A TOP fund manager has slammed the board of directors at Eastern Cape-based poultry producer Sovereign Food Investments for not exercising their fiduciary responsibility to act in the best interests of shareholders. In a letter seen by Business Day, Aeon Asset Management chief investment officer Asief Mohamed argued that by significantly lowering a performance threshold, [...]
Global operations lift Aspen’s earnings SOUTH Africa’s biggest drugs manufacturer, Aspen Pharmacare, on Thursday reported a 14% rise to 423.6c in diluted headline earnings per share for the six months to December, as growth in its international business compensated for the pressure facing its domestic operations. Its performance stood in stark contrast with that of [...]
WHEN Asief Mohamed, the founder and chief investment officer of Aeon Investment Management, walked into his office after the Christmas break, the message that scrolled across his computer screen read: “The future isn’t what it used to be”. It was an apt welcome to 2016. Within days of markets opening, more than US$2.3trillion was wiped off [...]
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Business Day BDLive - 31 March 2013 Chris Baron ..."I have never seen Saad being rude or bombastic, but I wouldn't be surprised if he loses his cool with someone who is not performing and makes a decision to cut him quite quickly," said Asief Mohamed, chief investment officer at Aeon Investment and a Bidvest [...]
Business Day BDLive - 27 March 2013 Tamar Kahn ..."They should disclose it," agreed Aeon Investment Management’s chief investment officer, Asief Mohamed..."There is nothing that the shareholders would find in there that would cause them any concern," he said. "I think in the scenario where the transaction does not go ahead, we would find ourselves [...]
Business Day BDLive - 22 March 2013 Tamar Kahn ..."Bidvest is known for buying assets when earnings are low, and has a good track record, but I would expect them to pay more for the deal to go through," said Aeon Investment Management chief investment officer Asief Mohamed. He suggested the price would need to [...]
Business Day BDLive - 18 March 2013 Andries Mahlangu ...On a two-year outlook, one could expect interest rates to put further pressure on an indebted consumer, said Aeon Investment Management chief investment officer Asief Mohamed."Retailers have benefited significantly in the past from the significant growth of social grants, low interest rates and rapid growth in [...]
Bloomberg - 22 Jan 2013 Mike Cohen ...“We are keeping a much closer eye on inflation now that the rand is a bit weaker,” Asief Mohamed, who oversees the equivalent of $112 million in assets as chief investment officer of Aeon Investment Management in Cape Town, said by phone yesterday. “If the rand were to [...]
