INTERIM RESULTS
Sabvest offshore share portfolio grows to R82m
Low-key investment company Sabvest has re-established its offshore equity portfolio and made three new investments in the six months to end-June. The company has a diversified portfolio worth R2.2bn – the biggest holding is a controlling stake in unlisted industrial textile manufacturer SA Bias Industries. Large JSE-listed holdings include financial services specialist Transaction Capital, storage business Metrofile and chemicals business Rolfes. Interim results released on Monday showed that Sabvest — headed by Chris Seabrooke – increased its offshore share portfolio to R82m from a nil position when the financial year ended on December 31. It reduced its offshore bond portfolio from R128m at financial year end to about R80m. Seabrooke said the primary focus of the share portfolio was the technology and biotech sectors. Sabvest’s offshore bond portfolio comprised 16 fixed date redeemable bonds and three bond-loan funds. Equities and bond portfolios, both geared, performed satisfacto...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.