News - 2025
Lisa Stride December 2025 Accountingweb
All I want for Christmas is… an ISA
Lisa Stride, Wealth Manager at Credo, highlights the benefits of gifting differently by including something unique to a festive budget. Whilst there is a 29% surge in household spending for December, Stride proposes ISAs and JISAs as meaningful gifts, offering tax free growth and long-term value.
Even modest contributions can compound significantly, supporting future education costs or financial security. Professional guidance, she notes, helps investors avoid common pitfalls such as poor diversification or panic selling. Her message is clear: spend responsibly, gift with foresight, and let investments work for the future.
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Jason Spilkin December 2025 IOL
Jason Spilkin featured in IOL article
Jason Spilkin, Co-Portfolio Manager at Credo, was recently featured in IOL, where he discussed how artificial intelligence is rapidly transforming digital advertising. He highlighted that AI is making content creation faster, more cost-effective, and increasingly impactful.
The article examines how Google and Meta are leveraging their vast data, infrastructure, and AI capabilities from text to video generators to advanced recommendation systems, to drive engagement and monetization. Google’s cloud-based AI investments are already delivering strong returns, while Meta’s more aggressive and speculative spending has raised concerns among investors.
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Thomas Keogh December 2025
November in review
Global markets were mixed in November balancing a resilient earnings season amid concerns around ongoing inflation and high valuations in the AI sector. US equities were broadly flat, with the S&P 500 posting a modest gain of 0.2%, while the Nasdaq declined by 1.4%, reflecting weakness in the Technology sector after a strong performance since the start of the year. European markets were similarly subdued. The Euro STOXX 50 and FTSE 100 rose by 0.3% and 0.4%, respectively, supported by...
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Best Ideas Portfolio Dividend Growth PortfolioMulti-Asset Portfolio Core 20/80 Multi-Asset Portfolio Core 45/55 Multi-Asset Portfolio Core 60/40 Multi-Asset Portfolio Core 70/30
Multi-Asset Portfolio ESG 20/80 Multi-Asset Portfolio ESG 45/55 Multi-Asset Portfolio ESG 60/40 Multi-Asset Portfolio ESG 70/30
Deon Gouws December 2025 Financial Mail
View from the Thames
In his final Financial Mail column for 2025, Credo’s Chief Investment Officer, Deon Gouws, pays tribute to his second cousin Rudolf Gouws who was a renowned economist in South Africa and passed away recently.
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William Godsave December 2025 Accountingweb
How to invest in retirement: 4 key questions
Retirement brings significant financial and emotional transition, particularly as individuals shift from earning a steady income to relying on accumulated assets. This article outlines four essential considerations for constructing a robust retirement portfolio: determining the investment return required to meet long‑term objectives, assessing whether that return aligns with one’s risk tolerance, establishing an appropriate asset allocation, and balancing personal retirement needs with legacy intentions. Addressing these factors with discipline and regular review helps ensure a secure and sustainable financial future.
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Jason Spilkin December 2025
From underwear to unhinged: Inside the AI engine driving online advertising’s next boom
During the National Basketball Association (“NBA”) finals in June this year, an upstart prediction exchange, Kalshi Inc, ran a national television advert which went viral. The “unhinged” ad included a farmer floating in a pool of eggs, an alien chugging beer, and an old age pensioner draped in an American flag screaming “Indiana gonna win it, baby” with the...
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Ross D'Addio November 2025 Accountingweb
Budget 2025: Are your clients ready?
Ross D'Addio, Financial Planner at Credo, explains what the Chancellor’s announcement means for accountants and advisers. From April 2027, the £20,000 annual ISA limit stays, but £8,000 will be ring-fenced for investment. That means most savers can only put £12,000 into a cash ISA. Over-65s are exempt and can still allocate the full £20,000 to cash ISAs.
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Thomas Keogh November 2025
October in review
Global markets delivered steady gains in October, supported by resilient macroeconomic data, easing bond yields, and stronger corporate earnings. Investor sentiment improved toward month-end following progress in trade talks between the US and China, as both sides agreed to pause planned tariff escalations and ease China’s export controls on rare minerals, a key input for...
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Best Ideas Portfolio Dividend Growth PortfolioMulti-Asset Portfolio Core 20/80 Multi-Asset Portfolio Core 45/55 Multi-Asset Portfolio Core 60/40 Multi-Asset Portfolio Core 70/30
Multi-Asset Portfolio ESG 20/80 Multi-Asset Portfolio ESG 45/55 Multi-Asset Portfolio ESG 60/40 Multi-Asset Portfolio ESG 70/30
Deon Gouws November 2025 Fine Music Radio
Deon Gouws interviewed by Michael Avery
The largest company in the world as measured by market capitalisation, Nvidia, reported financial results last week. Deon Gouws, Chief Investment Officer at Credo, talked to Michael Avery on the Classic Business radio program in South Africa before this earnings announcement.
