Newsletter:

Subject:	Yes it is a good time to invest, as long as you are in it for the long term
Date:	16 Mar 08

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There have been times when it seems easy to be a fund manager. Over the past four years the FTSE / JSE All Share Index's price has almost quadrupled, with South Africans enjoying one of the longest bull runs in the history of the JSE.

Now all has changed. Since January many clouds have appeared on the horizon and the stakes are higher. The US and Euro-land markets expect slower growth and domestically the mood is sober. Investors watch as interest rate sensitive stocks fall and a few select shares (Anglo, Billiton, Kumba, Sasol) climb onward and upward, knowing that it is foolish to buy them now.

But of course, experienced fund managers know that they must be patient, they have seen patterns like this before. They have the patience to sit out the volatility, the discipline and training to spot opportunities as they appear.

This week a couple of asset management companies took time off from watching global and domestic markets on their office screens and took to the streets to reassure financial advisors and investors that while local and foreign markets had taken a pounding, in general all is well. The message from both companies remains consistent. Yes, it is a good time to invest, as long as you are in it for the long term.

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Industry outlook: Coronation and Stanlib
This week a couple of asset management companies took time off from watching global and domestic markets on their office screens and took to the streets to reassure financial advisors and investors that while local and foreign markets had taken a pounding, in general all is well. The message from both companies remains consistent. Yes, it is a good time to invest, as long as you are in it for the long term.

More at http://www.equinox.co.za/article_1927.html

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Sleep talk from David Shapiro
David Shapiro, Fund Manager, Sasfin Asset Managers, ponders on the cost of Eskom's failure to provide sufficient power for our growing economy. This article was first written for his weekly column in The Times newspaper and reproduced in the Sasfin Investment Letter.

More at http://www.equinox.co.za/article_1924.html

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The best way to beat inflation? Invest in equities
At the recent road show hosted by Nedgroup Investments, three of the companies 'Best of breed' managers suggested that long-term investments in equities were the best bet to beat rising inflation. Nic Andrew, Head of Nedgroup Investments comments on some of the presentations

More at http://www.equinox.co.za/article_1925.html

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Read this to get some perspective on SA's energy crisis.
Elan Levy: Investment Strategist, Sasfin Securities writes about the impact of load shedding in South Africa and other emerging economies.

More at http://www.equinox.co.za/article_1923.html

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Best Regards
The Equinox Team

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