Coronation dumps Exxaro, cuts exposure to Sasol
Money manager cut resource position in favour of industrials and financials in final quarter of 2024
30 January 2025 - 05:00
Asset manager Coronation has disinvested from Exxaro, worried that the company, which is facing a leadership turmoil, might misallocate capital as it chases deals to diversify the business from coal.
Coronation analysts said the money manager had cut the resource position in favour of industrials and, to a lesser extent, financials, in the final quarter of 2024...
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