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.

New Vehicle Sales in South Africa continued to decline in April. Data released by the National Association of Automobile Manufacturers (NAAMSA) shows new vehicle sales have dropped 9.2 percent year-on-year. Interestingly, the average “deal value” is said to have increased by around 11.8 percent over the last year, reflecting the steep increase in new car prices. This, coupled with rising interest rates and fuel costs has caused many consumers to go to the used car market instead.

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One Internet Minute | Cannon Asset Managers research

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