Pipeline Project

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Disclaimer

Barak Fund Management will not be liable for any special, indirect, incidental, consequential or punitive damages or any damages whatsoever, whether in an action of contract, statute, delict (including, without limitation, negligence) or otherwise that relate to the use of this website. All information contained in this website pertaining to products and services and their terms and conditions, is subject to change without notice.

Although care has been taken as to what is contained in this website, no attempt has been made to give definitive or exhaustive statements of law or any opinions on specific legal issues and no representation is made or warranty given that the information is complete or accurate. This website does not constitute or offer legal or other advice and you should not rely on it as such advice.

Past performance is no guarantee of future returns and the fact sheets provided are for illustrative purposes only. The value of investments and income that are dependent on the performance of underlying assets or other variable market factors may vary from time to time. Investors must take cognisance of the fact that all the information provided are of historic nature.

Use of the website is entirely at the users own risk. Anyone requiring advice on any of the matters referred to herein should consult lawyers or other professionals familiar with the appropriate jurisdiction and legislation.

This Site contains information from Barak Fund Management and about the investment Funds it advisers. The information contained herein does not constitute a distribution, an offer to sell or the solicitation of an offer to buy. The distribution of information contained on this Site and the sale of shares in the Funds may be subject to legal or regulatory restrictions in certain countries in which users are resident or of which they are citizens.

This Site and its contents are being made available for the convenience of the present Investors of the Funds and such other persons expressly authorized by Barak Fund Management (“Authorized Persons”) for information purposes only, provided such Investors and Authorized Persons are not prohibited by any applicable law of any jurisdiction from receiving such information. Persons accessing this Site are therefore required to inform themselves about and observe such restrictions.

Barak Fund is an authorised financial services provider.

Disclaimer

Barak Fund Management will not be liable for any special, indirect, incidental, consequential or punitive damages or any damages whatsoever, whether in an action of contract, statute, delict (including, without limitation, negligence) or otherwise that relate to the use of this website. All information contained in this website pertaining to products and services and their terms and conditions, is subject to change without notice.

Although care has been taken as to what is contained in this website, no attempt has been made to give definitive or exhaustive statements of law or any opinions on specific legal issues and no representation is made or warranty given that the information is complete or accurate. This website does not constitute or offer legal or other advice and you should not rely on it as such advice.

Past performance is no guarantee of future returns and the fact sheets provided are for illustrative purposes only. The value of investments and income that are dependent on the performance of underlying assets or other variable market factors may vary from time to time. Investors must take cognisance of the fact that all the information provided are of historic nature.

Use of the website is entirely at the users own risk. Anyone requiring advice on any of the matters referred to herein should consult lawyers or other professionals familiar with the appropriate jurisdiction and legislation.

This Site contains information from Barak Fund Management and about the investment Funds it advisers. The information contained herein does not constitute a distribution, an offer to sell or the solicitation of an offer to buy. The distribution of information contained on this Site and the sale of shares in the Funds may be subject to legal or regulatory restrictions in certain countries in which users are resident or of which they are citizens.

This Site and its contents are being made available for the convenience of the present Investors of the Funds and such other persons expressly authorized by Barak Fund Management (“Authorized Persons”) for information purposes only, provided such Investors and Authorized Persons are not prohibited by any applicable law of any jurisdiction from receiving such information. Persons accessing this Site are therefore required to inform themselves about and observe such restrictions.

Barak Fund is an authorised financial services provider.

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South Africa Update: Goldman Sachs and the Big Emerging Market Story

The new year for South Africa promises to be an interesting one, in many different areas of focus. The underlying factor influencing all of these areas is undoubtedly the political situation within the country, and how the current movements are being perceived from a global perspective.


Posted: 22 August 2018

National Congress (ANC). Jacob Zuma, for the time being, is hanging on to his position as the South African president, but is not the president of the ANC. This position is held by Cyril Ramaphosa as at December 2017, and is widely viewed to steer the country to a strong 2018 and beyond. General presidential elections will take place in 2019, but recent movements indicate that Jacob Zuma may not last long enough to see the remainder of his term out.

Mr. Ramaphosa has a particularly strong business background, primarily within the mining industry in South Africa, and is keenly aware of the influence of attracting regular inflow of FDI into the country if GDP growth, and ultimately jobs, is to have a chance. He championed for South Africa particularly aggressively at the World Economic Forum in Switzerland at the end of January, and brings with him an air of supreme confidence at being at the helm of a political party that holds so much influence over the well-being of the country’s prospects.

Goldman Sachs, the world’s third largest investment bank, have been recently compiling a list of emerging market countries with massive potential, and South Africa is looking increasingly like it could emerge at the top of the pile for 2018. When Goldman Sachs run some numbers, views and reports, the investment world generally sits up and listens. Their research says there will likely be some serious improvements in rates and FX, and less in credit and equity. As they put it, there is large “catch up” potential.

Barak’s exposure to South Africa remains its largest across its portfolio at c.25%, and will likely to continue running strongly amidst the outlook. Opportunities are rife, and with the conclusion of the Mining Indaba in Cape Town this week, deals across the sector (and others) are prolific.

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