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This is a great interview of someone really good in reading market and macro view, Neal Froneman. https://twitter.com/davidaamckay/status/1295364211267305473
“I don’t specifically aim to prove people wrong, I just do what I think is my job. It’s not about being different, it’s actually about not getting sucked into the same groove where everybody is comfortable and nobody takes risks."
- Neal Froneman
- Neal Froneman
“If you don’t take risks, there are no real returns, or let’s call it exceptional returns, just average returns.”
- Neal Froneman
- Neal Froneman
“I remain concerned that there could be some tough times ahead in the next six months as the global economy sort of rights itself. I think the worst of COVID-19 is coming.”
- Neal Froneman
- Neal Froneman
“I sense there’s lots of pain coming with the dollar, which means that the rand could well strengthen to significant levels, which is surprising considering the mess our economy is in,” he says of S. Africa, where the majority of the firm’s revenue is generated.
- Neal Froneman
- Neal Froneman
“Some commodity price benefits could well be evaporated by a dollar that collapses.”
- Neal Froneman
- Neal Froneman
“The unions have no sense of reality,” a reference to national leadership as grassroots relationships tend to be quite different. “There is completely no sense of the business imperative; the lack of understanding of the commercial realities and what is in the national interests.
“I do think that next year we will be in a position to have reinstated our dividend, pay down our debt and we could then start actually looking at doing due diligence and, by then, international travel will have opened up,”
- Neal Froneman
- Neal Froneman
