Perpetua Perspectives Spring Edition 2019

By Perpetua Investment Managers

The third quarter remained a challenging environment in South Africa.  In markets, domestic equities continued to deliver poor returns.  This is reflective of the poor state of our local economy and investors running out of patience.

In addition, during this quarter many South African companies revealed sub-optimal results from their offshore investments.  The threat of “prescribed assets” remained a topical issue in the South African investment landscape, as well as the heightened focus on governance given further corporate breaches.

Globally, the impact of climate change continue to drive higher on the investment risk spectrum, while there finally seems to be steam running out of the IPO frenzy in US markets.

In this edition we look to delve deeper into some of these issues and provide perspectives into our thinking; our actions and our investment decisions.

Enjoy the read!

Read the full report here


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