Deon Gouws November 2025 Financial Mail
View from the Thames
After more than five and a half years of writing regular monthly columns for leading South African business magazine Financial Mail, Credo’s Chief Investment Officer, Deon Gouws, wrote what he thought was his final piece for the publication a month ago following the announcement of its closure. It proved to be a false alarm, and both the magazine and the column will continue to be published. Deon reflects.
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Ben Newton November 2025 Investment Week
Ben Newton featured in Investment Week
Ben Newton, Co-Manager of Credo Dynamic Fund, recently spoke to Investment Week. He highlighted some of the recent moves to add further downside protection to the Fund, including the use of buffered ETFs, short-dated corporate bonds and catastrophe bonds, as well as long-short funds.
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Billy Pain November 2025 Accountingweb
The human side of wealth
In today’s advisory landscape, accountants have a unique opportunity to move beyond numbers and become trusted guides through life’s most meaningful financial transitions. By connecting financial data to personal purpose, they help clients answer deeper questions like “How much is enough?” and “What does success look like for me?” that traditional models often overlook. This approach fosters stronger relationships and enables truly holistic outcomes.
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Lara Meyer November 2025 Accountingweb
Credo’s platform play: Bring wealth closer to the accountant
Credo’s new accountant wealth platform bridges the gap between accounting and financial advice. Designed to integrate seamlessly with tax and advisory services, the portal empowers firms to stay involved in client wealth conversations from first meeting to long-term investment. Tom Herbert, Technology Editor at AccountingWEB, explains that with smart data integrations, transparent workflows, and a non-exclusive partnership model, Credo enables accountants to identify opportunities, maintain oversight, and unlock new revenue streams without stepping outside their core practice.
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Simon Weatherup November 2025 Accountingweb
Pensions vs Dividends: The Pay Rise HMRC Can’t Touch
Most directors love dividends. They’re simple, immediate, and accessible. But what if there’s a smarter way to keep more of what you earn? Simon Weatherup, Wealth Manager at Credo, breaks down how pension contributions can deliver more take-home wealth, reduce tax, and build long-term financial freedom.
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Damian Yeomans November 2025
Dynamic Fund awarded Elite Rating by FundCalibre
We are delighted to announce that the Credo Dynamic Fund (“Dynamic”) has been awarded an Elite Rating by FundCalibre, the independent online research centre and fund ratings agency. This prestigious award is only held by 7 funds in the IA Mixed Investment 40-85% Shares sector, out of a total of over 230. Launched in 2017, Dynamic has successfully delivered a unique approach to a diverse portfolio of equities, fixed income and listed alternatives. The key to the strategy is the flexible allocation between asset classes and finding unique opportunities within each. In announcing the Elite Rating, FundCalibre highlighted Dynamic’s excellent performance track record as well as the adaptable style which allows the Fund to become more defensive or aggressive according to the prevailing market conditions.
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Jack Clayton November 2025 Accountingweb
Balancing optimism and discipline in uncertain times
Markets are riding a wave of optimism fueled by strong corporate earnings, abundant liquidity, and widespread rate cuts. Yet beneath the surface, risks are rising from AI sector overconcentration to opaque private markets and momentum-driven assets. In this environment, investors are best served by preparation over prediction.
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Alan Noik October 2025 Accountingweb
From chartered accountant to wealth manager
From spreadsheets to strategy, Alan Noik's journey from Chartered Accountant to Wealth Manager is a testament to embracing change and finding purpose. After qualifying in South Africa and traveling the world, Alan pivoted from accounting into wealth management building businesses in Cape Town and London, and helping thousands of clients secure their financial futures. His story is one of trust, transformation, and staying true to core values.
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Louise Usher October 2025 Business Report
Rand steadies as South Africa exits FATF greylist
Louise Usher, head of Credo, hailed South Africa’s removal from the FATF greylist as a milestone for financial credibility. She emphasized that effective compliance frameworks are not just regulatory obligations but foundational to integrity, transparency, and trust, especially for firms operating across borders. Usher noted the decision will ease cross-border transactions, enhance investor confidence, and reinforce South Africa’s reputation for financial stability.
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Deon Gouws October 2025 Radio 702
Stephen Grootes interviews Deon Gouws
Deon Gouws, Chief Investment Officer at Credo, made another appearance in the Investment School feature on Radio 702’s Money Show with Stephen Grootes in South Africa last week, this time focusing on the risk of not taking enough investment risk (from 55:55).
Ben Newton October 2025 Accountingweb
Fantasy Budget: A bold blueprint for Britain’s fiscal future
Ben Newton presents a visionary “Fantasy Budget” that blends fiscal realism with ambitious growth strategies. Tackling the UK’s elevated deficit and debt head-on, Newton proposes decisive reforms from pension and tax policy to youth employment and AI investment. His plan champions stability, innovation, and sectoral strength, aiming to restore trust, attract investment, and unlock Britain’s full economic potential. While not the actual Chancellor, Newton’s ideas offer a compelling preview of what a progressive, growth-driven budget could look like.
