07 « July « 2008 « Investment Postcards from Cape Town

The world has changed – and it will change again

By Prieur du Plessis, on July 7th, 2008 posted in: South Africa

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By Adrian Clayton

The world of today is simply unrecognisable compared to that of the turn of the century

Then, markets spoke of disinflation and Western economies were buoyant and rich. Emerging markets were unpredictable and volatile. The oil price was less than $30 and the oil market oversupplied. Gold was [...]

How risky are industrial and financial stock valuations?

By Prieur du Plessis, on July 7th, 2008 posted in: South Africa

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By Nic Andrew

Nic Andrew of Nedgroup Investments writes that certain industrial and financial stocks appear to be trading at attractive historic valuations (for example certain retailers and banks). On the other hand, these companies have operated in a very favourable environment for the last five years and have been experiencing historically [...]

Property – still a relatively low risk asset class?

By Prieur du Plessis, on July 7th, 2008 posted in: South Africa

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By Nic Andrew

Nic Andrew, head of Nedgroup Investments writes that for a long time South African investors have been handsomely rewarded for investing in property and many regarded this as a relatively “risk-less” asset class. The property market has had a poor run and returned negative 20% for the last 12 [...]

ECRI Leading Indicator: Turning for the better?
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Roach on U.S. economy, Fed policy, China, Europe
Stephen Roach, non-executive chairman of Morgan Stanley Asia, discusses the U.S. economy, Federal Reserve monetary policy,… »
Prieur’s Readings (Jan 30, 2012)
As part of my daily routine, I publish all my reading (including snippets from other well-known commentators) in an Internet… »
How best to play the China story
Helen Zhu, chief China equity strategist of Goldman Sachs, believes the mainland will see policy normalization in 2012. In… »
European choices
The article below is a guest contribution by Cees Bruggemans, Chief Economist of First National Bank. Last week, the Euro area… »