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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
The First National Bank/Bureau for Economic Research’s (FNB/BER) consumer confidence index slumped to -4 index points during the first quarter of 2015 from zero in the fourth quarter of 2014.

The budget deficit for 2014/15 has been reduced to 4.3% of gross domestic product due to higher than expected tax revenue collections and lower government expenditure.

David Cameron will be returned for a second term as the UK Prime Minister with an expanded mandate for his Conservative Party as the UK election results surprised this morning.

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