Investment Expert Mia Kruger of Kruger International is in the house.
Bronwyn Nielsen (Question)
This is the second week of February 2022. It is racing me, I don’t know, if you feel that in terms of where we are today, it looks as though this year is going to be a very, very quick one. But we’re still in a phase where we can get your thoughts on the themes on what you’re looking at on changes in your investment trajectory. So right now, what is top of mind for you.
Mia Kruger (Answer)
For us, it’s very much the same story, as we’ve been focusing on for more than a year, I think we’ve strategized our portfolio construction in such a way that it’s something that we’re really building on. The market pullback has really benefited us, especially from the end of August last year, we started to implement more towards assets that started to look attractive after we saw the regulatory pullback in especially in the east. So then we were able to capitalize on the pull backs that we did see in some of these Chinese shares that we could get into. And then of course, renewable energy has been a big theme for us, along with infrastructure in South Africa. And I think it’s topical due to the fact that it’s also very much front of mind for the president for the government. And for everyone in South Africa who wants to see the economy grow and create jobs,
Bronwyn Nielsen (Question)
The stocks that you are engaging with that you are investing in. Can you give me a little more clarity on that side to the extent that you can share?
Mia Kruger (Answer)
Yes, of course, we like I’ve mentioned before, we very much focused on renewable energy where we’ve invested directly into a wind farm within the Kruger funds. We’ve also done work on on the infrastructure side where we came to the market in December listing a read the first read that only invest in fiber, fiber optic infrastructure in the country, and we’ve got exposure to that. And then along with that, we still think that the mining is in South Africa has legs. We think that there’s a couple of underpinning a commodity prices and drivers longer term to support the exposure that we do have the so we still have our exposure to those companies. And then on the global side. We don’t think that the tech shares are going anywhere. And we think though they’ll remain very strong businesses. We’ve been our exposure there and we’ve also got exposure to the eastern selective companies.
Bronwyn Nielsen (Question)
Sibanye Stillwater is reporting soon is Sibanye Stillwater still at the top of the log. That is a drum that you were beating repeatedly last year.
Mia Kruger (answer)
I reiterated numerous times last year that Sibanye Stillwater does look very attractive from a price valuation and beyond that it’s a very attractive company. The company is very strong in terms of cash flow and it is one of our mining holdings across a board portfolio. Of course, we like a very broad diversification. So despite the fact that I do think Sibanye Stillwater is very attractive at these levels, it’s still as part of a very diversified broader portfolio.
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