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Jason Spilkin October 2025
Watershed
The late legendary Ewing “Hunter” Harrison (“HH”) is gone but not forgotten. His ideology lives on at railway corporations across America, where his protégés still practice what he preached. HH pioneered “precision railroading”, an original operating model, which focuses on running trains on time (like passenger trains) as opposed to waiting until they are full to the brim. By defying conventional wisdom, HH was able to...
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Deon Gouws October 2025 Radio 702
Stephen Grootes interviews Deon Gouws
Last week, Deon Gouws, Chief Investment Officer at Credo, participated in The Money Show with Stephen Grootes and spoke about elevated stock market valuations in the context of developments in the field of artificial intelligence (from 11:40).
Deon Gouws October 2025 Financial Mail
View from the Thames
Financial Mail is closing down, 65 years after its founding.
Deon Gouws (Chief Investment Officer at Credo) has been writing a regular monthly column for the publication since March 2020. In this, his 68th and final piece, he bids farewell to South Africa’s pre-eminent business magazine.
Read the (paywalled) article Read the PDF
Ross D'Addio October 2025
Autumn budget season
As the Autumn Budget approaches, the familiar cycle begins. Newspapers and commentators speculate on tax hikes, pension reforms, or changes to inheritance tax. Clients start to worry, professionals field endless “What If” questions, and a sense of uncertainty builds. Ross D’Addio, Chartered Financial Planner, explores what clients should be thinking about and potentially taking action on in advance of the Budget in November.
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Lara Meyer October 2025 Accountingweb
The rise of outsourced South African Chartered Accountants in the UK
Working with numerous accounting firms over the past decade has given us at Credo and Anchor a front-row seat to the structural shifts reshaping the industry. Lara Meyer discusses the rise of outsourced South African Chartered Accountants in the UK with Candice Jenkins from ResourcePlus.
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Billy Pain October 2025 Accountingweb
Balancing opportunity and risk: Wealth management for accountancy firms
In our 8th AccountingWEB article, Billy Pain explores the risks and opportunities in wealth management for accountancy firms, highlighting how they can deliver added value to clients through integrated financial solutions.
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Thomas Keogh October 2025
Equities - September in review
Global markets delivered resilient returns in September, supported by improving macroeconomic data and increasingly dovish signals from central banks. In the US, equities performed strongly, with both the NASDAQ and S&P 500 rising by 5.7% and 3.6% respectively, driven by robust earnings, continued enthusiasm around AI-led productivity...
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Best Ideas Portfolio Dividend Growth Portfolio
Deon Gouws October 2025 IOL
Deon Gouws featured in IOL article
The US has once again reached its self-imposed debt ceiling and the government is in shutdown as a consequence. Deon Gouws (Chief Investment Officer at Credo) was asked by South African news site IOL for a perspective on the matter - his comment is included in this piece.
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Ross D'Addio October 2025 Accountingweb
Building trust through transparent fees
If we believe in the advice we give, then we should have nothing to hide. Transparent fees are the foundation of trust in wealth management, and the industry must do better. Chartered Financial Planner Ross D'Addio chats fees in Credo’s latest article on AccountingWEB.
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Deon Gouws September 2025 News24
Deon Gouws featured on Bruce Whitfield’s Business Week podcast
Last week, Deon Gouws, Chief Investment Officer at Credo, once again discussed a range of topics with Bruce Whitfield on his weekly News24 podcast (from 25:38).
Deon Gouws September 2025 Accountingweb
Eating for the wrong team
The growth trajectory of Novo Nordisk is no longer what it use to be and the company’s share price has been suffering as a result. In a piece for AccountingWEB, Deon Gouws (Chief Investment Officer at Credo) expands on a recent column for Financial Mail where he offers comment in this regard.
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Thomas Keogh September 2025
August in review
Global markets delivered mixed but resilient returns in August, with sentiment shaped by clearer policy signals from central banks worldwide, and moderating inflation expectations in the US. In the US, equities continued to trend higher, with the S&P 500 and NASDAQ gaining 2.0% and 1.7% respectively, supported by a strong earnings season. By comparison, European markets lagged with...
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Best Ideas Portfolio Dividend Growth PortfolioMulti-Asset Portfolio Core 20/80 Multi-Asset Portfolio Core 45/55 Multi-Asset Portfolio Core 60/40 Multi-Asset Portfolio Core 70/30
Multi-Asset Portfolio ESG 20/80 Multi-Asset Portfolio ESG 45/55 Multi-Asset Portfolio ESG 60/40 Multi-Asset Portfolio ESG 70/30
Deon Gouws September 2025 IOL
Deon Gouws features in IOL article
Before this week’s interest rate announcement by the US Federal Reserve, Deon Gouws (Chief Investment Officer at Credo) was asked by South African news site IOL to share his expectations – his comment is included in this piece.
