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.

Another interesting week with markets trying to find any form of direction. Labour Day on Monday in the US gave the rest of the world a moment to breathe and push markets gently higher. Australian mortgage approvals fell 4.2%, its lowest point in six months. German and U.K. industrial manufacturing figures slowed during the month of July pointing towards a weakening underlying Euro. Steinhoff announced that they will have concluded their 100% purchase of the Tekkie Town franchise by 31 December 2016.

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TThe Rate of Change in US Energy Consumption | Cannon Asset Managers research

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