“Signicant” investment beckons for SA’s e-commerce market
Where to e-tail in SA given Amazon’s recent official launch? Mergence Head: Equities, Peter Takaendesa, spoke to ITweb about Amazon’s potential threat to existing players, and the scope for competition given that SA’s e-commerce sector is still in its infancy.
The opportunity in SA Bonds
19 October 2023 The chart below illustrates the current opportunity on offer in bonds for the South African investor. It shows the progression of 5-year inflation expectations in South Africa vs. the yield on the JSE All Bond Index. While the yield on SA bonds has steadily increased over the past decade, long-term inflation expectations […]
Where to from here for real yields?
12 October 2023 Last month, US bond yields reached the highest level in 15 years. The surge in nominal bond yields has coincided with an increase in real yields, the yield paid above inflation on Treasury inflation-protected securities (TIPS). Over the decade from 2013 to 2022, this yield averaged just 0.14%. It has been a […]
Harith-led consortuim buys controlling stake in Mergence
The Harith-Mergence deal, including the acquisition of a 5% stake in Mergence by a black women-led entity will drive consolidation and scale creation that will bolster Mergence’s role in the financial services sector.
How accessible is Infrastructure as an asset class in South Africa?
5 October 2023 Recent changes to Regulation 28 allow pension funds to allocate up to 45% to infrastructure investments. The benefits of adding infrastructure to a portfolio include diversification, reduced volatility (particularly from infrastructure debt allocations), more resilience in changing markets conditions, etc. Infrastructure investing can act as a catalyst for stimulating long-term economic development […]
What the JSE delisting trend means for your pension fund
The trend of delisting on the JSE carries implications for various stakeholders, including pension funds. Mergence CIO Brad Preston shares his insights on this topic in Today’s Trustee.
The shrinking number of JSE listings
28 September 2023 The declining number of companies listed on the JSE has been well documented over the past number of years. In this snippet, we compare this to some other parts of the world and look at how it impacts investor portfolios.The shrinking number of listings is a global phenomenon, although it is very […]
Who will win the RWC? Fortunately financial analysts know – sort of
Utilising statistics in the realm of sports: The Mergence Market Snippet about the Rugby World Cup, authored by CIO Brad Preston, piqued the interest of Tim Cohen, the editor at Daily Maverick.
Is the oil price too high?
21 September 2023 With the recent strength in the oil price reviving inflationary fears, we look at how current oil prices compare to history. Below, we show the inflation-adjusted oil price over the past fifty years. On this basis, the current $95 per barrel price is in line with the average real oil price over […]
We did not want a lame duck CEO says Bekker on Van Dijk
In response to the departure of Bob van Dijk as CEO of Naspers/Prosus, Peter Takaendesa, Head of Equities at Mergence Investment Managers, shared his insights with Business Day.
Analysing the RWC: which supporters have the most gees, who shows up for the World Cup, and how to make your Superbru predictions.
14 September 2023 With the Rugby World Cup having kicked off last week, we took a break from financial market analysis to try and apply some number crunching to the hooligan’s game played by gentlemen. France’s convincing win over New Zealand in the opening game of the tournament, spurred on by an enthusiastic Marseille crowd, […]
Capitec recovers R18bn in market value as shares soar on trading update
Radebe Sipamla, Mergence Investment Analyst, commented in Business Day on the 10% soar in Capitec’s share price following its trading update. He says the outlook is positive.
