Special reports

A proportion of Allan Gray Orbis performance fees go into a fee reserve – and back to clients in the event of underperformance, meaning the fund manager ‘truly shares’ in any pain as well as the gains. Radhesen Naidoo of Allan Gray tells us more. www.moneyweb.co.za

Xodus Gold board expels members amid growing investor revolt. www.moneyweb.co.za

South Africa’s rising excise taxes are pushing legal beer prices up, boosting the black market and threatening jobs. With the beer industry vital to the economy, it’s time to explore a tax approach that balances growth, job creation, and government revenue. www.moneyweb.co.za

‘We need to prioritise the matters that matter, particularly with regard to our economic relationships with the US – when we say Operation Reset, we acknowledge that something has gone wrong, something must be repaired’: newly reappointed US ambassador Ebrahim Rasool. www.moneyweb.co.za

If the infrastructure reforms we announced in the mid-term budget and are pushing for become effective, and with private sector investment, finance minister says. www.moneyweb.co.za