Justin Adam Brown

Johannesburg

Deputy Editor at Citywire

Articles

Foord announces new equity analyst appointment

5 days ago | citywire.com | Justin Adam Brown

Foord Asset Management has appointed Sihle Zondi (pictured above) as an equity analyst. ‘Sihle brings a fresh perspective, making him an exciting addition to our dynamic team,‘ Foord wrote in a LinkedIn post. Zondi joined the company in January of this year, but Foord made a public announcement about him in late May. He covers the education and industrial sectors and reports to Foord’s chief investment officer, Nick Balkin.
Prescient explains why it is 'moderately positive' about cheap SA equity

5 days ago | citywire.com | Justin Adam Brown

Prescient Investment Management believes South African equities are currently undervalued compared with their historical median valuation, US equities, and other emerging market equities. The company’s chief investment officer (CIO), Bastian Teichgreeber, pointed to the dividend yield on South African equities, which stands at an average of 3.3%, compared with the long-term dividend yield of about 3% dating back to 1995, indicating higher valuations in the past.
Why these SA funds have zero exposure to gold

1 week ago | citywire.com | Justin Adam Brown

Several South African equity and other local funds have no exposure to physical gold or gold-mining shares despite the international price of gold being near record levels. Denker Capital executive director and portfolio manager Claude van Cuyck told Citywire South Africa that the R395m Denker SCI SA Equity Fund has no exposure to gold shares due to the fund’s investment approach and philosophy. This philosophy, he says, is made up of key criteria. Firstly, a company must have a competitive moat.
Foord: China could surpass US as tech ‘powerhouse’

1 week ago | citywire.com | Justin Adam Brown

Foord Asset Management believes that the probability of China overtaking the US in technology and innovation is increasing. And if history is anything to go by, this may signal the changing of a global empire, said portfolio manager and equity analyst Jing Cong Xue (pictured above). Xue said China was a superpower in the 1500s due to its inventions of paper, the compass and silk. The Netherlands then gained superpower status due to its advanced shipbuilding capabilities.
Former Rezco executive director joins boutique as CIO

1 week ago | citywire.com | Justin Adam Brown

A former Rezco Asset Management executive director has joined boutique Edge Asset Management as its new chief investment officer (CIO). Brian du Plessis (pictured above), who worked at Rezco for over 12 years, will assume the new role at the start of May. He founded Avantgarde Wealth in June 2024, which announced a strategic partnership with Edge Financial Group and Edge AM – part of the Edge Financial Group – in April this year. Already have an account?
Coronation’s 11-year outflow streak continues despite interim earnings uplift

1 week ago | citywire.com | Justin Adam Brown

Coronation Fund Managers experienced its 11th year of net outflows despite posting stronger financial results and modest asset growth for the half year to March 2025. The company reported net outflows equivalent to 2.5% of its assets under management (AUM) as it cited high unemployment, low economic growth, and limited discretionary investment flows in South Africa as persistent headwinds. The net outflows exclude capital and currency changes, as well as charges. Already have an account?
Capital Group explains how it uses multiple PMs to run R11bn PPS fund

1 week ago | citywire.com | Justin Adam Brown

Los Angeles headquartered the Capital Group, uses a multi-counsellor approach that blends the ideas of 11 different portfolio managers to run the $607m (R10.8bn) PPS Global Equity fund. The Capital Group manages the PPS Global Equity fund on behalf of PPS Investments. The PPS Global Equity fund is available in South Africa as the R1.6bn PPS Global Equity feeder fund.
Sarb pushes for tighter inflation target - but at what cost to growth?

1 week ago | citywire.com | Justin Adam Brown

The prospect of a lower inflation target in South Africa has moved from speculation to serious consideration, as the South African Reserve Bank (Sarb) and National Treasury signal growing alignment on the need to tighten the country’s inflation-targeting framework.
FSCA overreached on time limits for exemptions

2 weeks ago | citywire.com | Justin Adam Brown

In a significant ruling for the retirement fund industry, the Financial Services Tribunal (FST) has ruled that the Financial Services Conduct Authority (FSCA) cannot set a time limit on the exemptions it issues to retirement funds. The Bokamoso Retirement Fund, which is an umbrella fund, received an exemption in terms of the Pension Funds Act from the Registrar of Pension Funds, which is now part of the FSCA, in August 2017.
M&G Investments Southern Africa makes three key appointments

2 weeks ago | citywire.com | Justin Adam Brown

M&G Investments Southern Africa has made three key appointments. The asset manager has hired David Lumby as its chief financial officer (CFO), Mmakgotso Mogoane as client director of institutional business, and Shane Woldendorp as a global investment specialist. Lumby (pictured below) joined the business in May and is also a company executive committee member. He was previously CFO at Old Mutual Investment Group, where he worked for almost 14 years. Already have an account?