Media & Insights
07 October 2021
Mergence Investment Managers portfolio manager Izak van Niekerk says the recovery in private hospital stocks, particularly his preferred picks Netcare and Life Healthcare, is based on operations “normalising” by the end of September 2023 — “factoring in a handicap for the slow vaccine rollout”, he says.
22 September 2021
Commenting on the separate listing of Gyro, Peter Takaendesa, head of equities at Mergence Investment Managers, said the listing of mobile network tower assets was long overdue in South Africa. It was an asset class that had been missing on the JSE.
13 September 2021
Peter Takaendesa, a senior portfolio manager at Mergence Investment Managers, said Ethiopia is a hotly contested country, as “every company wants exposure to the market” because it is “the last remaining large market that hasn’t been explored by international companies.
03 September 2021
Though Peter Takaendesa, head of equities at Mergence Investment Managers, agreed that capping limits risks, he said the considerations may be different for investors that are restricted to local investments. “For investors who are not allowed to invest outside SA, who are running a domestic fund, the Naspers/Prosus portfolio is somewhat unique. Perhaps they would want high exposure to that because we don’t really have stocks like Facebook, Amazon, Netflix or Google. Naspers sort of provides that in SA,” he said.
13 August 2021
These are disappointments, but are not material in the bigger picture,” says Peter Takaendesa, head of equity at Mergence Investment `Managers. “They are doing the right thing by exiting the Middle East — though arguably MTN hung on in countries like Iran for too long. Investors will be more comfortable if they don’t have to worry about sanctions-busting and other complexities
11 August 2021
Boutique asset manager Mergence Investment Managers, who manages R35bn in assets, has promoted Yoza Jekwa to CEO, among several changes to its executive team.The appointment of Jekwa, who has been a joint-MD since November 2019, is part of a number of changes to its executive leadership team.She has 17 years of experience in the private investment field..
05 August 2021
Takaendesa comments: “Today [Wednesday] was a difficult day for domestic stocks as most of them closed in the negative, while Telkom shares still managed to hang on to a small gain. We expected that Serame would be in a strong position to take over if the board decided to appoint internally..
04 August 2021
Change has always been part of life. However, some changes are so dramatic and significant they alter the course of life and history for ever. The global financial crisis (GFC) of 2008/09 put the global financial system at risk, triggering a great recession and raising the risk and fear of deflation by Fabian de Beer..
29 July 2021
Mergence Investment Managers thinks Netcare (NTC) is a cheap, quality business that may not need a return to FY19 (pre-Covid) profitability to deliver good investment returns.Mergence’s scenario analysis indicates risk is skewed to the upside and that downside appears limited.Indications that NTC is a quality company include a detailed bottom-up analysis of Porter’s five forces, moat assessment, supported by high long-term average margins and an unbroken record of dividend growth for 23 years.
28 July 2021
Mergence Lesotho launches two unit trusts.
27 July 2021
I wouldn’t want to see such huge amounts of money being paid,” said Peter Takaendesa, head of equities at Mergence Investment Managers in South Africa.
25 July 2021
Including staff at BCX, which Telkom bought in 2016, the group’s total … Peter Takaendesa, head of equities at Mergence Investment Managers, said.
23 July 2021
Peter Takaendesa, head of equities at Mergence Investment Managers, said Maseko’s departure raised some questions..
08 July 2021
At Mergence Investment Managers we are reaping the benefits of having attracted and retained quality.. Read more on page 18.
08 July 2021
Mergence, an institutional fund manager specialising in infrastructure and development, including impact investing, is the only fund manager in SA to be invested in the only two water concessions run by PPPs. Siame says partnerships have been formed between the local municipality and the concessionaire, which is responsible for the operation, repairs and management of the water infrastructure as well as water supply, which they either procure from the Water Board or obtain through the production of its own potable water. Read more on page 54 & 56
22 June 2021
In a small but important step to break the shackles of being regarded as a proxy for Tencent, Prosus delivered a third straight annual profit from its classifieds unit, which helped narrow losses in the broader e-commerce platforms.
14 June 2021
Peter Takaendesa, head of equities at Mergence Investment Managers adds that while some of their concerns have been addressed, there are some corporate governance aspects of the proposed transaction that remain unresolved. We still do not have visibility on how some of the governance matters will be addressed. We will continue to engage on those matters and we hope the Prosus EGM coming up in July will provide another platform for all stakeholders to engage further.
13 June 2021
Technology investor Prosus is hoping to become one of the largest global players in online education, demand for which has been driven by the Covid-19 pandemic, underlining its intent with a recent R24bn acquisition — its largest to date since inception almost two years ago.
11 June 2021
Mergence Multi-Asset View – Fixed Income
04 June 2021
As 5G, the fifth generation of mobile technology, has begun to take off worldwide, technology firms are increasingly looking to have their own infrastructure in place to help client systems and data centres communicate as quickly as possible, driven by the growth in cloud computing..