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Deon Gouws September 2025 Financial Mail
View from the Thames
Novo Nordisk was one of the best-performing shares in the world until about a year ago. Since then, the growth trajectory of the business has slowed and margins are no longer what they used to be; as a result, the company has shed about two-thirds of its market capitalisation.
In his latest column for leading South African publication Financial Mail, Deon Gouws (Chief Investment Officer at Credo) offers comment.
Read the (paywalled) article Read the PDF
Lara Meyer September 2025 Accountingweb
Doubling value through wealth services
Matt Ord from AccountingWEB has written an article about Credo and the obvious crossovers between accounting and wealth management. This article highlights why we believe the Wild Dog Capital Strategy of building a Credo distribution network though accounting partnerships is a viable opportunity and focus for the group going forward.
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Lisa Stride September 2025
The Building Blocks - Structured Products
Structured products can play a valuable role in enhancing portfolio outcomes. Join us online as our experts give you practical insights and real-world examples, whether you are new to structured products or looking to deepen your understanding.
Tuesday, 30 September 2025
10:00 AM (UK) | 11:00 AM (SA)
Register here
Billy Pain September 2025 Accountingweb
Why the accountancy profession needs a new model?
Billy Pain reveals that nearly one in five ACA students is already facing financial hardship. Many rely on credit cards for everyday essentials, and over half admit they have little or no emergency savings.
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Ross D’Addio September 2025 Accountingweb
Why tax rules change every year (and why your plan shouldn’t)
Every time a Budget or Autumn Statement rolls around, the same question resurfaces: “What will this mean for me?”
Will pension tax relief be cut? Will a wealth tax be introduced? Is capital gains tax going to align with income tax? These questions dominate headlines, but here’s the question I believe most people would be better placed asking themselves - If tax rules change tomorrow, is your financial plan robust enough to cope?
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Ben Newton August 2025 CNBC Africa
Ben Newton featured on CNBC Africa’s Closing Bell
Benjamin Newton, Portfolio Manager at Credo, joins CNBC Africa’s Closing Bell to share insights on U.S. interest rate expectations, the Federal Reserve’s independence, and the latest financial results from Nvidia.
Jack Clayton August 2025 Accountingweb
Markets are turning: Why accountants should care
Interest rates are falling, AI is fuelling US equities, and alternatives are back in focus. But what does this mean for accountants guiding clients through cash, tax, and investment decisions?
It has been another year where headlines and reality don’t quite align. Markets appear to look buoyant, yet many investors and some clients are beginning to feel cautious. Inflation remains elevated, even as central banks begin...
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Jason Spilkin August 2025
Cowboys and Indians
The American Indians are a proud people. Legend has it that in the 1870s, around seventy-five Apache warriors, outnumbered, outgunned and facing certain defeat against the United States (“US”) cavalry, rode their horses off a mountain to their deaths, rather than be killed by the invaders. Their families cried and their tears turned to stone (so called “Apache tears”), upon hitting their...
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Simon Weatherup August 2025 Accountingweb
Wealth and tax - just friends, or something more?
Wealth and tax may start as distant acquaintances, but over time, they become inseparable partners, shaping growth, preserving value, and securing legacies.
Like most lasting relationships, it usually starts out as ’just friends.’ That’s how it is with wealth and tax. In the early days, when you’re busy building and accumulating, neither feels they need the other all that much. It’s a bit like a school disco: wealth hanging out by the speakers, tax loitering near the snacks. They sneak glances, they know the other is there, but neither has quite worked up…
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Thomas Keogh August 2025
July in review
In July 2025, global equity markets recorded modest gains supported by improving investor sentiment amid reduced political uncertainty and greater clarity on US trade and fiscal policies. The S&P 500 gained 2.2% and the NASDAQ surged by 3.7%, largely driven by strong earnings from US mega-capitalisation stocks and a surge in AI related productivity. The FTSE 100 outperformed global equities with a 4.3% rise, aided by UK commodity sector strength, while the....
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Best Ideas Portfolio Dividend Growth PortfolioMulti-Asset Portfolio Core 20/80 Multi-Asset Portfolio Core 45/55 Multi-Asset Portfolio Core 60/40 Multi-Asset Portfolio Core 70/30
Multi-Asset Portfolio ESG 20/80 Multi-Asset Portfolio ESG 45/55 Multi-Asset Portfolio ESG 60/40 Multi-Asset Portfolio ESG 70/30
Deon Gouws August 2025 News24
Deon Gouws featured on Bruce Whitfield’s Business Week podcast
Last week, Deon Gouws, Chief Investment Officer at Credo, discussed a range of topics with Bruce Whitfield on his weekly News24 podcast (from 21:45).
Jarrod Cahn August 2025 BCI
Jarrod Cahn featured on the BCI Offshore Investment Manager webinar
Jarrod Cahn, Credo Global Equity Fund Manager, provided global equity market views and insights to why the current market valuations feel like Déjà vu and how value, as an investment style, can provide some defensive protection to clients in the current environment.
