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
Invest in a managed long-term share portfolio that owns high quality JSE listed companies with a highly compelling investment case.
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.
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.
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.
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.
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.
We use a fundamental bottom-up approach that assesses both quantitative and qualitative aspects to select businesses for portfolios.
Global financial markets are in absolute turmoil! The record-beating 11-year old U.S. bull market has now come to an end, and with it, the fastest bear market in history. Bear markets, which are defined as a 20% decline from the peak, have historically taken months to be reached.
Oh my! What a gut-wrenching, nerve-shattering, and emotionally draining week for investors. To what end do we endure vertiginous volatility and material capital drawdowns? Instinctively, our inherent psychological biases kick in, causing mayhem in any logical thought process.
Broadband internet connectivity has forever changed how media content is distributed and consumed. The days of a family sitting each Tuesday evening cosily at 8 pm to watch their favourite television program are gone...
With a population of 1.4 billion people and 700 million internet users it does not take much to figure out there is a significant long-term and structural opportunity in the nascent Chinese online video industry..
“AI will further cleave open the divide between the haves and the have-nots. The positive-feedback loop generated by increasing amounts of data means the AI-driven industries naturally tend toward monopoly...
Naspers wishes to reduce the long-term discount (currently 34%) that its share trades at relative to net asset value (NAV). They believe the biggest structural reason for the valuation discount is because Naspers comprises almost 25% of the JSE Shareholder Weighted Index, compared to 5% in 2013. Simply stated, South African investors cannot buy anymore Naspers as it is already their largest investment holding by far...
Disney is the quintessential staple in every family’s entertainment. Catering for all age groups, from the little ones enjoying Disney Junior, or visiting Disneyland, to an array of adults catching the latest sports match, or teenagers simply anticipating the next Avengers blockbuster movie...
There was no place to hide in 2018. Even for a well-diversified global portfolio returns were appalling. All 17 asset classes measured by Morgan Stanley produced negative returns in 2018 which is a rarity even when measured over the last century....
Returns from South African equities over the last four years can only be described as horrendous. These miserable returns have accelerated over the past two months because of investor concerns...
We have observed two significant and disruptive technological waves over the last two decades. The first was the internet wave. And the second was the mobile wave. Both had an indelible and unimaginable transformative impact on mankind...
Understandably, investors on the JSE are frustrated. The All Share Index (Alsi) has wobbled ceaselessly for the last four years like a rudderless dinghy on a perilous ocean...
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