Literature library
Publications
Quarterly Commentary
This quarterly publication contains a range of in-depth articles on the investments we make on your behalf, our funds, products and other personal finance matters.
- 2023-Q4
- 2023-Q3
- 2023-Q2
- 2023-Q1
- 2022-Q4
- 2022-Q3
- 2022-Q2
- 2022-Q1
- 2021-Q4
- 2021-Q3
- 2021-Q2
- 2021-Q1
- 2020-Q4
- 2020-Q3
- 2020-Q2
- 2020-Q1
- 2019-Q4
- 2019-Q3
- 2019-Q2
- 2019-Q1
- 2018-Q4
- 2018-Q3
- 2018-Q2
- 2018-Q1
- 2017-Q4.PDF
- 2017-Q3
- 2017-Q2
- 2017-Q1
- 2016-Q4
- 2016-Q3
- 2016-Q2
- 2016-Q1
- 2015-Q4
- 2015-Q3
- 2015-Q2
- 2015-Q1
- 2014-Q4
- 2014-Q3
- 2014-Q2
- 2014-Q1
- 2013-Q4
- 2013-Q3
- 2013-Q2
- 2013-Q1
- 2012-Q4
- 2012-Q3
- 2012-Q2
- 2012-Q1
- 2011-Q4
- 2011-Q3
- 2011-Q2
- 2011-Q1
- 2010-Q4
- 2010-Q3
- 2010-Q2
- 2010-Q1
- 2009-Q4
- 2009-Q3
- 2009-Q2
- 2009-Q1
- 2008-Q4
- 2008-Q3
- 2008-Q2
- 2008-Q1
- 2007-Q4
- 2007-Q3
- 2007-Q2
- 2007-Q1
- 2006-Q4
- 2006-Q3
- 2006-Q2
- 2006-Q1
- 2005-Q4
- 2005-Q3
- 2005-Q2
- 2005-Q1
- 2004-Q4
- 2004-Q3
- 2004-Q2
- 2004-Q1
- 2003-Q4
- 2003-Q3
- 2003-Q2
- 2003-Q1
- 2002-Q4
- 2002-Q3
- 2002-Q2
- 2002-Q1
- 2001-Q4
- 2001-Q3
- 2001-Q2
- 2001-Q1
- 2000-Q4
- 2000-Q3
- 2000-Q2
GrayIssue
This monthly one-page newsletter covers a topic of interest ranging from investment behaviour to fund news and investment commentary.
- Issue 285 - Build a legacy with the Allan Gray Offshore Endowment
- Issue 283 - Duncan Artus, What will the election year hold
- Issue 279 - Jaya Leibowitz, Part 2 - The two-pot system – what we know for now
- Issue 280 - Jaya Leibowitz, Part 3 - The two-pot system and your savings withdrawal benefit
- Issue 278 - Richard Carter, Part 1 - Challenges and opportunities with South Africa’s retirement fund system
- Issue 276 - Alix Moreillon, Part 4 - Beneficiary payments to foreign bank accounts after death
- Issue 275 - Alix Moreillon, Part 3 - The lowdown on living annuity income payments to foreign bank accounts
- Issue 273 - Carla Rossouw, Part 1 - Understanding your tax obligations on leaving South Africa
- Issue 274 - Ebrahim Southgate, Part 2 - Unpacking South African tax obligations for non-resident living annuitants
- Issue 271 - Meagan Fraser, Are you ready for the 2023 tax-filing season
- Issue 267 - Carrie Norden, Unpacking the changes to the retirement fund lump sum tax tables
- Issue 265 - Sandy McGregor and Daniel van Andel, The consequences of South Africa's greylisting
- Issue 263 - Duncan Artus, Was 2022 a secular turning point and if so, what does it mean for the years ahead
- Issue 261 - Duncan Artus, How to invest in a changing world
- Issue 255 - Liezl Alberts, Are you ready for the 2022 modernised tax-filing season
- Issue 254 - Thalia Petousis, Food price inflation Are we watching “That ‘70s Show”
- Issue 253 - Horacia Naidoo-McCarthy, What price are we paying for the Russia-Ukraine conflict
- Issue 252 - Jacques Plaut, Understanding the impact of the Ukraine crisis on your investments
- Issue 251 - Carla Rossouw, How to maximise tax benefits before the end of February
- Issue 250 - Duncan Artus, Preparing for more uncertainty and volatility
- Issue 248 - Thalia Petousis and Rob Perrone, How to make sense of the current inflationary environment
- Issue 247 - Rory Kutisker-Jacobson, It’s the price you pay that matters
- Issue 246 - Duncan Artus, Active management - Potential for a comeback in a divided inflationary world
- Issue 245 - Carla Rossouw and Jaya Leibowitz, Understand the new rules around citizenship, exchange control and tax residency
- Issue 244 - Liezl Alberts, Do I need to file an income tax return for the 2021 tax year
- Issue 243 - Raine Naude, Our latest Stewardship and Business Sustainability Reports
- Issue 242 - Jacques Plaut, In pursuit of value
- Issue 241 - Sean Munsie and Tamryn Lamb, How not to succumb to chasing the money
- Issue 239 - Duncan Artus, Investment update - Taking advantage of disparities in the market
- Issue 238 - Shaun Duddy, Changes to provident and provident preservation funds - What will they mean for members
- Issue 237 - Braam Visser, Predicting the unpredictable
- Issue 236 - Stephan Bernard and Radhesen Naidoo, Flagship funds - Prospects look promising
- Issue 235 - Rory Kutisker-Jacobson, Do fundamentals still matter
- Issue 234 - Sandy McGregor, Will prescribed assets be used as a policy tool
- Issue 232 - Carrie Norden, Should I file a tax return for the 2020 tax year
- Issue 230 - Andrew Lapping, Opinion Counting the economic cost of South Africa’s lockdown
- Issue 226 - Radhesen Naidoo, Orbis Performance and positioning during COVID-19
- Issue 225 - Andrew Lapping, Coronavirus Taking stock of the state of the markets
- Issue 224 - Andrew Lapping, Making sense of current market conditions
- Issue 223 - Carla Rossouw, New tax laws for expats
- Issue 222 - Carrie Norden, Making the most of personal tax incentives
- Issue 221 - Andrew Lapping, In pursuit of undervalued assets
- Issue 220 - Carrie Furman, Facing the facts around retrenchment
- Issue 219 - Braam Visser, How to implement your New Year’s resolutions
- Issue 218 - Duncan Artus, Two decades for the Allan Gray Balanced Fund
- Issue 217 - Kevin Feather, Manage the investor not the investment