Watch Jarrod's presentation (from 25:37)
Louise Usher August 2025 IOL
Louise Usher interviewed in celebration of Woman’s Month
Credo’s Head of South Africa, Louise Usher, was asked to share her personal journey in financial services, from navigating multiple and sometimes conflicting priorities, to making a difference.
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Deon Gouws August 2025 Financial Mail
View from the Thames
Last month, an opinion piece in The Wall Street Journal suggested that financial markets are underpricing the growing risk profile of South Africa.
In his latest column for leading South African publication Financial Mail, Deon Gouws (Chief Investment Officer at Credo) critiques this statement.
Read the (paywalled) article Read the PDF
Wynand Venter August 2025 Citywire South Africa
Credo’s value tilt delivers benchmark-beating returns
Discover how Credo’s disciplined value strategy has delivered consistent outperformance across global markets-despite a defensive tilt and minimal exposure to Big Tech.
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Thomas Keogh July 2025
June in review
In June, global financial markets reflected a complex interplay of technological strength, geopolitical risks, and varied economic conditions. US equities excelled, with the S&P 500 rising by 5.1% and the NASDAQ gaining 6.6%, driven by robust technology sector earnings in AI, cloud computing, and semiconductors, despite supply chain pressures impacting other sectors. In Europe, the Euro STOXX 50 declined by 1.1% amid rising inflation and tighter...
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Best Ideas Portfolio Dividend Growth PortfolioMulti-Asset Portfolio Core 20/80 Multi-Asset Portfolio Core 45/55 Multi-Asset Portfolio Core 60/40 Multi-Asset Portfolio Core 70/30
Multi-Asset Portfolio ESG 20/80 Multi-Asset Portfolio ESG 45/55 Multi-Asset Portfolio ESG 60/40 Multi-Asset Portfolio ESG 70/30
Deon Gouws July 2025 Financial Mail
View from the Thames
The Chelsea Flower Show is a highlight of the summer calendar in the UK.
In his latest column for leading South African publication Financial Mail, Deon Gouws (Chief Investment Officer at Credo) shares his experience of the event.
Read the (paywalled) article Read the PDF
Deon Gouws July 2025 Business Report
Deon Gouws quoted in Business Report
US President Donald Trump has announced a 10% tariff on imports from the BRICS economic group of emerging-market nations (additional to the tariffs already applicable to individual countries). In a lead article published in South African publication Business Report, Deon Gouws (Chief Investment Officer at Credo) provided comment.
Read the online article Read the PDF
Deon Gouws July 2025 Moneyweb Radio
Deon Gouws featured on Moneyweb Radio
Earlier this week, Deon Gouws, Chief Investment Officer at Credo, participated in the South African radio program RSG Geldsake met Moneyweb with Tinus de Jager and commented on the new tariffs imposed on South Africa by the USA – for those who understand Afrikaans.
Rupert Silver / Ben Newton July 2025 Trustnet
Credo Dynamic Fund featured by Trustnet
The managers of the Credo Dynamic Fund, Rupert Silver and Ben Newton, recently discussed their current portfolio positioning with Trustnet. They highlighted how increased allocation to Alternatives over the last 12 months has delivered strong returns and contributed to the Fund’s continued outperformance versus peers. In recent times, the Fund has rotated out of a significant position in REITs, given that the previously wide discounts have narrowed and several holdings have been subject to takeovers. The proceeds have largely been allocated to a selection of long/short funds, which have a low correlation to equity markets and offer additional downside protection.
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Rupert Silver June 2025 Investment Week
Credo Dynamic Fund “Highly Commended”
We are delighted to confirm that Credo Dynamic Fund has been Highly Commended at the recent Investment Week Fund Manager of the Year Awards 2025. The methodology for the Awards focuses on 3-year risk-adjusted performance to 31 January 2025, with approximately 200 funds being listed in the same IA sector (Mixed Investment 40-85% Shares) over that period.
Earlier this year, Dynamic won 2025 UK Best Mixed Asset GBP Flexible Fund Over 5 Years at the LSEG Lipper Fund Awards – having previously won the same award in 2024.
Jason Spilkin June 2025
Sutton's Law
When asked why he repeatedly robbed banks, colourful career criminal, Willie Sutton, quipped, “because that’s where the money is”. If you ask any broker why they route interest rate derivatives contracts through the Chicago Mercantile Exchange (“CME”), it might elicit a similar response. The “Chicago Merc” was founded back in 1898, as the Chicago Butter and Egg Board. For most of its history, it operated as a non-profit (owned by its members) but was demutualised in...
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Archie Mayer May 2025
May in review
May saw strong returns across global equity markets. In the US, equity markets rallied following the 90-day suspension of reciprocal tariffs between the US and China. The S&P 500, NASDAQ, and FTSE 100 all rose 6.3%, 9.6%, and 3.8% respectively, and measured in their local currencies. Earlier gains in the month were tapered following US President Trump’s announcement that...
