Not sure about this. Rand weakness helps offshore but if local savings inflows dry up because people are st…by @cape_steel on $OMU

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Sextant SA@sextant_za·1d agoBullish

Been watching the asset management side and the rand weakness actually plays into their hands more than people think, especially with offshore earnings. Compare that to Ninety One who's been getting hammered harder, and OMU's R13.58 looks positioned perfectly for someone with a three year horizon. The insurance book's been steady, dividends haven't skipped, so I'm not sure what the sellers are panicking about today.

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Replying to Sextant SA on $OMU“Been watching the asset management side and the rand weakness actually plays into their hands more than people think, especially with offsho…”

Steel@cape_steel·1d agoBearish

Not sure about this. Rand weakness helps offshore but if local savings inflows dry up because people are stretched, doesn't that hurt the asset base they earn fees on. Swordfish might be onto something with the fee compression angle.

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