- Issue 216 - Tamryn Lamb, How bias can sink your investment success
- Issue 215 - Lettie Mzwinila, How to get into the habit of saving this savings month
- Issue 214 - Vuyo Nogantshi, Is your portfolio overly concentrated
- Issue 213 - Lettie Mzwinila, How you can influence your investment outcomes
- Issue 212 - Duncan Artus and Nathan Wridgway, The dash for cash
- Issue 211 - Carrie Furman, Is there any tax benefit in saving over the annual tax deductible amount towards retirement
- Issue 210 - Ciani Gower, Give your finances a fresh start
- Issue 209 - Andrew Lapping, Understanding underperformance
- Issue 208 - Lettie Mzwinila, How to approach your finances this festive season
- Issue 207 - Catherine Robberts, Is cash king
- Issue 206 - Belinda Carbutt, How to prevent a financial day zero
- Issue 205 - Carrie Furman, Why retirement contributions don't reduce the tax you pay on capital gains
- Issue 204 - Sonja Smit, Prioritise your dependants and loved ones during National Wills Week
- Issue 203 - Andrew Lapping, How to thrive in choppy markets
- Issue 202 - Lettie Mzwinila, Go on, take a financial wellness day off
- Issue 201 - Duncan Artus, Are you overly exposed to China
- Issue 200 - Andrew Lapping, Finding opportunity in the volatility
- Issue 199 - Mthobisi Mthimkhulu, How to pave the way for better decisions
- Issue 198 - Nick Ndiritu, Demystifying Africa’s debt markets
- Issue 197 - Andrew Lapping, Investment lessons from 2017
- Issue 196 - Andrew Lapping, How has your investment been impacted by the fall in the price of Steinhoff
- Issue 195 - Jeanette Marais, How to tame temptations
- Issue 194 - Carla Rossouw, What taxes do I pay when I invest offshore
- Issue 193 - Andrew Lapping and Todd Buchholz, Is now the time to invest
- Issue 192 - Carrie Furman, Retiring or withdrawing Think carefully before sending us the form
- Issue 191 - Nick Ndiritu, Value investing in Nigeria
- Issue 190 - Jeanette Marais, How to cope with ongoing uncertainty
- Issue 189 - Sandy McGregor, South Africa at a political crossroad
- Issue 188 - Andrew Lapping, Net1 - Do the right thing
- Issue 187 - Rob Dower, Clarifying our position on Net1
- Issue 186 - Carrie Furman, Let SARS help you pay for retirement
- Issue 185 - Andrew Lapping, Keep calm and carry on investing
- Issue 184 - Simon Mawhinney, Something has got to give
- Issue 183 - Bekithemba Mafulela, Primed for the windfall
- Issue 182 - Simon Raubenheimer, Did we get lucky
- Issue 181 - Michael Summerton, Fee transparency delivers value for your money
- Issue 180 - Bekithemba Mafulela, Are you a saver or a borrower
- Issue 179 - Duncan Artus, Managing portfolios in times of uncertainty
- Issue 178 - Mark Dunley-Owen, Commodities Opportunity or risk
- Issue 177 - Ian Liddle, Annual report from the outgoing chief investment officer
- Issue 176 - Jeanette Marais, 2015 and 2016 tax breaks
- Issue 175 - Richard Carter, Launching the Allan Gray Tax-Free Balanced Fund
- Issue 174 - Carla Rossouw, More for the future you, less for the tax man
- Issue 173 - Rob Dower, Interim investor update
- Issue 172 - Carla Rossouw, Your minor children and the taxman
- Issue 171 - Jeanette Marais, Tales of rice and rewards
- Issue 170 - Tamryn Lamb, A tale of two crises
- Issue 169 - Dr Suhas Nayak, Avoiding the overwhelming bias for action
- Issue 168 - Chris Tisdall, Life in a month
- Issue 167 - Jeanette Marais, Are we snookering ourselves with confirmation bias
- Issue 166 - Andrew Lapping, The sentiment pendulum
- Issue 165 - Carla Rossouw, Convert part of your tax bill into retirement savings
- Issue 164 - Ian Liddle, What do low bond yields mean for South African investors
- Issue 163 - Chris Tisdall, Tomorrow versus today
- Issue 162 - Richard Carter, Regulatory update
- Issue 161 - Andrew Lapping, The Allan Gray Bond Fund
- Issue 160 - Anna Lopatnikova, Equity investing in an unpredictable world
- Issue 159 - Ian Liddle and Andrew Lapping, The impact of events relating to African Bank
- Issue 158 - Jeanette Marais, Are you investment goals, products and expectations suitably aligned
- Issue 157 - Fiona Jeffery, How active is your manager
- Issue 156 - Tamryn Lamb, Introducing the Orbis Global Balanced Fund
- Issue 155 - Carla Rossouw, Retirement fund withdrawals and tax
- Issue 154 - Seema Dala, How to access investment opportunities in Asia
- Issue 153 - Shaun Duddy, Consider your lifestyle inflation when saving for retirement
- Issue 152 - Richard Carter and Johann Grandia, Accessing foreign investment opportunities
- Issue 151 - Ian Liddle, Time to review your equity exposure
- Issue 150 - Thandi Ngwane, Do you need a financial check-up
- Issue 149 - Sonja Smit, What happens to your retirement fund benefits when you die
- Issue 148 - Jeanette Marais, Fund ratings
- Issue 147 - Tracy Hirst, The variability of unit trust returns
- Issue 146 - Duncan Artus, A simple checklist for domestic asset allocation
- Issue 145 - Richard Carter, Rebates versus clean pricing
- Issue 144 - Thandi Ngwane, July is savings month - a good time to reassess your spending decisions
- Issue 143 - Jeanette Marais, Adding fund ratings to our offshore platform
