Back at the ranch

Finweek English Edition - - Private Buy -

AN­OTHER SOUTH AFRICAN-BASED in­vestor – though it seems he’s sel­dom in the coun­try – at the coal­face of the cur­rent cri­sis is Kokkie Kooy­man, the global fi­nan­cial shares spe­cial­ist at San­lam In­vest­ment Man­age­ment. In his lat­est re­port Kooy­man says his funds have had no ex­po­sure to “any of the black holes” over­seas but “nev­er­the­less the share prices of the com­pa­nies we’re in­vested in have been dec­i­mated re­gard­less”.

I can’t imag­ine a worse time to be run­ning, among oth­ers, a global fi­nan­cial fund. But in typ­i­cal Kooy­man style he has a san­guine out­look about the cri­sis, ask­ing if this could be the in­vest­ment op­por­tu­nity of a life­time and an­swer­ing in one word: “Yes”.

Why in­vest now? “Be­cause val­u­a­tions are at­trac­tive and mar­kets are so sold down that eq­ui­ties could very sud­denly rally strongly for a while.”

Hope he’s right.

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