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Best Ideas Portfolio Dividend Growth PortfolioMulti-Asset Portfolio Core 20/80 Multi-Asset Portfolio Core 45/55 Multi-Asset Portfolio Core 60/40 Multi-Asset Portfolio Core 70/30
Multi-Asset Portfolio ESG 20/80 Multi-Asset Portfolio ESG 45/55 Multi-Asset Portfolio ESG 60/40 Multi-Asset Portfolio ESG 70/30
Deon Gouws June 2025 Financial Mail
View from the Thames
South Africa has just won the ICC World Test Championship.
In his latest column for leading South African publication Financial Mail, Deon Gouws (Chief Investment Officer at Credo) comments on the experience of witnessing this firsthand.
Read the (paywalled) article Read the PDF
Archie Mayer May 2025
April in review
April saw widespread volatility with most major global equity markets finishing the month down. The S&P 500, FTSE 100, and Euro STOXX 50 all finished down by 0.7%, 0.7%, and 1.1% respectively and measured in their local currencies. In contrast, the NASDAQ ended the month up by 0.9%. Markets were rattled by a surge of uncertainty after US President Trump unveiled his “Liberation Day” policies, with the market’s volatility gauge, the VIX, climbing to...
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Best Ideas Portfolio Dividend Growth PortfolioMulti-Asset Portfolio Core 20/80 Multi-Asset Portfolio Core 45/55 Multi-Asset Portfolio Core 60/40 Multi-Asset Portfolio Core 70/30
Multi-Asset Portfolio ESG 20/80 Multi-Asset Portfolio ESG 45/55 Multi-Asset Portfolio ESG 60/40 Multi-Asset Portfolio ESG 70/30
Jarrod Cahn / Deon Gouws May 2025 BCI
BCI Global Investment Conference 2025
Reflecting on Day 2 of the BCI Global Investment Conference 2025 in Pretoria last week, Credo’s Jarrod Cahn delivered an incisive overview of Global Equities, highlighting opportunities before and after the US tariff pause through a value-driven perspective. Deon Gouws wrapped up the day with a touching reminder of the privilege we have working in the investment industry, spreading a sense of gratitude throughout the room. A heartfelt thank you to Boutique Collective Investments (BCIS) for hosting this engaging 3-day event and facilitating impactful discussions. Proud to be part of the conversation!
Watch the presentation (from 4:39:52)
Deon Gouws May 2025 Financial Mail
View from the Thames
Just over a month ago, US President Donald Trump announced a penal tariff regime relating to global trade.
In his latest column for leading South African publication Financial Mail, Deon Gouws (Chief Investment Officer at Credo) offers comment the market’s reaction to these tariffs as well as their subsequent easing.
Read the (paywalled) article Read the PDF
Deon Gouws May 2025 Anchor
Where the money will be made
Earlier this week, Anchor hosted its quarterly “Where The Money Will Be Made” webinar. Deon Gouws, Chief Investment Officer at Credo, presented second and also participated in the question and answer session at the end.
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Deon Gouws May 2025 Radio 702
Stephen Grootes interviews Deon Gouws
Earlier this week, Deon Gouws, Chief Investment Officer at Credo, participated in The Money Show with Stephen Grootes and spoke about Warren Buffett’s imminent retirement (from 22:50).
Deon Gouws April 2025 Radio 702
Jane Dutton interviews Deon Gouws
Earlier this week, Deon Gouws, Chief Investment Officer at Credo, participated in The Money Show with Jane Dutton and paid tribute to Errol Kruger, former Registrar of Banks in South Africa, who passed away over the weekend (from 13:15).
Damian Yeomans April 2025
Credo Dynamic wins again at 2025 LSEG Lipper Fund Awards
We are proud to announce that the Credo Dynamic Fund (“Dynamic”) has been honoured with the prestigious title of “2025 UK Best Mixed Asset GBP Flexible Fund Over 5 Years” at the LSEG Lipper Fund Awards. This marks the second year in a row that the Fund has received this accolade, having also won the same award in 2024.
Dynamic has successfully delivered a unique approach to a diverse portfolio of equities, fixed income and listed alternatives. The key to the success of the strategy is the flexible allocation between asset classes and finding unique opportunities within each. This approach has enabled the Fund to achieve outperformance of more than 21% over the past five years versus the peer group average (as of 31 December 2024 Dynamic's five-year performance stood at 45.6%, surpassing the IA Mixed Investment 40-85% Shares Sector return of 23.8%, Source: FE fundinfo).
Rupert Silver, Lead Fund Manager of Dynamic and a Director of Credo commented: “We are especially proud to have received this award for the second year running. It is a strong endorsement of our investment philosophy, which focuses on adaptability and flexibility. These qualities continue to distinguish us from many of our peers. Markets remain unpredictable and challenging, but we are committed to navigating them with discipline and conviction through a diversified, actively managed portfolio that aims to deliver meaningful outcomes for investors”.