- Issue 142 - Simon Marais, Australian exposure - an interesting opportunity
- Issue 141 - Rory Maguire, How to select the right investment manager
- Issue 140 - Wanita Isaacs, February - a good month to review your retirement plans
- Issue 139 - Ian Liddle, Not the time to relax risk appetite
- Issue 138 - Jeanette Marais and Carl Richards, Make financial planning a priority in 2013
- Issue 137 - Simon Raubenheimer, Message from our top 10 equity holdings
- Issue 136 - Richard Carter, Make sustainability a priority when planning your retirement income
- Issue 135 - Rob Formby, A balancing act
- Issue 134 - Jeanette Marais and Carl Richards, Logic fails to prevail in investment decision making
- Issue 133 - Shaun Duddy, The cost of waiting to save
- Issue 132 - Johan de Lange, New geography, more of the same investment philosophy
- Issue 131 - Duncan Artus, The trend is your friend till it bends at the end
- Issue 130 - Johann Grandia, The real effect of dividend withholding tax
- Issue 129 - Andrew MacFarlane and Fiona Jeffrey, Investment returns do not come in a straight line
- Issue 128 - Carla Rossouw, Dividend withholding tax increases 15 percent
- Issue 127 - Christo Terblanche, Retirement annuities
- Issue 126 - Ian Liddle, Looking back on 2011 and preparing for the years ahead
- Issue 125 - Rob Formby, Delayed gratification is priceless
- Issue 124 - Jeanette Marais, Use your head and not your heart and think long term
- Issue 123 - Jeanette Marais, It is worthwhile starting to save early - a little can go a long way
- Issue 122 - Delphine Govender, What we know for sure
- Issue 121 - Henk Pieterse, Facelift for Allan Gray fund factsheets
- Issue 120 - Duncan Artus, Can the level of interest rates be used to reliably predict investment returns
- Issue 119 - Chris du Toit, Can a share be geographically undesirable
- Issue 118 - Christo Terblanche, Clarity on the new retirement fund regulations
- Issue 117 - Christo Terblanche, Working with the new retirement fund regulations
- Issue 116 - Craig Bodenstab, Jonathan Brodie and Rob Dower - Japanese earthquake - 11 March 2011
- Issue 115 - Jeanette Marais, Think twice before cashing in retirement savings before you retire
- Issue 114 - Rob Formby, Retirement takes planning
- Issue 113 - Duncan Artus, Examining the value in South African equities over time
- Issue 112 - Ian Liddle, Allan Gray Stable Fund
- Issue 111 - Jeanette Marais, To have and to hold
- Issue 110 - Chris du Toit, Orbis funds
- Issue 109 - Richard Carter, The risk that doesn’t discriminate
- Issue 108 - Jonathan Turner, Last will and testament - not necessarily done and dusted
- Issue 107 - Rob Formby, July is savings month - a good time to start saving effectively
- Issue 106 - Chris du Toit, An opportune time to use available foreign capacity
- Issue 105 - Ian Liddle and Henk Pieterse, Reporting asset allocation in the balanced and stable funds
- Issue 104 - Duncan Artus, Insuring your investment portfolio
- Issue 103 - Richard Carter, Launch of the Allan Gray-Orbis Global Optimal Fund of Funds
- Issue 102 - Johan de Lange, One of the keys to long-term wealth creation is preserving capital
- Issue 101 - Rob Formby, February - the end of the tax year and the opportunity to make use
- Issue 100 - Ian Liddle, The bubble decade
- Issue 99 - Delphine Govender, The risk or risk trade-off
- Issue 98 - Chris du Toit, Opportunity knocks offshore
- Issue 97 - Jeanette Marais and Richard Carter, Allan Gray Balanced fund turns 10
- Issue 96 - Andrew Lapping, Managing the Allan Gray Bond Fund for total return
- Issue 95 - Lindy du Plessis, Why we remain cautious on prospective real local equity market returns
- Issue 94 - Rob Formby, July is savings month - July is savings month - a great time to start investing
- Issue 93 - Johan de Lange, The benefits of combining your retirement savings and transfers from UK
- Issue 92 - Andrew Lapping, Bonds and money market assets - the difference is in the detail
- Issue 91 - Richard Carter, Making better long-term investment decisions
- Issue 90 - Richard Carter, What a difference an endowment can make
- Issue 89 - Johan de Lange, Dont neglect your retirement savings in these tough economic times
- Issue 88 - Ian Liddle, Three themes to watch in 2009
- Issue 87 - Shannon Edwards, Plain language aims to remove complexity, improve
- Issue 86 - Duncan Artus, Volatile market presents equity buying opportunities
- Issue 85 - Simon Raubenheimer, Remgro and Richemont restructuring unlocks value
- Issue 84 - Sandy McGregor, History suggests there will be light at the end of the tunnel
- Issue 83 - Duncan Artus, A simple, quantitative view of the future
- Issue 82 - Johan de Lange, Take the emotion out of your investment decisions
- Issue 81 - Mahesh Cooper, Look through cycles to gain a long-term perspective on investing offshore
- Issue 80 - Johan de Lange, New funds on the investment platform
- Issue 79 - Delphine Govender, Optimise your returns in uncertain times
- Issue 78 - Andrew Lapping, Comment on positioning in Anglo American and BHP Billiton
- Issue 77 - Johan de Lange, New offshore funds are now available on the Allan Gray Investment
