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.

The JSE was under downward pressures as foreign investors continued selling off South African shares. The week also saw the local currency sold down to its lowest levels in 11 weeks.

The power utility, Eskom, has signed several agreements with non-paying municipalities but this has not encouraged business confidence in the supplier. This week confidence slumped to a 16 year low and these woes are set to continue.

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