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.

South Africa has experienced sluggish growth, high inflation, extended strikes, government elections, rating downgrades, interest rate hikes and plunging commodity prices in 2014 – arguably one of our most challenging years.

There has been no shortage of events or volatility on the Johannesburg Stock Exchange, as higher highs were interrupted occasionally by drastic lows. Reflecting on the year, it was, ultimately, a tale of two worlds. Cheaper sectors became cheaper and the large expensive industrials continued their bull run.

In the last edition of Making Cents for the year, we look back at the market events as well as the biggest winners and losers on the JSE.

Thank you for your continued support. We wish you and your family a merry and blessed festive season and a prosperous New Year.

Read more in the document below:

Related links:
View South Africa annual reports