Across every segment of investing... The more relationships matter, the greater the market inefficiency. The more skill, reputation, and stories matters, the higher the dispersion of outcomes and the more important manager selection becomes. The fertile soil for outperformance.

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The Cirrus Namibia budget review is out 🇳🇦 Thanks to the team that's put in the effort: Robert McGregor Robert McGregor Rowland Brown Rowland Brown Amy Walters Jaco Schoombie Jaco Schoombie Cheryl Emvula @CherylEmvula Monét Brundyn Monét Brundyn Romé Mostert Romé Mostert

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Some 🍺news this morning: Heineken make an offer to Namibia Breweries Ltd to acquire its 25.0% shareholding in Heineken SA 🇳🇦

The Cirrus MTC Namibia IPO listing note is available to Cirrus Data subscribers here: cirrus.com.na/dataportal/rep…

The results of the #MTC #MOCNW IPO process were released this evening. In total, the IPO has raised N$2.541bn, out of a target of N$3.124bn. While falling short of the target, this IPO is more than three times larger than the previous largest IPO on the NSX.

During the BVCF meeting on 14 July, the committee decided to open another window of share sales from 19 August to 9 September 2022, to give producers an additional opportunity to buy shares. Only N$ 54 million shares will be available and will be sold on a first come basis.

The SARB-determined 'downward phase' of the business cycle is now at 102 months (and counting), double the previous record (1989-1993). Well on track for a full 'lost decade'. Per capita GDP down -5% in real ZAR since 2013, and about -25% in real USD.

In a country with over 33% unemployment (in the close to 5-year old but most recent, and pre-COVID stats), increasing the burden of admin and compliance on small businesses is nothing but a spectacular own-goal.

Press Release on the launch of the Namibia Top Companies Awards

We are the luckiest 1% of 1% of people to ever live in the entire history of humanity. Anyone putting "progress" in quotes does not realize that life in history was nasty, brutish and short and we are absolutely blessed to live when we live. Some facts for you. A thread (1):

Following my previous Tweet, here are some of the specific concerns for Namibian investors in the NIPA/NIPFB Govt can decide if you can expand, or not. Govt can decide if businesses have competition, or not. Etc. Massive scope for abuse. Makes #rishrot risk look like child play

South Africa’s future coalition government will be: