Hendrik du Toit, Founder and Chief Executive Officer, commented:
“Rising inflation and interest rates, increased geopolitical uncertainty and sharply lower financial asset prices contributed to
challenging operating conditions. The high levels of client engagement could not counter the impact of this environment on
our results. We saw net outflows in the first half, caused by lower levels of new business volumes and portfolio derisking by
clients. We are anticipating that these tough conditions will persist for the foreseeable future. We remain committed to our
long-term strategy and focusing all our attention on managing the investments of our clients to the standards they expect
and delivering industry-leading service levels. In spite of the challenges, our people are motivated, experienced and
adequately supported for the task at hand.”
Read interim results announcement:
Interim results for the six months to 30 September 2022