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Naspers has lost more than a third of its value this year but is offering significant value at these levels.
The appointment of Tito Mboweni as the new Minister of Finance is likely to be viewed as a positive by credit ratings agencies and markets, placing South Africa in excellent stead for reigniting economic growth and investment, says Citadel Director and Chief Investment Officer George Herman.
All investors want market-beating returns, preferably at acceptable levels of risk. Savvy investors also want good value for money because they know that fees can be a drag on returns.
The US economy enjoyed relief from subdued trade disputes, which served to increase investor optimism. While the United States followed through with $200 billion in new tariffs initiated in August, negotiations neutralised after China responded in turn with a 10% tariff on imports.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?