For more than 30 years and in over 17 countries worldwide, the highly respected LSEG Lipper Awards have honoured funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers. The merit of the winners is based on entirely objective, quantitative criteria. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. Lipper Leaders fund ratings do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. For more information, see lipperfundawards.com.
Archie Mayer April 2025
March in review
March saw sharp declines across major global equity markets, which were rocked by heightened uncertainty around US President Trump’s tariff policies. The S&P 500, NASDAQ, FTSE 100, and Euro STOXX 50 all posted negative returns of 5.6%, 8.1%, 2.0%, and 3.8%, respectively and measured in...
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Best Ideas Portfolio Dividend Growth PortfolioMulti-Asset Portfolio Core 20/80 Multi-Asset Portfolio Core 45/55 Multi-Asset Portfolio Core 60/40 Multi-Asset Portfolio Core 70/30
Multi-Asset Portfolio ESG 20/80 Multi-Asset Portfolio ESG 45/55 Multi-Asset Portfolio ESG 60/40 Multi-Asset Portfolio ESG 70/30
Deon Gouws April 2025 Financial Mail
View from the Thames
At the beginning of this month, US President Donald Trump announced a new tariff regime which was much more penal than what the market had expected.
In his latest column for leading South African publication Financial Mail, Deon Gouws (Chief Investment Officer at Credo) offers comment on these tariffs as well as the actions of the newly formed US Department of Government Efficiency.
Read the (paywalled) article Read the PDF
Jason Spilkin April 2025
Total Returners
The late Charlie Munger believed it’s better to pay a fair multiple for a quality business, than a cheap multiple for a so-called cigar butt. “Over the long term, it's hard for a stock to earn a much better return than the business which underlies it earns. If the business earns six percent on capital over forty years and you hold it for those forty years, you're not going to make much...
Read the full Spotlight
Deon Gouws April 2025 Moneyweb Radio
Deon Gouws featured on Moneyweb Radio
Last week, Deon Gouws, Chief Investment Officer at Credo, participated in the South African radio program RSG Geldsake met Moneyweb with Ryk van Niekerk and commented on the new tariff regime in the USA. Those who understand Afrikaans, can listen from 12:50.
Deon Gouws April 2025 Radio 702
Stephen Grootes interviews Deon Gouws
Earlier this week, Deon Gouws, Chief Investment Officer at Credo, participated in The Money Show with Stephen Grootes and offered comment on the stock market reaction to recent tariff announcements in the USA (first 9 minutes).
Archie Mayer March 2025
February in review
February saw mixed returns across major global equity markets. The S&P 500 and NASDAQ experienced negative returns of 1.3% and 3.9%, respectively, measured in their local currencies. The continued uncertainty around US President Trump’s tariff policies, particularly towards the country’s largest trading partners...
Click below for the latest factsheets.
Best Ideas Portfolio Dividend Growth PortfolioMulti-Asset Portfolio Core 20/80 Multi-Asset Portfolio Core 45/55 Multi-Asset Portfolio Core 60/40 Multi-Asset Portfolio Core 70/30
Multi-Asset Portfolio ESG 20/80 Multi-Asset Portfolio ESG 45/55 Multi-Asset Portfolio ESG 60/40 Multi-Asset Portfolio ESG 70/30
William Godsave March 2025 PKF
New partnership
We are delighted to announce a new partnership with PKF Littlejohn in London to strengthen our wealth management offering and provide a joined up financial planning, investment management, and tax solution to clients.
The partnership demonstrates our commitment to working with professional services firms to provide the highest quality wealth management advice to their clients.
Learn More
Deon Gouws March 2025 Financial Fitness
Trumponomics
Last week, Jim Millar, Director and CIO at Financial Fitness in South Africa, interviewed Deon Gouws, CIO at Credo on the topic of “Trumponomics” during a live-streamed webinar attended by clients.
Watch Deon's interview (from 32:32)
Deon Gouws March 2025 Financial Mail
View from the Thames
Equity prices have pulled back in the wake of US President Donald Trump’s tariff announcements.
In his latest column for leading South African publication Financial Mail, Deon Gouws (Chief Investment Officer at Credo) compares recent market volatility with the arrival of Covid exactly five years earlier (when he happened to write the first of his monthly pieces for this magazine).
Read the (paywalled) article Read the PDF
Deon Gouws March 2025 Radio 702
Stephen Grootes interviews Deon Gouws
Earlier this week, Deon Gouws, Chief Investment Officer at Credo, participated in The Money Show with Stephen Grootes and offered comment on the fact that large international investors have been net sellers of South African bonds recently. Listen below (from 29:13).
