Sean Peche: Bad things happen when growth stocks go wrong

COMMENT: There’s real pain for investors in highly rated companies that don’t deliver.

The argument in this article is that “when you’re trading on a price-earnings (PE) ratio of 60 times forecast profits, there’s no margin of safety; meeting or exceeding forecasts is everything.” That’s where the problem lies.

4min read

Optimism grows in SA’s private equity sector as funding increases

South African private equity funds raised R19.6bn in funding in 2022, an increase of 21% from 2021. That was at a time when private equity fundraising declined by 13% globally in 2022 compared to 2021.

This article paints a different picture to earlier articles referring to the economy. Why do you think that is, apart from the date? 3min read

Private equity (PE) firms’ investments are powering up energy opportunities in southern Africa

Chief executive of the Southern African Venture Capital and Private Equity Association (Savca), Tshepiso Kobile, says PE firms have not only achieved decent exits (which grew in value and number) but also helped their investee companies to navigate the volatile environment

You will recall that Discovery is now fully immersed in the renewable energy ecosystem. 3min read

Sanlam: ‘We put a strong emphasis on governance in our EM fund’

From avoiding state-owned enterprises to picking the right Chinese firms, portfolio manager Feroz Basa explains the principles behind the Sanlam Global Emerging Markets fund.

Interesting read and a counterpoint to the blanket sentiment to stay away from investing in China. 4min read

Momentum buys 100% of RMI Investment Managers

Momentum gains increased indirect minority stakes in several local boutique fund managers via the deal.

Learn a bit about the way in which these fund managers are themselves managed. Can you envisage the benefits for stakeholders, especially coming off the back of Momentum’s results till June 2023? 3min read