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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 narrowly escaped a credit rating downgrade, however, the country’s negative outlook on its BBB sovereign credit ratings means that a downgrade is "more likely than not" in the coming months if economic challenges are not addressed, Fitch Ratings’ MD, Ed Parker said.

Local manufacturing production decreased 2% year on year in April, on the back of severe load shedding. This disappointing data weighed on the local currency as it indicates a weak start to economic growth in the second quarter.

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