Desert Lion Capital, managed by Rudi van Niekerk, returned approximately +4.4% net for April and +8.4% year-to-date in 2024, outperforming the JSE All Share Index. Calgro M3, a company in their portfolio, showcased compelling opportunities during earnings season.

Russia's use of prisoners to support its war effort in Ukraine has become widespread, with the practice continuing even after the death of Wagner Group's founder in August 2023. The defense ministry has taken over prison recruitment, offering contracts to inmates, including those convicted for 'discrediting' the military. The law passed in late March 2024 allows suspects to avoid conviction if they fight on the front lines. This practice is open to corruption, with some prisoners potentially staying behind due to connections.