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February 2018 Quarterly

A New Dawn

“We have fallen upon evil times; and the world has waxed very old and wicked. Politics are very corrupt. Children are no longer respectful to their parents” Inscription on a tablet from Constantinople; 3800 BC

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ClucasGray Asset Management (Pty) Ltd is an authorised financial services provider under the Financial Sector Conduct Authority (FSCA) FSP 50733.

ClucasGray Asset Management (Pty) Ltd is also a juristic representative of ClucasGray (Pty) Ltd.

ClucasGray (Pty) Ltd is an authorised financial services provider under the Financial Sector Conduct Authority (FSCA) FSP 21117.