Damian Yeomans March 2025 Investment Week
Credo shortlisted twice at Investment Week Fund Manager of the Year Awards 2025
Both Credo Dynamic Fund and Credo Growth Fund have been named as finalists at the Investment Week Fund Manager of the Year Awards 2025. The funds are shortlisted in the Managed 40-85% Shares and Managed Flexible Investment categories respectively, with the methodology for assessing funds based on 3-year performance data. The awards will be announced in London on the 19 June, with this year marking the 30th anniversary of the flagship industry event.
See nominees list
Deon Gouws March 2025 Old Mutual International
African Safari
Last week, Old Mutual International arranged a regional symposium series for financial advisor clients, consisting of five consecutive events in five different cities across South Africa (Durban, Pretoria, Johannesburg, Gqeberha and Cape Town). Deon Gouws, Chief Investment Officer at Credo, opened the event with a TED-talk style presentation in which he reminded the audience of how lucky they all were to be part of the investment industry. He also participated in a panel discussion focusing on challenges and opportunities as presented by the current political and economic environment.
From left to right: Deon Gouws (Chief Investment Officer – Credo), Sikonathi Mantshantsha (Senior Journalist – News24), Trevor John (Head: Old Mutual International - Sales & Distribution), Victor Mupunga (Head of Research – Old Mutual Private Clients), Dawie Roodt (Chief Economist – Efficient Group) and Khaya Gobodo (Former Managing Director – Old Mutual Investments).
Deon Gouws February 2025 Financial Mail
View from the Thames
A few weeks ago, little-known Chinese company DeepSeek unveiled a new artificial intelligence model which compared favourably to the best of the major US technology businesses (it was also a lot cheaper).
In his latest column for leading South African publication Financial Mail, Deon Gouws (Chief Investment Officer at Credo) discusses the market impact of this announcement.
Read the (paywalled) article Read the PDF
Jason Spilkin February 2025
Wurst case
Germany is synonymous with high quality manufacturing - more so than their sense of humour. Indeed, Audi automobile adverts use the motto “Vorsprung durch tecnik” to subtly highlight their German genes. Continental Tyres put it bluntly, “German engineering when you need it most on a car”. When it comes to engineering pedigree, MTU Aero Engines (“MTU”) represents the best of...
Read the full Spotlight
Archie Mayer February 2025
January in review
January saw strong returns across global equity markets. The S&P 500, FTSE 100, and Euro STOXX 50 rose by 2.8%, 6.2%, and 8.2%, respectively, and measured in their local currencies. There was continued optimism surrounding US President Trump, however, the launch of AI models by Chinese company, DeepSeek, posed...
Click below for the latest factsheets.
Best Ideas Portfolio Dividend Growth PortfolioMulti-Asset Portfolio Core 20/80 Multi-Asset Portfolio Core 45/55 Multi-Asset Portfolio Core 60/40 Multi-Asset Portfolio Core 70/30
Multi-Asset Portfolio ESG 20/80 Multi-Asset Portfolio ESG 45/55 Multi-Asset Portfolio ESG 60/40 Multi-Asset Portfolio ESG 70/30
William Godsave February 2025 Farmers Weekly
William Godsave featured on Farmers Weekly
William Godsave, Head of Financial Planning, recently discussed the subject of how life insurance can protect against IHT liability in the latest edition of Farmers Weekly.
Read the article
Jarrod Cahn January 2025 BCI
Jarrod Cahn featured on BCI Boutiques
Earlier this week, Jarrod Cahn, Portfolio Manager for the Global Equity Fund, participated in the first of three Offshore Investment Manager Webinars hosted by BCI over the next couple of weeks.
Jarrod made the case for the inclusion of a value fund with a qualitative overview in client portfolios as a measure of diversification against the significant concentration risk we are seeing in the US and provide clients with exposure to high quality global businesses who are trading at sensible valuations.
Watch Jarrod's presentation
Deon Gouws January 2025 Financial Mail
View from the Thames
At the beginning of every year, participants across the financial industry publish forecasts focusing on how they expect the following twelve months to play out.
In his latest column for leading South African publication Financial Mail, Deon Gouws (Chief Investment Officer at Credo) points out that most forecasts are in fact a waste of time.
Read the (paywalled) article Read the PDF
Archie Mayer January 2025
December in review
December was a poor month for global equity markets, with most major indices finishing the month down. The S&P 500 and FTSE 100 fell by 2.4% and 1.3%, respectively, measured in their local currencies. Mixed economic signals aided this drop, coupled with uncertainty over US trade policies affecting markets abroad. The NASDAQ and...
Click below for the latest factsheets.
Best Ideas Portfolio Dividend Growth PortfolioMulti-Asset Portfolio Core 20/80 Multi-Asset Portfolio Core 45/55 Multi-Asset Portfolio Core 60/40 Multi-Asset Portfolio Core 70/30
Multi-Asset Portfolio ESG 20/80 Multi-Asset Portfolio ESG 45/55 Multi-Asset Portfolio ESG 60/40 Multi-Asset Portfolio ESG 70/30
