Growth in satellite internet and advances in infrastructure are turning space into a practical global asset.

Episodes of Rand strength tend to generate optimism that outstrips their durability. Each time the currency appreciates meaningfully, like the recent break below R16/USD in January 2026, the same question arises: Has something fundamentally changed? In this edition we look at how history suggests that’s rarely the right question. The more useful one is whether the forces shaping the Rand’s long-term direction have shifted. At present, there’s little evidence that they have.

In this month’s newsletter, Henk Myburgh, CFA, looks at how the valuation of companies’ changes depends on where they are in their lifecycle. He then identifies some companies straddling multiple company stages and how they offer the potential for higher growth.

In this month’s newsletter, Ashley Knight, CFA, discuss the introduction of Dubai based Optasia as a listed company at the JSE.

Luxury investments are no longer just symbols of prestige — they’ve become a resilient asset class in their own right. As traditional markets face ongoing volatility, investors are finding stability and opportunity in tangible assets like fine art, collectible cars, rare wines, and high-end watches.

In this edition, we unpack how luxury investments continue to demonstrate strong performance, driven by scarcity, craftsmanship, and sustained global demand. We also explore how these exclusive assets can form part of a well-diversified portfolio — offering both financial value and lasting personal enjoyment.

When companies historically returned capital to investors, they mainly did so by paying dividends. In this month’s newsletter, Henk Myburgh, CFA discusses the return of capital to shareholders, how this has changed over time, and what it means for investors.

A look at the rationale behind precious metals’ latest moves.

We initially wrote about silver in July 2020, providing an update in 2022. With the latest rally in precious metals, it seemed fitting to bring everyone back up to speed.

Artificial Intelligence (AI) is transforming industries across the globe, ushering in an era where machines can perform tasks that previously required human intelligence.

In this month’s newsletter, Henk Myburgh, CFA will explain how money supply is theoretically a leading indicator of company earnings. He will then analyse its historical performance in the USA and what we can learn from the current relationship between money supply and company earnings and its potential impact on the US market.

This month, Ashley Knight, CFA takes a look at the proposed changes to the Inflation Reduction Act and the potential impact on the Pharmaceutical industry.