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Time for a Rest

Listen to the podcast Transcript In a few days, many people will be taking some time off from work for their annual vacation. That is of course if they are fortunate enough to have a job. So, when I was [...]

2018-12-11T14:04:50+00:00 December 11th, 2018|

Good Markets, Bad Markets

Market Overview The market has been on a roller coaster ride over the last 3 months, showing good gains in August, but having a significant pull-back in September and October, both locally and offshore. The markets are largely driven by high valuations in the US; rising [...]

2021-12-07T07:26:42+00:00 November 15th, 2018|

Active vs Passive

Market Overview A struggling local economy, flight of capital from emerging markets to developed markets, a volatile Rand and generally low or negative growth in company earnings have been the main drivers of the poor performance in the South African equity market. The Rand has weakened significantly [...]

2018-10-11T14:04:14+00:00 October 11th, 2018|


View in PDF Market Overview The current market is characterised by political uncertainty and multiple global economic issues. The main issues affecting the South African market are Rand volatility, emerging market woes and political and policy uncertainty. The Rand has weakened significantly against the major currencies [...]

2018-09-19T07:40:59+00:00 September 18th, 2018|

What to do about the Rand?

Introduction This blog discusses the reasons for the volatility in the Rand and what the ordinary person can do to protect herself from the impact of a weakening Rand. Why has the Rand been so volatile? The South African Rand has experienced much volatility over the [...]

2018-08-27T11:52:17+00:00 August 27th, 2018|

Trade Wars

What is a Trade War? “A trade war is a side effect of protectionism that occurs when one country (Country A) raises tariffs on another country’s (Country B) imports in retaliation for Country B raising tariffs on Country A's imports. A tariff is a tax imposed on [...]

2018-07-19T11:11:50+00:00 July 19th, 2018|

Share focus: NVIDIA

Nvidia manufactures high-end Graphical Processing Units (GPU’s) , i.e. computer processing chips. They work closely with software vendors that develop solutions on the Nvidia processors to build solutions for end-customers. Many AI (Artificial Intelligence), AV (Automated Vehicles); Cloud Computing Datacentres, and Gaming Applications utilise Nvidia processors. These [...]

2018-06-28T08:16:38+00:00 June 28th, 2018|

Lunar BCI Worldwide Flexible Fund Two-Year Review

View PDF Two Years On On 1 June 2018, we celebrated two years since the launch of the Lunar BCI Worldwide Flexible Fund. We are proud of our performance of 8.27% (after costs and fees and including distributions) for the two years to 31 May 2018. This [...]

2018-06-14T10:32:11+00:00 June 14th, 2018|


Hubris Investors are faced with a multitude of risks in any investment decision that they take. With the recent results from Famous Brands, Mediclinic, Taste Holdings and also not so recently Woolies and Old Mutual; one can’t help wondering if executive hubris* is not one of the [...]

2018-05-28T09:43:43+00:00 May 28th, 2018|

Seeking Growth Markets

At Lunar Capital, we are continuously on the look-out for long-term investments that can benefit investors in our fund (and ourselves as we are also significantly invested in the fund that we manage). Ideally, we would allocate a portion of our fund to a large growth [...]

2018-05-10T07:03:48+00:00 May 10th, 2018|