuesday with the official launch of Amazon South Africa. South Africans will have access to 3,000 pickup points, 24/7 customer support, and returns within 30 days of purchase.

^{Source: Moneyweb}

Personal News from Jurie

Next week, I am away from the office on Monday and Tuesday, attending our national PWM conference being held in Cape Town. I’ll be back in the office on Wednesday.

Friday Food For Thought