Prosus N.V. is a subsidiary of Naspers Limited. What we are about is making capital markets work properly and price risk properly. Hendrik du Toit: Absolutely. It was in free fall. You know, just the fact that we could shift within a few days to remote working without a glitch is something to be proud of. And if you stop the ability of people to take risks, they are just not going to obtain growth and development. Any opinions stated are honestly held but are not guaranteed and should not be relied upon. While this scheme is aimed at small businesses, we need more mechanisms to help larger businesses access capital more quickly. From my point of view, it is very good to have all those corporate restructuring and other plans behind us and to be able to look at the challenges for the next few years and do our best for our clients and it has been an absolute privilege to witness the calm and professional way in which our people have coped with these volatile markets. Hendrik Du Toit | Charlotte, North Carolina | Compliance Associate at Wells Fargo Securities | 500+ connections | View Hendrik's homepage, profile, activity, articles He is Joint Chief Executive Officer of Investec Limited and Investec plc (together, the Investec Group). They are highly motivated to grow the business over the long term and also to withstand challenges like these. Prosus N.V. engages in the e-commerce and internet businesses. Ninety One recently hosted a webinar with CEO Hendrik du Toit and Stephen Koseff, former CEO of the Investec Group. Some businesses which don’t have healthy balance sheets are going to find themselves on the brink of collapse. Companies should be allowed to try new things and not be stifled by excessive regulations. How has your business adapted to these different circumstances? Please tell us more about this scheme and do you think we need more mechanisms to support businesses through this crisis? The response this time around has been much quicker and largely free from political obstacles, which wasn’t the case during 2008 and 2009. Their focus isn’t specifically on growth but on keeping urban jobs. Fluctuations or movements in exchange rates may cause the value of underlying international investments to go up or down. What we needed was certainty and thank heavens we got there because it helped us to be in a very clear position to deal with what was coming, naming the coronavirus-driven challenge or fall in markets and our clients and shareholders have been extremely supportive through this process. This would enable them to raise funds quickly in times of crisis. The ability to issue stock quickly need not come at the expense of smaller shareholders. So, you know, I would not have done anything any differently. Hendrik Du Toit biography. Hendrik du Toit: Good morning, Lindsay. Hendrik du Toit: Co-operation and building solidarity between the different segments of society is going to be very important as we restore our economy over the coming months and years. Prosus N.V. is headquartered in Amsterdam, the Netherlands. We need to look at that capital pool and say how can we help perfectly good businesses that are in our portfolios today which are suffering a severe loss of revenue, a temporary severe loss of revenue, because of the policy response to the … Looking at society at large, responsible citizenship remains a key focus for us. The information presented here is not intended to be relied upon as investment advice. Besides attracting yield-hungry investors into our fixed-income market, our huge consumer base represents a material opportunity for business growth. Du Toit and his tightly knit team who manage £120bn in assets for clients around the world, last week celebrated their independence with the listing of their newly renamed Ninety One in London and Johannesburg. On The findings expressed here may not reflect the views of Ninety One SA as a whole, and different views may be expressed based on different investment objectives. The views in this podcast are those of the contributors at the time of publication and do not necessarily reflect those of Ninety One. I think that is important but, more important, all around the world we must take lead from our staff. He entered the asset management industry in 1988 and joined the Investec Group in 1991 as founding member of Investec Asset Management. He is Joint Chief Executive Officer of Investec Limited and Investec plc (together, the Investec Group). Hendrik du Toit and Stephen Koseff reflect on interventions needed to help businesses through this crisis and get the South African economy growing again. Hendrik currently works with a variety of engineering clients including large multinational companies and SMEs. This communication is provided for general information only should not be construed as advice. The rich countries have responded quite well to the crisis, but we’ve not seen a co-ordinated response from world leaders. We only do one thing – we manage other peoples’ money to the best of our abilities. The views are those of the contributor at the time of publication and do not necessary reflect those of Ninety One. Moderator – Lindsay Williams Some businesses which don’t have healthy balance sheets are going to find themselves on the brink of collapse. In South Africa, Ninety One is an authorised financial services provider. Last updated: 1 November 2020 at 11:00am EST. No one should act upon such information or opinion without appropriate professional advice after a thorough examination of a particular situation. Hendrik Du Toit Technical Assistant. I think, as long-term owners of risk, we need to really think about that solvency challenge and I don’t have specific detail but we are exploring options, along with industry bodies, of what we could do to make sure that productive business doesn’t fall victim to what is sensible health policy. The country needs to urgently address communities’ lack of access to high-speed internet. Stephen Koseff: If a society, a business or an individual wants to grow, they have to take risks. They couldn’t readily turn to banks for assistance, as many banks had to raise funds to shore up their own balance sheets. Hendrik du Toit: Global debt restructuring is a huge issue, but the lack of global leadership is a concern. He holds an MPhil in economics and politics of development from Cambridge University, as well as a MCom in economics and international finance (cum laude), BCom (Hons) in economics (cum laude) and a BCom in law from Stellenbosch University. You are actually – when I say noisy, don’t take that in the wrong way – you are very forthright in your approach.Now you are 3 weeks into your listing. You can only earn it over time and I think the people of Ninety One have done it and right now it is resilient and ready for the challenges. After Nenegate, the gap has started to close, and there is a lot more dialogue and collaboration. US-China tensions and the American presidential election dynamics aren’t helping matters either. © 2020 BizNews, Inc. | The Rational PerspectiveTerms & ConditionsComments Policy, © 2020 BizNews, Inc. | The Rational Perspective. His work includes filing and prosecuting patent applications to grant before the UK and European Patent Offices, and providing technical advice to clients during opposition procedures. It would be very easy for the JSE to amend its listing rules to allow companies to issue shares without the consent of shareholders. But for Hendrik du Toit, who started Investec Asset Management with a phone and a briefcase in 1991, that journey took 29 years. Funnily enough, South Africa has not used the stock market at all. In many industries business has ground to a complete halt. The world is changing fast and to keep up you need local knowledge with global context. Hendrik du Toit, the chief executive and founder of what is now called Ninety One the old Investec Asset Management – a company that he started – as you heard earlier in the conversation and looking ahead already into what might be the conversation in a couple of years time. You cannot buy experience. Survival of the fittest. Hendrik du Toit: Co-operation and building solidarity between the different segments of society is going to be very important as we restore our economy over the coming months and years. The value of investments can fall as well as rise and losses may be made. Join Facebook to connect with Hendrik Du Toit and others you may know. It is going to be tough. He entered the asset management industry in 1988 and joined the Investec Group in 1991 as founding member of Investec Asset Management. The company was formerly known as Myriad International Holdings N.V. and changed its name to Prosus N.V. in August 2019. So well-done to them but there must be other things that can be done as well and this is where Ninety One comes in. I think our firm also sits on, or firms like ours sit on, substantial intellectual capital and we therefore have an obligation to participate in the debate about the way out, engage authorities. We endeavour to provide accurate and timely information, but we make no representation or warranty, express or implied, with respect to the correctness, accuracy or completeness of the information and opinions.

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