Noble Wealth Management

01/01/2026

2026 will be a good year!

Let’s take this journey and make it count.

12/11/2025

How to unlock value through offshore investing

The volatility of 2025 has underscored the importance of diversification. Global markets have swung from sharp declines to record highs, reminding us that a resilient portfolio requires thoughtful planning and the right tools to weather change. Offshore exposure remains a key lever for long-term growth and stability in an unpredictable world. Horacia Naidoo-McCarthy and Radhesen Naidoo explore the role of offshore investing in building portfolio resilience and outline the available routes to access the investment expertise of our offshore partner, Orbis.
https://www.allangray.co.za/latest-insights/offshore-investing/how-to-unlock-value-through-offshore-investing/

The volatility of 2025 has underscored the importance of diversification. Global markets have swung from sharp declines to record highs, reminding us that a resilient portfolio requires thoughtful planning and the right tools to weather change. Offshore exposure remains a key lever for long-term gro...

12/11/2025

How to safeguard your investments

Given the prevalence of fraud and investment scams, it may feel as though you need to build a financial fortress to protect your investments. Twanji Kalula offers some simple steps you can take to safeguard your long-term wealth throughout your investment journey.

https://www.allangray.co.za/latest-insights/fraud-prevention-cybersecurity/how-to-safeguard-your-investments/

Given the prevalence of fraud and investment scams, it may feel as though you need to build a financial fortress to protect your investments. Twanji Kalula offers some simple steps you can take to safeguard your long-term wealth throughout your investment journey. Financial historians have traced on...

30/09/2025

Great expectations - raising the bar (Rob Perrone - Allan Gray)

Markets are a race between fundamentals and expectations. When fundamentals get ahead, expectations have to catch up and prices follow. But when expectations get ahead, it's a different story. Fundamentals can't just run faster or jump higher. So it's expectations that need to take a knock, dragging share prices down with them. Rob Perrone from our offshore partner, Orbis, explains this relationship in this 7-minute video.

Now, my absolute favourite way of thinking about the relationship between fundamentals and expectations is the high jump. When a company's sales, profits and growth clear the bar easily, the bar goes up and so do prices. But when the bar is too high, fundamentals crash into expectations, knocking down both estimates and share prices. We see this all the time.

Take Nvidia's recent history.
https://www.allangray.co.za/latest-insights/offshore-investing/great-expectations---raising-the-bar/

21/07/2025

Global investing in an era of national self-reliance.
s governments shift their national priorities in response to escalating geopolitical tension, global investors have to consider additional variables as they construct balanced portfolios. Alec Cutler, portfolio manager at our offshore partner, Orbis, explains how recent developments are shaping the Orbis SICAV Global Balanced Fund’s opportunity set.

The Orbis SICAV Global Balanced Fund’s 2025 performance has been encouraging, having comfortably outpaced its benchmark and peer group over the period. It’s helpful to recognise that the current strength was born of a period of relative performance pain. Many of the positions that contributed to recent performance were established during 2019 to 2021, when we were building exposure to stocks, currencies and commodities that were deeply out of favour at the time. Performance suffered during that period, not only because we were buying these so-called “losers”, but also because we were funding those purchases by trimming or exiting “winners”. Those winning positions had performed well but, in our view, had become less attractive relative to emerging opportunities, where the discount to our estimate of intrinsic value was much wider, even as investor enthusiasm for the winners continued to grow.

Read Alec Cutler's full article on: https://www.allangray.co.za/latest-insights/offshore-investing/global-investing-in-an-era-of-n

15/07/2025

Navigating the 2025 tax-filing season
In the finalised 2025 Budget speech, Finance Minister Enoch Godongwana announced the allocation of an additional R7.5bn to the South African Revenue Service (SARS) for the 2025/2026 fiscal year. SARS continues to commit to modernising its tax collection efforts in order to increase taxpayer confidence and convenience, as well as improve efficiency in its revenue collection. But what does this mean for South African taxpayers as they prepare for the upcoming tax-filing season? Tax manager Meagan Fraser answers some of the questions that may arise.

What does the reversal of the VAT increase mean for SARS this year?
For the majority of South Africans, the reversal of the proposed 0.5% VAT increase earlier this year provided a sense of relief in terms of their monthly budget. However, the loss of the anticipated revenue from this proposed increase resulted in a R75bn shortfall in the Budget. SARS is committed to ensuring that outstanding taxes are accurately and efficiently collected when due, and its efforts during tax-filing season will therefore be focused on taxpayer compliance and on collecting outstanding taxes where they become due.

Does this mean that I will need to pay more tax?

Read full article by Meagan Fraser on: https://www.allangray.co.za/latest-insights/personal-investing/navigating-the-2025-tax-filing-season/

18/06/2025

Listen to podcast on https://www.allangray.co.za/latest-insights/offshore-investing/are-global-investors-dependent-on-great-expectations/

Global investors have been on a rollercoaster ride in the wake of President Trump’s announcement of an array of reciprocal tariffs which rocked global stock markets, initially sending US shares tumbling and then rebounding as investors hung onto news headlines Listen to full podcast on 

21/05/2025

The long game wins
Investors are often tempted to chase short-term gains or retreat hastily when markets falter. However, research highlights the value of disciplined, long-term investment strategies. Siobhan Simpson unpacks why staying focused on the long game could make all the difference.
There’s an old adage that says investing is a marathon, not a sprint. Perhaps now more than ever, it deserves repeating. If there’s one lesson to take from Donald Trump’s tariff whiplash, it is that the disciplined investors – those who pace themselves, block out the noise, and stay focused on their end goal – are often the ones who win. "Siobhan Simpson - Ninety One" https://ninetyone.com/en/south-africa/insights/taking-stock-publication-autumn-2025/welcome-to-taking-stock

30/04/2025

Wishing you a Happy Workers' Day as we honour and celebrate the hardworking people of South Africa.

22/04/2025

Navigating Tariff Volatility: Maintaining Perspective amid Heightened Uncertainty

The impact of recent trade policy changes will reverberate across the globe over time periods ranging from days to decades. While many longer-term implications are uncertain, some effects, such as the gradual rise in real yields on bonds and the secular pressure to increase defence spending, are already evident, allowing us to make informed longer-term portfolio adjustments. https://stanlib.com/2025/04/11/navigating-tariff-volatility-maintaining-perspective-amid-heightened-uncertainty/