Safari Investments 2018 Newsletter
To say this year has been a strenuous year for many South Africans would be an understatement. 2018 brought with it a change in presidency, a VAT increase and five consecutive fuel increases, with each increase setting a new record in fuel price. This jointly contributes to the struggling state of local business and individual households. Despite the challenging landscape across crucial sectors, with significant impact on retail, Safari Investments has however successfully managed to sustain a year-on-year growth in trading density, increased property revenue and delivering dividend growth and shareholder returns. I attribute this to our unwavering pursuit for portfolio growth and diversification, achieved through critical analysis and creative thinking.
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