Investment Review – November 2025

Market Indicators

  • JSE All Share (ALSI) 110,958.51
  • Rand/Euro R 19.86
  • Rand/Pound R 22.67
  • Rand/US Dollar R 17.12
  • Rand/Aus Dollar R 11.20

How Consolidation Is Reshaping the Asset Management Industry

South Africa’s asset management industry is undergoing a merger shakeup that is changing the investment landscape rapidly. For investors, this means more than just headlines: it brings uncertainty, the potential for cultural clashes, and the possibility of portfolio changes. The key question is whether this consolidation will reduce choice and value for investors, or create a more resilient industry.

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Posted in Investment Review

The Allan Gray-Orbis Global Equity Feeder Fund remains fully invested in global equities. The objective of the Fund is to outperform the FTSE World Index at no greater-than average risk of loss in its sector.