Northam: One fund buys, another sells

Comment on this story

A small cap fund of Coronation Fund Managers has boosted its stake in Northam Platinum even as a similar fund at Investec Asset Management dumped it. “We’ve added Northam as a small position,” Siphamandla Shozi of the Coronation Smaller Companies Fund said. “We like the prospects of the platinum sector.” But Richard Middleton of the Investec Emerging Companies Fund said: “We’ve sold out of Northam” because of the cost of last year’s 11-week strike. – Bloomberg

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines