BizNews Funding Portfolio: Alec Hogg bets mammoth on Aveng

Bibliometric Details: Issue No: 12 | Issue Month:December | Issue Year:2021

The BizNews Funding Portfolio has been a roaring success for over seven years. Since inception, the portfolio has managed to produce a compound annual command rate – the main indicator of investment performance – of over 20% in both rand and greenback phrases. That is success with one of the most realm’s very ultimate investment professionals unable to produce this feat. BizNews founder Alec Hogg has place his religion in technology-centric companies, predominantly the excessive-flying US tech expansive cap names, which were outperformers for the upper section of the closing decade. Hogg, a disciple of Warren Buffett and Charlie Munger’s investment suggestions, turns his investigate cross-test to local constructing firm Aveng. On the brink of crumple in 2018, Aveng has applied a turnaround intention that appears to be bearing fruit. After precious perception from the ever-rational Piet Viljoen and embellished mining govt Bernard Swanepoel’s appointment to the board, Hogg has dived into this fallen angel within the hope this is able to maybe well upward push once more. – Justin Rowe-Roberts

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