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Cannon Asset Managers is a licensed asset management business based in South Africa that manages domestic assets as well as global investment portfolios. Since our formation we have successfully applied the philosophy and principles of value investing, an investment management approach that consistently has demonstrated a clear advantage over other philosophies.  Consequently, over the years Cannon Asset Managers has developed a reputation for successfully delivering portfolio results to our clients who include companies, pension funds, insurance companies, trusts, high net worth individuals and retail investors.

Highlights
South Africa’s current account deficit widened more than expected in the second quarter, to 6.2% of gross domestic production, from 4.5% in the first quarter. The rand reacted negatively, falling to a 7-month low, trading at R11/$.

Expectedly, mining and manufacturing output plummeted 7.7% and 7.9%, respectively, year on year in July. The contraction is mainly as a result of the five-month strike activity followed by weak demand. These disappointing figures do not bode well for the expected third quarter growth...

Read more in the document below:

Cannon Asset Managers weekly highlights 

Related links:
View South Africa annual reports
 
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