- Issue 76 - Richard Carter, Unit trust-based retirement annuities, Flexible, tax-efficient
- Issue 75 - Johan de Lange, New ACI categories from 1 January 2008 affect the Allan Gray Balanced
- Issue 74 - Andrew Lapping, The Allan Gray Money Market Fund
- Issue 73 - Mahesh Cooper, Positioning the Allan Gray-Orbis Global Fund of Funds
- Issue 72 - Simon Raubenheimer, British American Tobacco
- Issue 71 - Abdul Davids, European Union Sugar Reform
- Issue 70 - Ian Liddle, Beer, Cigarettes and Cell-phones
- Issue 69 - Greg Fury, Reputation is key
- Issue 68 - Duncan Artus, A different take on value
- Issue 67 - Michal Nosek, Sanlam
- Issue 66 - Sandy McGregor, South Africa in the context of global emerging market trends
- Issue 65 - Johan de Lange, Total expense ratios
- Issue 64 - Duncan Artus, Allan Gray supports significantly amended Shoprite offer
- Issue 63 - Duncan Artus, Private equity is a good thing
- Issue 62 - John Rainier, Allan Gray Property
- Issue 61 - Mahesh Cooper, The Allan Gray Stable Fund through different market conditions
- Issue 60 - Michael Moyle, The Allan Gray Money Market Fund
- Issue 59 - Ian Liddle, Why do we still own the platinum miners
- Issue 58 - Abdul Davids, The multiplier effect of free cashflow
- Issue 57 - Johan de Lange, Living annuities
- Issue 56 - Delphine Govender, The Allan Gray Optimal Fund
- Issue 55 - Sandy McGregor, The role of winter in a garden
- Issue 54 - Ian Liddle, Its choice - not chance - that determines your destiny
- Issue 53 - Mahesh Cooper, Capitalising on international opportunities
- Issue 52 - Johan de Lange, The benefits of using unit trusts for retirement planning
- Issue 51 - Greg Fury, Income funds - a good idea for conservative investors
- Issue 50 - Johan de Lange, A little goes a long way - the power of compound growth on your savings
- Issue 49 - Johan de Lange, Allan Gray individual life and retirement products
- Issue 48 - Johan de Lange, Allan Gray offers offshore and local funds on one investment platform
- Issue 47 - Stephen Mildenhall, The stable fund at five
- Issue 46 - Greg Fury, Back to basics with retirement annuities
- Issue 45 - Johan de Lange, Allan Gray launches a retail investment platform
- Issue 44 - Sandy McGregor, Economic discipline has its reward
- Issue 43 - Johan de Lange, New retail funds
- Issue 42 - Heaton van der Linde, On the contrary
- Issue 41 - Arjen Lugtenburg, From 2004 and into 2005
- Issue 40 - Anne Mayers, 2004 - A review
- Issue 39 - Arjen Lugtenburg, Allan Gray Balanced Fund turns 5
- Issue 38 - Stephen Mildenhall, The Allan Gray Optimal Fund
- Issue 37 - Johan de Lange, Allan Gray launches a bond fund
- Issue 36 - Johan de Lange, Reduction in fees
- Issue 35 - Greg Fury, Understanding performance in the current environment
- Issue 34 - Stephen Mildenhall, A closer look at the equity fund’s top holdings
- Issue 33 - Johan de Lange, Be realistic about returns
- Issue 32 - Barend Ritter, Changing boundaries
- Issue 31 - Stephen Mildenhall, The disparity in value within the market
- Issue 30 - Barend Ritter, Retirement annuities still offer exciting tax benefits
- Issue 29 - Arjen Lugtenburg, Outlook on 2004
- Issue 28 - Barend Ritter, An opportunity for retired people to reduce tax payable
- Issue 27 - Johan de Lange, The equity fund turns 5
- Issue 26 - Barend Ritter, How to structure your investment strategy close to retirement
- Issue 25 - Stephen Mildenhall and Julie Campbell, The higher than normal cash component in the
- Issue 24 - Richard Bedford, Introducing the Allan Gray Endowment
- Issue 23 - Johan de Lange, Sanlam or Allan Gray Relative Equity Fund
- Issue 22 - Michael Moyle, Allan Gray Money Market Fund
- Issue 21 - Arjen Lugtenburg, A longer term perspective of the South African equity market
- Issue 20 - Duncan Artus and Stephen Mildenhall, Is there value in South African equities
- Issue 19 - Sandy McGregor and Stephen Mildenhall, Currently, the subject of gold is not only a topical
- Issue 18 - Craig Bodenstab, Where do absolute return funds belong
- Issue 17 - Simon Marais, Is there value left in the cycle
- Issue 16 - Craig Bodenstab, Orbis Global Equity Fund receives SandP AAA rating
- Issue 15 - Johan de Lange, Try this for optimal results
- Issue 14 - Mark Herdman, Next week is savings week
- Issue 13 - Sandy, Cautious optimism
- Issue 12 - Simon Marais, High risk vs high reward
- Issue 11 - Mark Herdman, The importance of understanding periods of underperformance
- Issue 10 - Stephen Mildenhall, Things are looking up
- Issue 9 - Jack Mitchell and Edgar Loxton, Strengthening the international link
- Issue 8 - Arjen Lugtenburg, Index history is opportunity for investors
- Issue 7 - Johan de Lange, 2001 in perspective
- Issue 6 - Arjen Lugtenburg, Fourth quarter 2001
- Issue 5 - Stephen Mildenhall, Position is everything
- Issue 4 - Simon Marais, Allan Gray Equity Fund - Does size matter
- Issue 3 - Jack Mitchell, SandP index
- Issue 2 - Mark Herdman, September US crisis
- Issue 1 - Sandy McGregor
Annual Reports
The annual report is an overview of the performance of our unit trusts, which includes performance figures, financial statements and a summary of distributions.
