What are the prospects for rate cuts in SA this year?
A question never far from the mind of any of us with monthly bond payments. The consensus seems to be for about 100 basis points of rate cuts this year. While I can’t argue that this is an unreasonable base case, I do think that the risk to rates remains on the upside; in other words, […]
Multichoice in French hands? Clever manoeuvring will be required.
An African media powerhouse? Will Canal+, the French-based media house, succeed in circumventing SA ownership restrictions? Peter Takaendesa, TMT specialist and Head: Equities at Mergence Investment Managers, says the offer price of R46 billion looks decent but here is a chance that shareholders will ask for a bit more.
Canal+ bid for Multichoice tests rules on media ownership
Will French-owned Canal+ be able to get around regulations to acquire R46-billion of Multichoice? Read what Peter Takaendesa, TMT specialist and Head: Equities at Mergence Investment Managers, has to say to Business Day.
Fallen Angel Investors
Generating investment alpha is hard. Taking an active trading decision of any size means you are necessarily betting against a smart, well-informed, and motivated professional on the other side of your trade. To consistently outperform the market, you need to be right more often than your counterparty. One way to do this is to know […]
Outlook for the IPO market
Brad Preston, Mergence CIO, shared his insights on the contracting IPO market and its implications during an interview with Natassia Arendse on SABC News.
Are we heading for a second Trump presidency?
With Donald Trump winning the Iowa Republican presidential caucuses by a landslide this week, his nomination as the Republican presidential candidate looks highly likely. ABC News’s political forecasting website Fivethiryeight.com estimates Trump leads Republican polls by a wide and increasing margin. Source: fivethirtyeight.com This looks likely to set up a Trump vs. Biden general election […]
The outlook for IPOs in 2024
After two poor years for global new listings, there is some hope that 2024 will see an improvement in the Initial Public Offering (IPO) market. A number of large companies are expected to list this year, most notably the payments processor Stripe, and investment bankers are hoping this will lead to a recovery in new […]
JSE thists for Coca-Cola’s delayed mega-IPO
What factors could slow down the JSE delisting trend? There are several influences, including the global IPO market and global interest rates. Read what Brad Preston, Mergence CIO, told Business Day.
Daily Maverick 2024 stock picks; 2023’s winners and losers
Taking stock at the end of 2023. Read some detailed share analysis by Mergence in Daily Maverick 168 including Investec, Capitec, British American Tobacco and MTN/Vodacom.
Mergence Namibia promoting infrastructure growth and sustainability transition
In the annual high-level Namibian publication, The Brief, Hileni Nghinaunye, Portfolio Manager at Mergence Unlisted Investment Managers (Namibia) writes a overview of Mergence’s impact investments in Namibia and the launch of Fund II.
Creating sustainable shared value – the Mergence 2023 Impact Report
EBnet, the retirement fund portal, ran this story on the 2023 Mergence Impact Report.
Year-to-date equity performance
With 2023 quickly drawing to a close, we check in on the year-to-date performance of JSE stocks and compare this year to last year. Overall, 2023 has been a better year for SA stock pickers. Even though the headline All Share Index is only up 7% year to date versus a 4.2% return in 2022, […]