Opinion Jeremy-Gardiner-and-Barry-Dubb

Change and Upheaval – the New Normal, Jeremy Gardiner

Alongside Venezuela, South Africa is one of the few countries that is not part of the longest phase of synchronised global growth we have seen for a good while. Jeremy Gardiner, a Director of Asset Management at Investec, told Dynasty clients at an exclusive presentation that this reflects that many of South Africa’s problems are domestic…

Opinion Jenga

Rand Remains at Risk

More than a month has passed since President Jacob Zuma removed Finance Minister, Pravin Gordhan, and several other ministers and deputy ministers from their posts in a dramatic midnight cabinet reshuffle. Yet the rand has remained relatively resilient following this unsettling political event—trading today at stronger levels than it was at the beginning of the…

Opinion Pravin Gordhan

Jacob Zuma’s Cabinet Reshuffle

As you will almost certainly be aware by now, Jacob Zuma finally showed his hand last night with the cabinet reshuffle, including the firing of Pravin Gordhan and Mcebisi Jonas. There is no window-dressing in terms of this move – it is a dire and blatant action to remove the barriers that the patronage faction…

Opinion

Time-in the Market

We are currently facing a very challenging time as investors, where we are experiencing low returns and an adverse set of circumstances. We have referred to this kind of environment as “Slow Poison”, while a fund manager of ours recently related to it as being, “sand-papered to death”. When the risk that investors take for…

Opinion The Age of Uncertainty

The Age of Uncertainty

‘There is a Chinese curse which says “May he live in interesting times.” Like it or not we live in interesting times. They are times of danger and uncertainty; but they are also more open to the creative energy of men than any other time in history.’ – Robert F. Kennedy in his Day of Affirmation Address in Cape Town, South Africa,…

News flashOpinion Zuma

But this Time is Different?!

Just when we thought it was safe to confirm that things had settled into a “new normal”, it seems perhaps they had not, the “old normal” is back and, to quote a cliché, the only constant is change. For a number of years, we had settled into a rhythm whereby commodity prices were declining, the…