SA-based companies are having a horrific time in 2020, with the impacts of a struggling economy and COVID-19 taking their toll. However, for many of these businesses it started a long time ago, as corporate SA went on a global diversification spending spree over the past decade. It is estimated that corporate SA has destroyed over R300 billions of value over the past decade through these offshore forays. Anchor Group CEO, Peter Armitage joins CNBC Africa for more.
The last month has seen the most brutal stock market crash that most investors have experienced. Is it time to buy the crash? Peter Armitage, CEO and Co-Chief Investment Officer at Anchor Capital joins CNBC Africa for more.
Steinhoff’s share price tumbled over 20 per cent after its financial results for 2017 revealed that the company’s legal troubles could pose long term threats to the future of the company. This has shed doubt on its ability to continue as a going concern as legal related troubles continue to pile on, and insurmountable debt. Peter Armitage, CEO, Anchor Capital.
While South Africa is on a major drive to pull in investment in the country some sectors of the financial industry hold a high view of the benefits of boutique asset management. Joining CNBC Africa to unpack this point of view versus large firm asset management is Anchor Capital CEO, Peter Armitage.
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