- 2023 Annual Report
- 2022 Annual Report
- 2021 Annual Report
- 2020 Annual Report
- 2019 Annual Report
- 2018 Annual Report
- 2017 Annual Report
- 2016 Annual Report
- 2015 Annual Report
- 2014 Annual Report
- 2013 Annual Report
- 2012 Annual Report
- 2011 Annual Report
- 2010 Annual Report
- 2009 Annual Report
- 2008 Annual Report
- 2007 Annual Report
- 2006 Annual Report
- 2005 Annual Report
- 2004 Annual Report
- 2003 Annual Report
- 2002 Annual Report
- 2001 Annual Report
- 2000 Annual Report
- 1999 Annual Report
- 2023-Q4
- 2023-Q3
- 2023-Q2
- 2023-Q1
- 2022-Q4
- 2022-Q3
- 2022-Q2
- 2022-Q1
- 2021-Q4
- 2021-Q3
- 2021-Q2
- 2021-Q1
- 2020-Q4
- 2020-Q3
- 2020-Q2
- 2020-Q1
- 2019-Q4
- 2019-Q3
- 2019-Q2
- 2019-Q1
- 2018-Q4
- 2018-Q3
- 2018-Q2
- 2018-Q1
- 2017-Q4.PDF
- 2017-Q3
- 2017-Q2
- 2017-Q1
- 2016-Q4
- 2016-Q3
- 2016-Q2
- 2016-Q1
- 2015-Q4
- 2015-Q3
- 2015-Q2
- 2015-Q1
- 2014-Q4
- 2014-Q3
- 2014-Q2
- 2014-Q1
- 2013-Q4
- 2013-Q3
- 2013-Q2
- 2013-Q1
- 2012-Q4
- 2012-Q3
- 2012-Q2
- 2012-Q1
- 2011-Q4
- 2011-Q3
- 2011-Q2
- 2011-Q1
- 2010-Q4
- 2010-Q3
- 2010-Q2
- 2010-Q1
- 2009-Q4
- 2009-Q3
- 2009-Q2
- 2009-Q1
- 2008-Q4
- 2008-Q3
- 2008-Q2
- 2008-Q1
- 2007-Q4
- 2007-Q3
- 2007-Q2
- 2007-Q1
- 2006-Q4
- 2006-Q3
- 2006-Q2
- 2006-Q1
- 2005-Q4
- 2005-Q3
- 2005-Q2
- 2005-Q1
- 2004-Q4
- 2004-Q3
- 2004-Q2
- 2004-Q1
- 2003-Q4
- 2003-Q3
- 2003-Q2
- 2003-Q1
- 2002-Q4
- 2002-Q3
- 2002-Q2
- 2002-Q1
- 2001-Q4
- 2001-Q3
- 2001-Q2
- 2001-Q1
- 2000-Q4
- 2000-Q3
- 2000-Q2
- Issue 285 - Build a legacy with the Allan Gray Offshore Endowment
- Issue 283 - Duncan Artus, What will the election year hold
- Issue 279 - Jaya Leibowitz, Part 2 - The two-pot system – what we know for now
- Issue 280 - Jaya Leibowitz, Part 3 - The two-pot system and your savings withdrawal benefit
- Issue 278 - Richard Carter, Part 1 - Challenges and opportunities with South Africa’s retirement fund system
- Issue 276 - Alix Moreillon, Part 4 - Beneficiary payments to foreign bank accounts after death
- Issue 275 - Alix Moreillon, Part 3 - The lowdown on living annuity income payments to foreign bank accounts
- Issue 273 - Carla Rossouw, Part 1 - Understanding your tax obligations on leaving South Africa
- Issue 274 - Ebrahim Southgate, Part 2 - Unpacking South African tax obligations for non-resident living annuitants
- Issue 271 - Meagan Fraser, Are you ready for the 2023 tax-filing season
- Issue 267 - Carrie Norden, Unpacking the changes to the retirement fund lump sum tax tables
- Issue 265 - Sandy McGregor and Daniel van Andel, The consequences of South Africa's greylisting
- Issue 263 - Duncan Artus, Was 2022 a secular turning point and if so, what does it mean for the years ahead
- Issue 261 - Duncan Artus, How to invest in a changing world
- Issue 255 - Liezl Alberts, Are you ready for the 2022 modernised tax-filing season
- Issue 254 - Thalia Petousis, Food price inflation Are we watching “That ‘70s Show”
- Issue 253 - Horacia Naidoo-McCarthy, What price are we paying for the Russia-Ukraine conflict
- Issue 252 - Jacques Plaut, Understanding the impact of the Ukraine crisis on your investments
- Issue 251 - Carla Rossouw, How to maximise tax benefits before the end of February
- Issue 250 - Duncan Artus, Preparing for more uncertainty and volatility
- Issue 248 - Thalia Petousis and Rob Perrone, How to make sense of the current inflationary environment
- Issue 247 - Rory Kutisker-Jacobson, It’s the price you pay that matters
- Issue 246 - Duncan Artus, Active management - Potential for a comeback in a divided inflationary world
- Issue 245 - Carla Rossouw and Jaya Leibowitz, Understand the new rules around citizenship, exchange control and tax residency
- Issue 244 - Liezl Alberts, Do I need to file an income tax return for the 2021 tax year
- Issue 243 - Raine Naude, Our latest Stewardship and Business Sustainability Reports
- Issue 242 - Jacques Plaut, In pursuit of value
- Issue 241 - Sean Munsie and Tamryn Lamb, How not to succumb to chasing the money
- Issue 239 - Duncan Artus, Investment update - Taking advantage of disparities in the market
- Issue 238 - Shaun Duddy, Changes to provident and provident preservation funds - What will they mean for members
- Issue 237 - Braam Visser, Predicting the unpredictable
- Issue 236 - Stephan Bernard and Radhesen Naidoo, Flagship funds - Prospects look promising
- Issue 235 - Rory Kutisker-Jacobson, Do fundamentals still matter
- Issue 234 - Sandy McGregor, Will prescribed assets be used as a policy tool
- Issue 232 - Carrie Norden, Should I file a tax return for the 2020 tax year
- Issue 230 - Andrew Lapping, Opinion Counting the economic cost of South Africa’s lockdown
- Issue 226 - Radhesen Naidoo, Orbis Performance and positioning during COVID-19
- Issue 225 - Andrew Lapping, Coronavirus Taking stock of the state of the markets
- Issue 224 - Andrew Lapping, Making sense of current market conditions
- Issue 223 - Carla Rossouw, New tax laws for expats
- Issue 222 - Carrie Norden, Making the most of personal tax incentives
- Issue 221 - Andrew Lapping, In pursuit of undervalued assets
- Issue 220 - Carrie Furman, Facing the facts around retrenchment
- Issue 219 - Braam Visser, How to implement your New Year’s resolutions
- Issue 218 - Duncan Artus, Two decades for the Allan Gray Balanced Fund
- Issue 217 - Kevin Feather, Manage the investor not the investment
- Issue 216 - Tamryn Lamb, How bias can sink your investment success
- Issue 215 - Lettie Mzwinila, How to get into the habit of saving this savings month
- Issue 214 - Vuyo Nogantshi, Is your portfolio overly concentrated
- Issue 213 - Lettie Mzwinila, How you can influence your investment outcomes
