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.

On Tuesday this week Federal Reserve Chair, Janet Yellen indicated in her speech that any increases in the interest rate are likely to be slow. Back home, the Constitutional Court of South Africa yesterday said that Jacob Zuma was liable to pay for a portion of the money spent on upgrading his home in Nkandla. The court found that the President did not uphold and defend the Constitution as the Supreme law of the land when he did not comply with the Public Protector’s recommendation to pay back some of the money.

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