Merchantec Capital Privacy Policy

Disclaimers: The data provided in this report is for information purposes only and for no other purpose. Whilst every effort has been made to ensure that the information contained in this report is accurate, Merchantec (Proprietary) Limited (“Merchantec”) does not guarantee the sequence, accuracy, or completeness or any other aspect of the data nor shall Merchantec or any of its directors, officers, employees or agents be liable in any way to the reader or to any other person (natural or juristic) whatsoever for any delays, inaccuracies, errors in, or omissions in respect of such data or the transmission thereof.

Merchantec takes no responsibility for any loss or damage suffered by any person as a result of reliance upon the information contained herein. Any investments referred to herein may involve significant risk, are not necessarily available in all jurisdictions, may be illiquid and may not be suitable for all investors. The value of, or income from, any investments referred to herein may fluctuate and/or be affected by changes in exchange rates or events. Past performance is not indicative of future results.

Investors are expected to make their own investment decisions without relying on this publication. Only investors with sufficient knowledge and experience in financial and business matters to evaluate the relevant merits and risks should consider an investment in any issuer or market discussed herein. Disclosures: The inventories of Merchantec may from time to time include securities mentioned herein. Given that traditional brokerage payment alone would not cover the costs of producing this research; a subscription-based model has been employed where subscribers (including some companies being researched) are contributing a nominal amount per month for access to the on-going research.

Merchantec and/or its affiliates and any of its or their officers may have an interest in transactions and/or securities referred to herein. Merchantec and/or its affiliates may perform services, for, or solicit business from, any company referred to herein. Copyright: In terms of the Copyright Act 98 of 1978, as amended, no part of this report may be reproduced in any form or by any means, including photocopying, without the prior written consent of Merchantec.