- Issue 212 - Duncan Artus and Nathan Wridgway, The dash for cash
- Issue 211 - Carrie Furman, Is there any tax benefit in saving over the annual tax deductible amount towards retirement
- Issue 210 - Ciani Gower, Give your finances a fresh start
- Issue 209 - Andrew Lapping, Understanding underperformance
- Issue 208 - Lettie Mzwinila, How to approach your finances this festive season
- Issue 207 - Catherine Robberts, Is cash king
- Issue 206 - Belinda Carbutt, How to prevent a financial day zero
- Issue 205 - Carrie Furman, Why retirement contributions don't reduce the tax you pay on capital gains
- Issue 204 - Sonja Smit, Prioritise your dependants and loved ones during National Wills Week
- Issue 203 - Andrew Lapping, How to thrive in choppy markets
- Issue 202 - Lettie Mzwinila, Go on, take a financial wellness day off
- Issue 201 - Duncan Artus, Are you overly exposed to China
- Issue 200 - Andrew Lapping, Finding opportunity in the volatility
- Issue 199 - Mthobisi Mthimkhulu, How to pave the way for better decisions
- Issue 198 - Nick Ndiritu, Demystifying Africa’s debt markets
- Issue 197 - Andrew Lapping, Investment lessons from 2017
- Issue 196 - Andrew Lapping, How has your investment been impacted by the fall in the price of Steinhoff
- Issue 195 - Jeanette Marais, How to tame temptations
- Issue 194 - Carla Rossouw, What taxes do I pay when I invest offshore
- Issue 193 - Andrew Lapping and Todd Buchholz, Is now the time to invest
- Issue 192 - Carrie Furman, Retiring or withdrawing Think carefully before sending us the form
- Issue 191 - Nick Ndiritu, Value investing in Nigeria
- Issue 190 - Jeanette Marais, How to cope with ongoing uncertainty
- Issue 189 - Sandy McGregor, South Africa at a political crossroad
- Issue 188 - Andrew Lapping, Net1 - Do the right thing
- Issue 187 - Rob Dower, Clarifying our position on Net1
- Issue 186 - Carrie Furman, Let SARS help you pay for retirement
- Issue 185 - Andrew Lapping, Keep calm and carry on investing
- Issue 184 - Simon Mawhinney, Something has got to give
- Issue 183 - Bekithemba Mafulela, Primed for the windfall
- Issue 182 - Simon Raubenheimer, Did we get lucky
- Issue 181 - Michael Summerton, Fee transparency delivers value for your money
- Issue 180 - Bekithemba Mafulela, Are you a saver or a borrower
- Issue 179 - Duncan Artus, Managing portfolios in times of uncertainty
- Issue 178 - Mark Dunley-Owen, Commodities Opportunity or risk
- Issue 177 - Ian Liddle, Annual report from the outgoing chief investment officer
- Issue 176 - Jeanette Marais, 2015 and 2016 tax breaks
- Issue 175 - Richard Carter, Launching the Allan Gray Tax-Free Balanced Fund
- Issue 174 - Carla Rossouw, More for the future you, less for the tax man
- Issue 173 - Rob Dower, Interim investor update
- Issue 172 - Carla Rossouw, Your minor children and the taxman
- Issue 171 - Jeanette Marais, Tales of rice and rewards
- Issue 170 - Tamryn Lamb, A tale of two crises
- Issue 169 - Dr Suhas Nayak, Avoiding the overwhelming bias for action
- Issue 168 - Chris Tisdall, Life in a month
- Issue 167 - Jeanette Marais, Are we snookering ourselves with confirmation bias
- Issue 166 - Andrew Lapping, The sentiment pendulum
- Issue 165 - Carla Rossouw, Convert part of your tax bill into retirement savings
- Issue 164 - Ian Liddle, What do low bond yields mean for South African investors
- Issue 163 - Chris Tisdall, Tomorrow versus today
- Issue 162 - Richard Carter, Regulatory update
- Issue 161 - Andrew Lapping, The Allan Gray Bond Fund
- Issue 160 - Anna Lopatnikova, Equity investing in an unpredictable world
- Issue 159 - Ian Liddle and Andrew Lapping, The impact of events relating to African Bank
- Issue 158 - Jeanette Marais, Are you investment goals, products and expectations suitably aligned
- Issue 157 - Fiona Jeffery, How active is your manager
- Issue 156 - Tamryn Lamb, Introducing the Orbis Global Balanced Fund
- Issue 155 - Carla Rossouw, Retirement fund withdrawals and tax
- Issue 154 - Seema Dala, How to access investment opportunities in Asia
- Issue 153 - Shaun Duddy, Consider your lifestyle inflation when saving for retirement
- Issue 152 - Richard Carter and Johann Grandia, Accessing foreign investment opportunities
- Issue 151 - Ian Liddle, Time to review your equity exposure
- Issue 150 - Thandi Ngwane, Do you need a financial check-up
- Issue 149 - Sonja Smit, What happens to your retirement fund benefits when you die
- Issue 148 - Jeanette Marais, Fund ratings
- Issue 147 - Tracy Hirst, The variability of unit trust returns
- Issue 146 - Duncan Artus, A simple checklist for domestic asset allocation
- Issue 145 - Richard Carter, Rebates versus clean pricing
- Issue 144 - Thandi Ngwane, July is savings month - a good time to reassess your spending decisions
- Issue 143 - Jeanette Marais, Adding fund ratings to our offshore platform
- Issue 142 - Simon Marais, Australian exposure - an interesting opportunity
- Issue 141 - Rory Maguire, How to select the right investment manager
- Issue 140 - Wanita Isaacs, February - a good month to review your retirement plans
- Issue 139 - Ian Liddle, Not the time to relax risk appetite
- Issue 138 - Jeanette Marais and Carl Richards, Make financial planning a priority in 2013
- Issue 137 - Simon Raubenheimer, Message from our top 10 equity holdings
- Issue 136 - Richard Carter, Make sustainability a priority when planning your retirement income
- Issue 135 - Rob Formby, A balancing act
- Issue 134 - Jeanette Marais and Carl Richards, Logic fails to prevail in investment decision making
- Issue 133 - Shaun Duddy, The cost of waiting to save
- Issue 132 - Johan de Lange, New geography, more of the same investment philosophy
