How does this deal tie up with Aspen’s existing business? GUGULETHU MFUPHI: South Africa’s Aspen Healthcare share price shot up by 6% today after it bought several over-the-counter brands from GlaxoSmithKline for over R2bn. To get more perspective on the deal we speak we speak to Asief Mohamed, who’s the chief investment officer at AEON Investment [...]
South Africa’s structural inflation problem is about to rear its head once more. The benign level of SA inflation in recent years has been aided by the Rand, which has strengthened significantly since early 2009, depressing goods inflation and therefore the headline number. Over the course of the current year inflation has moved strongly upward. [...]
"I would not join any club that would have someone like me for a member." -- Groucho Marx Earlier this year, emerging markets reacted with giddy excitement at the prospect of being given greater representation and voting rights at the IMF. Several, including South Africa, put forward their own candidates to head the IMF after [...]
Bloomberg - 25 March 2011 Robert Brand and Mike Cohen ...Aeon Investment Management considers South African stocks as fairly value, chief investment officer Asief Mohamed said. Its recommended shares include Anglo American, Impala, MTN, AngloGold Ashanti Ltd., Africa’s largest gold producer, and Capitec Bank Holdings Ltd., a provider of loans not backed by assets. The [...]
While treasury celebrates the launch of the South Africa’s USD1,5Bn dollar denominated bond, the only ones who have reason to celebrate are international investors, and the banks that arranged the sale. With demand in excess of USD7bn for the bond, both treasury and market participants are lauding the fact that the bond was massively oversubscribed. [...]
News that Eastern European countries are lining up for bailouts from the EU and the IMF is seen as part of the bursting of the credit bubble, but the event contains important lessons for South Africa as it ventures back into the offshore debt market. The current Eastern European economic crisis is due to the [...]
With the appointment of trade unionist Ebrahim Patel as minister of economic development, and comments from the new finance minister Pravin Gordhan stating that inflation targeting will be debated, the media has been quick to pronounce a leftward shift in economic policy. Similar fears were espoused back in 1998, when Tito Mboweni was appointed Reserve [...]
Financial Mail - 10 October 2008 Stephen Cranston ...Many BEE managers are resigned to remaining in a niche and have moved into hedge funds where asset size is less important. Two of these managers have escaped the corporate environment of RMB Asset Management, still the most centralised of the large managers. They are Rayhaan Joosub [...]
6 December 2007 Arabella Sheraton Grand Hotel Cape Town, South Africa The South Africa Hedge Awards celebrated the best performing South African hedge funds of 2007, taking place in the Grand Ballroom of the Arabella Sheraton in Cape Town. The aim of the awards was to recognise the best risk-adjusted performance among South African hedge [...]
Financial Mail - 16 February 2007 By Stephen Cranston Traditional investment houses want to step onto hedge fund managers' more profitable turf. ...In SA last year, the biggest inflows came into small shops run by refugees from the traditional industry such as Kimon Boyiatjis (previously Abvest and NIB), Asief Mohamed (ex-Metam) and Morné Marais (ex-Coronation)...
