Dear Impact Stakeholder,
We have exciting news to share with you.
Our South African office has a new home as from 1 July 2020.
Impact Investment Management New Office Address:
93 Grayston Drive, Block C, Grayston Square, Sandton (Entrance is in West Road South, 1st floor, East wing).
Many companies in South Africa, employing hundreds of thousands of people with families to support have been left unemployed as a result of the COVID-19 lockdown.
Many investors have experienced large portfolio losses especially for those exposed to the JSE and bond markets. The Rand has also been unpredictable and, as a consequence, many foreign investors have, or are considering disinvesting from South Africa.
The Corona virus has been declared a global pandemic and as mentioned in the Minister of Finance’s speech on 25 June 2020, negatively affecting the local economy severely. Remember, it was already in recession before this crisis unfolded.
At Impact Investment Management, we can at least provide our investors with some comfort. We have not had any indication that our investments have been severely negatively affected to date.
We are monitoring the situation very closely. We also believe that we are in a very good position to take advantage of investment opportunities that are opening up as assets become cheaper.
Our Cash Management Fund benchmark is repo +2%. The repo rate moving to 3.75% means all SA Money Market returns have dropped too, but our investors have still been achieving far higher rates of returns as a result of our longer-term strategy than conventional Money Markets.
Our investment strategies are aligned in such a way that risks are managed and mitigated to ensure investors are protected from loss.
Should you have any questions please do not hesitate to contact us.
The Impact Investment Management – Investment Committee