On the local front, the market closed marginally softer by 0.02% for the month with the resources sector being the poorest performer, down 6.2%. The industrial sector was the best performer, up 3.6% for the month, with financials following suit, also firmer by 1.8%, while the property sector weakened by 0.3%. Standout share performers for the month were Anheuser Busch, up 20.9%, Naspers and Prosus 12.3% and 11.6% respectively and WeBuy Cars, and Telkom up 10.5% and 8.0%, respectively. Underperforming shares were Northam, down 23.6%, Sibanye Stillwater, down 21.8%, Thungela down 19.2%, Motus down 17.7%. African Rainbow Minerals and Harmony were weaker by 16.6% and 15.9%, respectively.
The below FSCA regulated companies, who conduct asset management and investment services, are owned by Orion Investment Managers (OIM). These subsidiary companies operate in a number of different jurisdictions, and each provides investment management and products to their clients. Orion Investment Managers, is, in turn, owned by Spirit Invest International, which owns a portfolio of companies in the investment sector...
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