How we identify resilient businesses with strong fundamentals and genuine growth potential.
Our strategy begins with sectors we believe are important to long-term economic activity, including banking & financial services, transportation & logistics, real estate & construction, energy and infrastructure. We remain selective, while retaining the flexibility to consider other sectors where the same long-term investment principles apply.
Within the sectors we consider, we look for businesses with resilient fundamentals: durable demand, defensible market positions, sound governance and management capable of executing over the long term. Growth potential matters, but only once resilience is established — we would rather invest in a steady business with room to grow than a fast-growing one built on fragile foundations.
Investing in financial businesses that support the movement, allocation and growth of capital across the economy.
Investing in businesses that move people, goods, and economies efficiently.
Investing in businesses and assets that support productive spaces, infrastructure and long-term economic activity.
Investing in energy businesses that support industrial growth and South Africa's long-term security of supply.
Investing in the physical and economic infrastructure that underwrites the country's growth.