South African Green Shoots

Following my conclusion that the South African small cap market is amongst the cheapest of all equity markets in the world, South Africa revealed a negative -2.2% GDP print for Q1:18. Awkward. Almost immediately, this data point seems to contradict–or, … Continue reading

Why I Don’t Hold Retail or Retail REITs

A while ago I wrote a two-part series on the systemic problems facing retailers in South Africa and their knock-on risks to retail REITs (the majority of our JSE-listed property sector): Warning Signs: Retailers, Shopping Centres & Retail REITs (Part … Continue reading

Datatec: Basic Math

As a global ICT group, Datatec Ltd (DTC), was originally made of two major halves: (1) Westcon, that distributes networking products globally, and (2) Logicalis, that is a global network integrator. Both stand to gain out of the increasing movement … Continue reading