Top-rated Shariah fund bets on South Africa's recovery (2024)

Fund manager views 21 Jun, 2024

Oasis Crescent Equity fund PM picks stocks on the verge of reaping structural reformbenefits.

By Jaco Visser

Top-rated Shariah fund bets on South Africa's recovery (2)

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Green shoots are starting to show in many of South Africa’s struggling economic sectors. Electricity supply has improved, logistical bottlenecks at the country’s ports are being addressed and rail freight may improve in the not-too-distant future

At the same time, the country’s reliance on its mineral wealth – bar a few exceptions – may soon be a thing of the past. As gold mining enters its sunset years and platinum producers struggle with global oversupply, coal has become the prime target of climate change activism.

Positioning a fund – especially a pure equity fund with offshore allocation caps – to benefit from these diverging themes, is like steering a ship through Scylla and Charybdis.

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Related Portfolio Managers

Adam Ismail Ebrahim

32/133 in Equity - South Africa (Performance over 3 years)

Average total return:

40.77%

Related Funds

Oasis Crescent Equity

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