- Issue 131 - Duncan Artus, The trend is your friend till it bends at the end
- Issue 130 - Johann Grandia, The real effect of dividend withholding tax
- Issue 129 - Andrew MacFarlane and Fiona Jeffrey, Investment returns do not come in a straight line
- Issue 128 - Carla Rossouw, Dividend withholding tax increases 15 percent
- Issue 127 - Christo Terblanche, Retirement annuities
- Issue 126 - Ian Liddle, Looking back on 2011 and preparing for the years ahead
- Issue 125 - Rob Formby, Delayed gratification is priceless
- Issue 124 - Jeanette Marais, Use your head and not your heart and think long term
- Issue 123 - Jeanette Marais, It is worthwhile starting to save early - a little can go a long way
- Issue 122 - Delphine Govender, What we know for sure
- Issue 121 - Henk Pieterse, Facelift for Allan Gray fund factsheets
- Issue 120 - Duncan Artus, Can the level of interest rates be used to reliably predict investment returns
- Issue 119 - Chris du Toit, Can a share be geographically undesirable
- Issue 118 - Christo Terblanche, Clarity on the new retirement fund regulations
- Issue 117 - Christo Terblanche, Working with the new retirement fund regulations
- Issue 116 - Craig Bodenstab, Jonathan Brodie and Rob Dower - Japanese earthquake - 11 March 2011
- Issue 115 - Jeanette Marais, Think twice before cashing in retirement savings before you retire
- Issue 114 - Rob Formby, Retirement takes planning
- Issue 113 - Duncan Artus, Examining the value in South African equities over time
- Issue 112 - Ian Liddle, Allan Gray Stable Fund
- Issue 111 - Jeanette Marais, To have and to hold
- Issue 110 - Chris du Toit, Orbis funds
- Issue 109 - Richard Carter, The risk that doesn’t discriminate
- Issue 108 - Jonathan Turner, Last will and testament - not necessarily done and dusted
- Issue 107 - Rob Formby, July is savings month - a good time to start saving effectively
- Issue 106 - Chris du Toit, An opportune time to use available foreign capacity
- Issue 105 - Ian Liddle and Henk Pieterse, Reporting asset allocation in the balanced and stable funds
- Issue 104 - Duncan Artus, Insuring your investment portfolio
- Issue 103 - Richard Carter, Launch of the Allan Gray-Orbis Global Optimal Fund of Funds
- Issue 102 - Johan de Lange, One of the keys to long-term wealth creation is preserving capital
- Issue 101 - Rob Formby, February - the end of the tax year and the opportunity to make use
- Issue 100 - Ian Liddle, The bubble decade
- Issue 99 - Delphine Govender, The risk or risk trade-off
- Issue 98 - Chris du Toit, Opportunity knocks offshore
- Issue 97 - Jeanette Marais and Richard Carter, Allan Gray Balanced fund turns 10
- Issue 96 - Andrew Lapping, Managing the Allan Gray Bond Fund for total return
- Issue 95 - Lindy du Plessis, Why we remain cautious on prospective real local equity market returns
- Issue 94 - Rob Formby, July is savings month - July is savings month - a great time to start investing
- Issue 93 - Johan de Lange, The benefits of combining your retirement savings and transfers from UK
- Issue 92 - Andrew Lapping, Bonds and money market assets - the difference is in the detail
- Issue 91 - Richard Carter, Making better long-term investment decisions
- Issue 90 - Richard Carter, What a difference an endowment can make
- Issue 89 - Johan de Lange, Dont neglect your retirement savings in these tough economic times
- Issue 88 - Ian Liddle, Three themes to watch in 2009
- Issue 87 - Shannon Edwards, Plain language aims to remove complexity, improve
- Issue 86 - Duncan Artus, Volatile market presents equity buying opportunities
- Issue 85 - Simon Raubenheimer, Remgro and Richemont restructuring unlocks value
- Issue 84 - Sandy McGregor, History suggests there will be light at the end of the tunnel
- Issue 83 - Duncan Artus, A simple, quantitative view of the future
- Issue 82 - Johan de Lange, Take the emotion out of your investment decisions
- Issue 81 - Mahesh Cooper, Look through cycles to gain a long-term perspective on investing offshore
- Issue 80 - Johan de Lange, New funds on the investment platform
- Issue 79 - Delphine Govender, Optimise your returns in uncertain times
- Issue 78 - Andrew Lapping, Comment on positioning in Anglo American and BHP Billiton
- Issue 77 - Johan de Lange, New offshore funds are now available on the Allan Gray Investment
- Issue 76 - Richard Carter, Unit trust-based retirement annuities, Flexible, tax-efficient
- Issue 75 - Johan de Lange, New ACI categories from 1 January 2008 affect the Allan Gray Balanced
- Issue 74 - Andrew Lapping, The Allan Gray Money Market Fund
- Issue 73 - Mahesh Cooper, Positioning the Allan Gray-Orbis Global Fund of Funds
- Issue 72 - Simon Raubenheimer, British American Tobacco
- Issue 71 - Abdul Davids, European Union Sugar Reform
- Issue 70 - Ian Liddle, Beer, Cigarettes and Cell-phones
- Issue 69 - Greg Fury, Reputation is key
- Issue 68 - Duncan Artus, A different take on value
- Issue 67 - Michal Nosek, Sanlam
- Issue 66 - Sandy McGregor, South Africa in the context of global emerging market trends
- Issue 65 - Johan de Lange, Total expense ratios
- Issue 64 - Duncan Artus, Allan Gray supports significantly amended Shoprite offer
- Issue 63 - Duncan Artus, Private equity is a good thing
- Issue 62 - John Rainier, Allan Gray Property
- Issue 61 - Mahesh Cooper, The Allan Gray Stable Fund through different market conditions
- Issue 60 - Michael Moyle, The Allan Gray Money Market Fund
- Issue 59 - Ian Liddle, Why do we still own the platinum miners
- Issue 58 - Abdul Davids, The multiplier effect of free cashflow
- Issue 57 - Johan de Lange, Living annuities
- Issue 56 - Delphine Govender, The Allan Gray Optimal Fund
