The correlation between currencies and corruption


The 49% plunge in the Turkish Lira against the US Dollar over the past year may be all over the news, but it is far from alone.  The Argentinian Peso has slumped 41%, the Brazilian Real 17%, the Russian Rubel 12% and the Venezuelan Bolivar has collapsed 100% as its Government slashed 5 zeros off … Read on

Biznews interview 21st February 2018


This special podcast is brought to you by Ranmore Fund Management. Hi, I’m Sean Peche, I’m a Portfolio Manager, and CEO of Ranmore Fund Management and the fund I manage is the Ranmore Global Equity Fund. Sean thanks for chatting to us today. Now you started out at Old Mutual Asset Managers in South Africa … Read on

Embrace short sellers


“Embrace short sellers” is my message to those who are up in arms over Viceroy’s report and short position in Capitec and here’s why. The sole purpose of financial markets is to allocate capital between those parties with excess cash (investors) and those companies needing cash. It is neither in the interests of investors nor society … Read on

What Steinhoff shows us about the dangers of exchange controls


The decimation of the retailer’s share price highlights the risks of extreme concentration of domestic unit trust holdings in a relatively illiquid market.   The 92% collapse in Steinhoff’s share price over the past 3 weeks due to suspected accounting irregularities has resulted in a $16bn loss of market value to the company’s equity investors, … Read on