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Financial planning

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Equity Insights

Equity Insights

Birkenstock - More than a sandal

Birkenstock's evolution is a rare example of how authentic functionality can become high fashion. Founded in 1774 by Johann Adam Birkenstock, a cobbler committed to foot health, the brand has remained rooted in orthopaedic expertise for more than a century. The breakthrough for the product came in 1896, when Konrad Birkenstock developed the contoured "Fussbett" footbed, an innovation designed to mirror the foot's natural shape and support its anatomical needs. For decades, Birkenstock's reputation was built on podiatric function, comfort, and durability, serving a loyal but largely niche audience far removed from the fashion mainstream.

01 October 2025

Insights

Quarterly Best Ideas

03 September 2025

Equity Insights

ASP Isotopes - Listing on the JSE in August

26 August 2025

Equity Insights

SPM Best Ideas - Offshore - August 2025

21 August 2025

Equity Insights

SPM Best Ideas - Midcaps - August 2025

A look at our best ideas in the local mid/small cap space from our FNB investment research team.

20 August 2025

Equity Insights

SPM Best Ideas - Local Large-Cap - August 2025

19 August 2025

Equity Insights

Capital Appreciation - Much to appreciate

11 August 2025

Equity Insights

Listed Property insights: Spear REIT (SEA) - The Western Cape property specialist

08 August 2025

Equity Insights

Hermes International - The enduring alchemy of exclusivity, craftsmanship, and cultivated desire

31 July 2025

Equity Insights

Galderma - (Ceta)fill your boots?

Galderma is a Swiss-based company solely dedicated to skincare. The company's focus areas are injectable aesthetics, dermatological skincare and therapeutic dermatology. Galderma was founded as a joint venture between L'Oréal and Nestlé in 1981 and acquired by EQT Private Equity, a consortium of private institutional investors, from Nestlé in 2019 who then had sole ownership of the company. Galderma listed via an IPO in 2024.

17 July 2025

Equity Insights

FNB ETN Quarterly Update - 2Q25

30 June 2025

Equity Insights

Beiersdorf AG - Living on a La Prairie?

25 June 2025

Equity Insights

PepsiCo - (Soda)stream of dividends?

17 June 2025

Equity Insights

Greencoat Renewables - Sustainable energy for sustainable cashflows

09 June 2025

Equity Insights

Capitec - Banking on the future

Capitec is South Africa's fastest growing retail bank. It provides accessible and affordable banking facilities to clients via its innovative use of technology in a way that is convenient and personalised. The bank's target market has expanded over the years, with middle- and high-income individuals also wanting to take advantage of its competitive fees and deposit rates, and the bank entering other business areas as well. Capitec has a flexible banking platform, making expansion into other banking areas relatively easy.

27 May 2025

Equity Insights

Corporate Action: Anglo American (AGL) - Demerger of Valterra Platinum and Share Consolidation

20 May 2025

Equity Insights

SPM Best Ideas - Offshore - May 2025

15 May 2025

Equity Insights

SPM Best Ideas - Midcaps - May 2025

15 May 2025

Equity Insights

SPM Best Ideas - Local Large-Cap - May 2025

15 May 2025

Equity Insights

4Sight Holdings - 4Seeing excellent growth

4Sight, established in 2017 and headquartered in Mauritius, is a technology firm specialising in digital transformation. Harnessing technologies such as Artificial Intelligence (AI), Machine Learning (ML), big data analytics, and the Internet of Things (IoT), 4Sight caters to diverse sectors including telecommunications, mining, manufacturing, and financial services.

13 May 2025

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Disclaimer

This Publication note is issued by FNB for the information of clients only and should not be produced in whole or part without prior permission. Although FNB is an Authorised Financial Services Provider, any opinions and/or analysis contained in this Publication are for informational purposes only and should not be considered advice, including but not limited to financial, legal or tax advice, or a recommendation to invest in any security or to adopt any investment strategy. The information contained herein has been obtained from sources/persons which we believe to be reliable. Still, it is not guaranteed for correctness, completeness or otherwise. We do not assume liability for loss arising from errors in the information or that may be suffered from using or relying on the information contained herein, irrespective of whether there has been any negligence by us, our affiliates or any other employees of ours, and whether such losses are direct or consequential. As market and economic conditions are subject to rapid change, any comments, opinions and analyses are rendered as of the date of publishing and may change without notice. Such changes may have a material impact on the outcome of any investment. Securities involve a degree of risk and are volatile instruments. Past performance is not indicative of future performance. Securities or financial instruments mentioned in the Publication note may not be suitable for all investors, and FNB bears no responsibility whatsoever arising from or as a consequence thereof. The material is not intended as a complete analysis of every material fact regarding any share, instrument, sector, region, market, country, investment or strategy. The recipient of this Publication must make their own investment decision and is advised to contact their relationship manager for a personal financial analysis before making any investment decisions. Copyright 2023.

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