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Simon’s weekly wrap: Changing the lens on local investment opportunities

This week MoneywebNOW looked at Old Mutual using ESG to rate all its funds, opportunity in agri stocks, Clicks’ ongoing success, Karooooo’s JSE listing, and more.
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Environmental, social and governance (ESG) is still in the early days of being used as a metric to help investors invest into more responsible stocks and funds. Old Mutual has launched a few ESG funds but it has now tied up with MSCI and is taking things a step further by rating all its funds on ESG guidelines. I spoke with Elize Botha, MD of Old Mutual Unit Trusts, about this initiative that will help investors know the ESG rating of a fund even if it is not a dedicated ESG fund.

Our local agriculture sector is having a bumper year, as crop yields hit record highs and commodity prices remain elevated. With this in mind I asked Gary Booysen from Rand Swiss if it’s a sector he likes as a potential investment and which is his preferred stock in the space.

Clicks has perhaps the best management team among JSE-listed companies, even with a new CEO. I spoke with Mia Kruger of Kruger International about the stock and its strong balance sheet. We also touched on valuations and the reality that despite the stock never being cheap, it hasn’t stopped it being a great investment over the years.

Karooooo has returned to the JSE after exiting as Cartrack and then listing on the Nasdaq before a secondary re-listing on the JSE. I spoke with CEO Zak Calisto about the reasons for the move to the Nasdaq, quarterly reporting in rands and the mis-pricing that initially happened on the JSE, as some didn’t understand the 10:1 equation resulting in shares trading well below their value.

Also this week:

Andrew Bradley of Fiscal outlines how many countries are increasingly losing the tax income they need to be able to provide necessary services.

COMMENTS   1

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When is any commentator going to ask Old Mutual about its poor performance? Returns of the Old Mutual Investors’ Fund, its flagship, is 1% per annum over 5 years. After advisor and platform fees ZERO.
Meanwhile, total investment charges 1,87% per annum.
Let’s talk about that rather than ESG….

End of comments.

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