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.

Quarter one GDP figures released this week showed the South African economy contracted by 1.2 percent in the first three months of 2016. The mining sector was the main contributor to this contraction, taking away 1.5 percent from GDP growth. Due to weak economic growth, unemployment levels in South Africa have remained high with the official unemployment rate now sitting at a staggering 26.7 percent.

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The Aha! Moment: How people realise what to do in life | Cannon Asset Managers research

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