Independent Securities

Your Investment Partner


Who We Are

Independent Securities is focused purely on delivering superior investment performance for clients at a reasonable cost. Our disciplined and systematic investment process has resulted in our long-term performance track record of outperforming relevant benchmarks and peer groups. Our investment strategy is to simply invest in great companies that can be purchased at an attractive price and hold these companies for the long-term.

Independent Securities is a JSE member that specialises in full discretionary portfolio and asset management across various mandates. Our business is well-established and has been a JSE member since 1998. The company is privately owned by management and the founders continue to be integrally involved in the business on a day to day basis. Our portfolio managers have significant investment experience and are supported by stable and highly competent administrative team. We have a robust and flexible investment administration platform catering to all our clients’ needs.

We have in excess of R22bn of funds under administration and management. This is spread over 2,300 clients. The company operates from three offices: Illovo (head office), Stellenbosch and Pretoria. We employ 31 people, 17 of whom are portfolio managers. In addition to our JSE license, we also have FSB category 2, 2A licenses. Only fifteen of approximately 60 JSE members have CSP license which signifies the high levels of internal control and segregation of duties embedded into our internal processes

Fun Facts

0 Billion in Assets
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Our Services

Local Portfolio Management

Invest in a managed long-term share portfolio that owns high quality JSE listed companies with a highly compelling investment case.

Global Portfolio Management

Invest in a managed long-term share portfolio that owns high quality Globally listed companies with a highly compelling investment case.


We can manage your retirement annuity, living annuity, preservation provident / pension fund or portfolio and invest directly in JSE and Globally listed companies.

Unit Trust

Own some of the greatest businesses in the world by investing in our Dublin based fund.


Enjoy above average interest rates on cash investments.


Buy and sell shares on the JSE, or transact in over 20,000 shares Globally.

Our Value Proposition


We are a focused investment manager and do not offer ancillary services so we can concentrate on allocating your investment capital in the most optimal manner.


Our clients have a personal and one on one relationship with our portfolio managers and can speak to the person making the actual investment decisions at any time.

Track Record

We have a long-term track record of outperforming our benchmark and peer group.


Our investment team has been incredibly stable for an extensive period and they have a collective experience span of 415 years, or 23 years per member.


We started over 20 years ago and have developed a disciplined investment process and a highly efficient administrative platform.


Fees count in the long-term so we ensure our fees are competitive and we don’t charge performance or upfront fees.

Our Investment Philosophy

Great Companies

Invest in businesses that have exceptional and sustainable business models.


Only commit capital to businesses where we believe the purchase price is attractive and probable of delivering acceptable long-term investment performance.


Aim to buy and hold companies indefinitely as this is the surest way to generate superior investment performance.

Market Timing

We simply don’t believe in market timing because of the opportunity cost, higher fees and tax implications.


Our concentrated portfolios hold between 15-25 shares so our high conviction ideas have a meaningful impact on investment performance.

Stock picking

We use a fundamental bottom-up approach that assesses both quantitative and qualitative aspects to select businesses for portfolios.

“Revenue is vanity profit is sanity but cashflow is reality.”


Our Latest Research

Valuable insights

01 Feb 2024

2024 Investment Outlook

As we reflect on last year's stock market performance, we also identify sectors and themes that will likely dominate in the year ahead...

06 Dec 2023

Time to Take Interest

When investors contemplate market crashes or bear markets, the narrative is typically around the precipitous fall in the stock market's value. However, this year has seen one of the worst bear markets in history, but instead of stock markets collapsing, it has been global bond markets....

28 Sep 2023

A Stock For All Seasons

Investing in the stock market can be a daunting experience as investors need to consider global macroeconomics, industry dynamics, and, ultimately, which stock represents their best investment view....

11 Aug 2023

5 Things women wish they could tell their younger selves about money and investments

We chatted with various women across South Africa to determine the invaluable wisdom they would share with their younger selves about money and investments...

05 May 2023

8 Simple Tips to Maximise Your Wealth

Creating long-term wealth is not just about finding a fund manager with a purple patch or picking the next ten-bagger stock...

09 Feb 2023

Defending Against Eskom and Wealth Shedding

It has been 22 years since Eskom was awarded the prestigious Power Company of the Year in the Financial Times' annual Global Energy Awards...

13 Jan 2023

Nine out of Five - 2023 Outlook

The dominant investor view at this stage is that the US economy will move into a modest recession during 2023...

05 Dec 2022

Reflecting on 2022

The year of 2022 can be described by several diverging factors. When reflecting on 2022 it is important to note the preceding factors that changed quickly that resulted in the dramatic changes that occurred during the year...

15 Nov 2022

Growth Finally Comes at a Reasonable Price

The years following the covid pandemic can be described as “unprecedented” due to the significant amount of volatility, both to the upside and the downside in the markets...

20 Oct 2022

Tactical Investment Opportunities

Markets are under considerable duress, mainly because the US Federal Reserve (Fed) has hiked interest rates faster than the market had anticipated to curb runaway inflation, pushing the US economy towards a recession...

03 Aug 2022

Exchange Traded Funds versus Unit Trusts

In the last couple of years, global investment markets have experienced an explosion in the listings of an investment product called an exchange-traded fund (ETFs)....

08 Jul 2022

The Bare Truth

The S&P500 is embedded in bear market territory and there is a deafening crescendo of negative rhetoric about generational inflation highs and a looming recession...

10 May 2022

Now What

At the moment there is significant news flow around geopolitics, economics and equity markets. The quantum of news flow is dizzying and leads investors to perpetually question their investment strategy...

30 Mar 2022

Inflection Point

According to Investopedia “An inflection point is an event that results in a significant change in the progress of a company, industry, sector, economy, or geopolitical situation and can be considered a turning point after which a dramatic change, with either positive or negative results, is expected to result.”

Assets Under Management

Unit Trust

Our People

We are here to help you with your investments

Get In Touch

Don't hesitate to contact us

Johannesburg Office 39 Ferguson Road, Illovo, 2196 E: [email protected] P: 011 489 5400 Pretoria Office Cnr Dyer & Lynnwood Road, Hillcrest, 0075 E: [email protected] P: 012 362 2772 Stellenbosch Office 153 Dorp Street, Stellenbosch, 7600 E: [email protected] P: 021 882 8680
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