SA Banks: Should You Buy Customers?

The recent downgrade of the credit of South African banks to speculative status has blown a big hole in the industry’s steady expansion into the rest of the continent in pursuit of growth from favourable demographics and low banking penetration rate. In so doing, banks have failed to weigh the cost of this growth against […]

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Productivity in Mining

Since mining companies do not control commodity prices, they forecast demand to drive decisions on production and capital investment. As no communication occurs between the various players globally, mining companies fall prey to the strongest form of game theory; they all do the same things at the same time while hoping for differentiated results. Further […]

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Country in Checkmate

Hlelo Giyose recently spoke to Ryk van Niekerk from Moneyweb about South African and global politics and its potential impact on the market.  Click here for a transcript of the interview.  He also spoke about First Avenue’s equity strategy and a few of its fund holdings.

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The Anatomy of a Good Thing

In January this year, cyclical companies assumed market leadership from high quality companies.  Yet our portfolio kept up admirably with this regime until June.  Since then, resource equities have put on a spectacular show of pace.  As these companies do not lend themselves to quality, we do not hold them bar BHP Billiton.  Naturally, we […]

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Master class in investing

First Avenue’s CIO, Hlelo Giyose, recently spoke to Simon Brown about our philosophy what makes great companies, how to spot them and when to buy them.  He also talked about his current preferred stocks.  Click here to listen to the interview on JSE Direct.

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Lessons from the Past for the Future

Equity markets are haemorrhaging money globally and emerging markets are bearing the brunt as investors flee from risky assets. In this episode of the MoneyMakers Bruce Whitfield spoke to First Avenue’s Lo Giyose about where to find certainty in global volatility.  He also provides insight into First Avenue’s investment strategy which focuses on companies that represent […]

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Regulation of OTTs

First Avenue’s TMT analyst, Nadim Mohamed, spoke to BusinessDay TV about the recent hearings by the Parliamentary Portfolio Committee on telecommunications into the regulation of OTTs and their impact on South African telecommunication firms.  To view the full interview, click here.

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Investing in Human Ingenuity – Moneyweb

First Avenue’s CIO and portfolio manager, Hlelo Giyose, spoke to Ryk van Niekerk from Moneyweb about our philosophy and process.  Particular emphasis is placed on our preference for companies with inflation that represent human ingenuity and have inherent inflation fighting properties.  Click here to listen to the interview.

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Stock Pick Monday – 702

On 14 December, 2015, Nadim Mohamed provided his stock picks on The Money Show on radio 702.  He explained the rationale for choosing Naspers, EOH and Mediclinic.  Click here to listen to the interview.

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