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MONEYWEB app instead? ‘I’d still be buying British American Tobacco rather than Reinet’, says Nesan Nair from Sasfin. 09:45  Open: Open: SIMON BROWN: I’m chatting now with Nesan Nair, who is of course from Sasfin. Nesan, I appreciate the early morning time. Coronation’s results came out yesterday. In many senses, Coronation has been doing what it should be doing. We’ve seen decent markets. They’ve got their revenue up nicely, earnings up 44%, paying a strong dividend as they normally do – most of those earnings go out as dividends – and making good performance fees. NESAN NAIR: Yes, Simon, good morning. One hundred percent right. That’s what they should be doing. When the markets go up, Coronation Fund Managers, whose revenue is basically tied to the level of the market, should also go up. Of course, profits go up a little bit more than the market goes up because there’s that what we call the operational leverage effect that revenue

United statesUnited kingdomNesan nairPension insurance corporationBritish american tobaccoCoronation fund managersBritish americanAmerican tobaccoஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்நேசன் நாயர்ஓய்வூதியம் காப்பீடு நிறுவனம்பிரிட்டிஷ் அமெரிக்கன் புகையிலைமுடிசூட்டுதல் நிதி மேலாளர்கள்பிரிட்டிஷ் அமெரிக்கன்அமெரிக்கன் புகையிலை