- Issue 55 - Sandy McGregor, The role of winter in a garden
- Issue 54 - Ian Liddle, Its choice - not chance - that determines your destiny
- Issue 53 - Mahesh Cooper, Capitalising on international opportunities
- Issue 52 - Johan de Lange, The benefits of using unit trusts for retirement planning
- Issue 51 - Greg Fury, Income funds - a good idea for conservative investors
- Issue 50 - Johan de Lange, A little goes a long way - the power of compound growth on your savings
- Issue 49 - Johan de Lange, Allan Gray individual life and retirement products
- Issue 48 - Johan de Lange, Allan Gray offers offshore and local funds on one investment platform
- Issue 47 - Stephen Mildenhall, The stable fund at five
- Issue 46 - Greg Fury, Back to basics with retirement annuities
- Issue 45 - Johan de Lange, Allan Gray launches a retail investment platform
- Issue 44 - Sandy McGregor, Economic discipline has its reward
- Issue 43 - Johan de Lange, New retail funds
- Issue 42 - Heaton van der Linde, On the contrary
- Issue 41 - Arjen Lugtenburg, From 2004 and into 2005
- Issue 40 - Anne Mayers, 2004 - A review
- Issue 39 - Arjen Lugtenburg, Allan Gray Balanced Fund turns 5
- Issue 38 - Stephen Mildenhall, The Allan Gray Optimal Fund
- Issue 37 - Johan de Lange, Allan Gray launches a bond fund
- Issue 36 - Johan de Lange, Reduction in fees
- Issue 35 - Greg Fury, Understanding performance in the current environment
- Issue 34 - Stephen Mildenhall, A closer look at the equity fund’s top holdings
- Issue 33 - Johan de Lange, Be realistic about returns
- Issue 32 - Barend Ritter, Changing boundaries
- Issue 31 - Stephen Mildenhall, The disparity in value within the market
- Issue 30 - Barend Ritter, Retirement annuities still offer exciting tax benefits
- Issue 29 - Arjen Lugtenburg, Outlook on 2004
- Issue 28 - Barend Ritter, An opportunity for retired people to reduce tax payable
- Issue 27 - Johan de Lange, The equity fund turns 5
- Issue 26 - Barend Ritter, How to structure your investment strategy close to retirement
- Issue 25 - Stephen Mildenhall and Julie Campbell, The higher than normal cash component in the
- Issue 24 - Richard Bedford, Introducing the Allan Gray Endowment
- Issue 23 - Johan de Lange, Sanlam or Allan Gray Relative Equity Fund
- Issue 22 - Michael Moyle, Allan Gray Money Market Fund
- Issue 21 - Arjen Lugtenburg, A longer term perspective of the South African equity market
- Issue 20 - Duncan Artus and Stephen Mildenhall, Is there value in South African equities
- Issue 19 - Sandy McGregor and Stephen Mildenhall, Currently, the subject of gold is not only a topical
- Issue 18 - Craig Bodenstab, Where do absolute return funds belong
- Issue 17 - Simon Marais, Is there value left in the cycle
- Issue 16 - Craig Bodenstab, Orbis Global Equity Fund receives SandP AAA rating
- Issue 15 - Johan de Lange, Try this for optimal results
- Issue 14 - Mark Herdman, Next week is savings week
- Issue 13 - Sandy, Cautious optimism
- Issue 12 - Simon Marais, High risk vs high reward
- Issue 11 - Mark Herdman, The importance of understanding periods of underperformance
- Issue 10 - Stephen Mildenhall, Things are looking up
- Issue 9 - Jack Mitchell and Edgar Loxton, Strengthening the international link
- Issue 8 - Arjen Lugtenburg, Index history is opportunity for investors
- Issue 7 - Johan de Lange, 2001 in perspective
- Issue 6 - Arjen Lugtenburg, Fourth quarter 2001
- Issue 5 - Stephen Mildenhall, Position is everything
- Issue 4 - Simon Marais, Allan Gray Equity Fund - Does size matter
- Issue 3 - Jack Mitchell, SandP index
- Issue 2 - Mark Herdman, September US crisis
- Issue 1 - Sandy McGregor
- 2023 Annual Report
- 2022 Annual Report
- 2021 Annual Report
- 2020 Annual Report
- 2019 Annual Report
- 2018 Annual Report
- 2017 Annual Report
- 2016 Annual Report
- 2015 Annual Report
- 2014 Annual Report
- 2013 Annual Report
- 2012 Annual Report
- 2011 Annual Report
- 2010 Annual Report
- 2009 Annual Report
- 2008 Annual Report
- 2007 Annual Report
- 2006 Annual Report
- 2005 Annual Report
- 2004 Annual Report
- 2003 Annual Report
- 2002 Annual Report
- 2001 Annual Report
- 2000 Annual Report
- 1999 Annual Report
Local fund factsheets
Unit trust
Factsheet
Allan Gray Unit Trust Quarterly Portfolio Disclosures
Latest disclosure: 31 March 2024
Offshore fund factsheets
Orbis
Factsheet
Orbis Global Equity Fund (USD) (Class RRFA)
Orbis SICAV Emerging Markets Equity Fund (USD) (Class RRFA)
Orbis SICAV Japan Equity Fund (JPY) (Class RRFA)
Orbis SICAV Global Balanced Fund (USD) (Class RRFA)
Orbis Optimal SA Fund (USD) (Class A)
Orbis Optimal SA Fund (EUR) (Class A)
Historic local fund factsheets
- Allan Gray Equity Fund Allan Gray Balanced Fund Allan Gray Tax-Free Balanced Fund Allan Gray Stable Fund Allan Gray Money Market Fund Allan Gray - Orbis Global Equity Feeder Fund Allan Gray - Orbis Global Balanced Feeder Fund Allan Gray - Orbis Global Optimal Fund of Funds Allan Gray SA Equity Fund Allan Gray Optimal Fund Allan Gray Bond Fund
- All
Historic offshore fund factsheets
- Orbis Global Equity Fund (USD) (Class RRFA) Orbis SICAV Emerging Markets Equity Fund (USD) (Class RRFA) Orbis SICAV Japan Equity Fund (JPY) (Class RRFA) Orbis SICAV Global Balanced Fund (USD) (Class RRFA) Orbis Optimal SA Fund (USD) (Class A) Orbis Optimal SA Fund (EUR) (Class A)
- All Orbis
- Allan Gray Africa Bond Fund (USD) (Class C) Allan Gray Africa ex-SA Equity Fund (USD) (Class C) Allan Gray Frontier Markets Equity Fund (USD) (Class C) Allan Gray Africa Equity Fund (USD) (Class A) Allan Gray Australia Balanced Fund (AUD) Allan Gray Australia Equity Fund (AUD) (Class A) Allan Gray Australia Stable Fund (AUD)