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Mutual & Federal MD new Chairman of Credit Guarantee

25 April 2008 Credit Guarantee Insurance Corporation (CGIC)

Mutual & Federal MD, Keith Kennedy (pictured right) has been appointed Credit Guarantee Insurance Corporation’s (CGIC) new Chairman. He succeeds Mr Alwyn Martin who, having reached mandatory age, has retired. Mutual & Federal is CGIC’s holding company.

Mr Junior (‘JJ’) Ngulube (pictured below), CEO of Munich Re of Africa, has been appointed as a non-executive director on Credit Guarantee's board.

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QUESTION

The latest salvo in the active versus passive debate suggests that passive has an edge in highly efficient markets, or where the share universe is relatively small. In this context, how do you approach SA Equity investing?

ANSWER

Active always, the experts know best
Active, but favour the smaller funds
Passive for the win
Strike a balance between the two
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