Compliance

Our World-Class Compliance Approach

Overberg Asset Management (Pty) Ltd is a registered investment manager, licensed and regulated by the Financial Services Conduct Authority of South Africa as a Category 1 and 2 Financial Services Provider (FSP) in terms of the Financial Advisory and Intermediary Services (FAIS) Act (License No: 783).

Overberg strives to continuously improve its level and standard of compliance, which with the assistance of Moonstone*, it is confident of maintaining at a world-class level.

Visit Moonstone for more information

*Why Moonstone?

Overberg Asset Management (Overberg) has appointed Moonstone Compliance (Pty) Ltd (Moonstone) to provide compliance officer services. Moonstone was authorised by the Financial Services Conduct Authority (formerly Financial Services Board) as a compliance practice (188) and provides comprehensive compliance related services across a wide spectrum of the financial services sector, including asset management. Moonstone has a team of compliance professionals located all over South Africa. Overberg chose Moonstone for its excellent reputation as industry leader, well-known for delivering professional compliance, regulatory risk management and licensing solutions to its clients. Moonstone delivers compliance services in Category I, II, IIA, III and IV Financial Services Providers. Support includes; experienced compliance specialists, industry & legislation updates, FSCA licensing & profile changes, FICA training and assessments, workshops and seminars as well as suite of supporting document and procedures.

Key Individuals

Mr. Nick Downing

Mr. Gideon Fourie

Mr. Mark Diuga

Conflict of interest

In terms of Board Notice no. 58 of 2010, published on 19 April 2010 every Provider must adopt, maintain and implement a conflict of interest management policy that complies with the provisions of FAIS. For your convenience, we include a link to our Conflict of Interest Policy.

This website is intended for information purposes only. Whilst every effort has been made to ensure the accuracy of the information provided, past performance is not necessarily a guide to the future.


Investing in securities traded on stock exchanges, in unit trusts and bonds carries an inherent risk. This means that the value of any investment may fall or rise and the full amount originally invested may not be recovered. Foreign investments will be denominated in an offshore currency and as such carry a currency risk.

Weekly Market Report

Information and opinions presented in our Weekly Report are obtained or derived from public sources that Overberg Asset Management believes are reliable but makes no representations as to their accuracy or completeness. Any opinions, forecasts or estimates herein constitute a judgement as at the date of this Report and should not be relied upon.

There can be no assurance that future results or events will be consistent with any such opinions, forecasts or estimates. Furthermore, Overberg Asset Management accepts no responsibility or liability for any loss arising from the use of or reliance placed upon the material presented in this regular Report.

Portfolios are directly managed by Nick Downing and Gielie Fourie, major shareholders of Overberg Asset Management with over forty years combined international experience.

The fund management team also comprises Werner Erasmus, and Carel La Cock, who provide research and analytical support.

All emails sent by us and bearing the designation “@overberg.biz” (including any attachments) are confidential and may be privileged. Nothing in any email message constitutes an offer, warranty or representation from us. If you have received a message by mistake, please notify the sender by return e-mail and delete the message from your system. Any unauthorised use or dissemination of the message in whole or in part is strictly prohibited.

Please note that e-mails are susceptible to unauthorized amendment. Overberg Asset Management shall not be liable for the improper or incomplete transmission of the information contained in the communication nor for any delay in its receipt or damage to your system.

Overberg Asset Management does not guarantee that the integrity of the communication has been maintained nor that the communication is free of viruses, interceptions or interference. We cannot be held liable for any harm or loss resulting from malicious software code or viruses in any message or attachments, including data corruption resulting there from.

None of our employees or representatives are permitted to send unsolicited messages (“spam”) and our company cannot be held liable therefore. If you regard any message as spam, please inform us immediately by sending an email to info@overberg.biz.

This disclaimer applies to any original message, any attachments and all subsequent messages or attachments we may send. If you have any questions on the above disclaimer, please contact Overberg Asset Management offices between 8.30am and 17:00pm Monday to Friday.

Board of Directors

Nick Downing

Gemma Downing

Gideon Fourie

Carel la Cock

Werner Erasmus

POPIA & PAIA

Data privacy and data protection is important to Overberg Asset Management (Pty) Ltd, and this Policy sets out the POPIA principles in line with existing FAIS
requirements to ensure the safekeeping of all data by Overberg and Employees/ Parties. This Policy applies to all data obtained via products, services, websites and events operated by Overberg or by any other means. For your convenience, we include a link to our POPIA, Privacy and Data Protection Policy, and our PAIA and POPIA Manual. The Information Regulator’s PAIA Guide is available on request in English, Afrikaans, Xhosa, Zulu and Sotho. Email informationofficer@overberg.biz to request a copy in your preferred language.

Complaint Submission

Section 27(1) of The Financial Advisory and Intermediary Services Act 2002 (FAIS) deals with the receipt, prescription, jurisdiction and investigation of complaints. All Financial Service Providers are required to have the required systems and procedures in place for the purpose of timeous and efficient resolution of complaints received within specified timeframes. If you would like to submit a compliant to our Complaints Management Head please complete our Client Complaints Registration Form and email it to clientcomplaints@overberg.biz. Overberg takes all complaints and the resolution thereof seriously.