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.

In an interview with Business Day TV earlier this week Tony Leon, former DA leader and David Frost, CEO of Southern Africa Tourism Services Association, indicated that new regulations on visa requirements have led to a significant reduction in tourism, which will likely result in shedding roughly 10,000 jobs in the near future.

This week saw the biggest correction in four months for the Chinese Shanghai stock market as lending restrictions were tightened in the market.

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