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Why it’s wise to invest in Famous Brands (owner of Steers, Wimpy, Debonairs…)

Here are the best investments on the Johannesburg Stock Exchange right now, according to Michael Treherne, Portfolio Manager at Vestact:

Brait

Brait is one of the largest private equity firms in South Africa. Its holdings include Primedia Broadcasting, owner of this website.

Richemont

Richemont, founded in 1988 by Johann Rupert, is the owner of Dunhill, Cartier, Montblanc and many other global luxury brands.

Through its subsidiaries it designs, manufactures, distributes and sells premium jewellery, watches, leather goods, writing instruments, firearms, clothing and accessories.

Famous Brands

Famous Brands is Africa's leading fast food franchisor.

Listen to the audio (scroll down) for more detail.

Brait sold Pepkor and used the cash to buy Virgin Active.

Michael Treherne, Portfolio Manager at Vestact

Famous Brands is a 'rest of Africa' story. The margins in the rest of the Continent are huge. They have a lot of cash and no debt.

Michael Treherne, Portfolio Manager at Vestact

Richemont owns brands that are a couple of hundreds of years old. Its share price has gone sideways for two years.

Michael Treherne, Portfolio Manager at Vestact

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