January 2023 In Review South African equity markets had a very strong rally and ended the month nearly 9% higher. This strong performance was led by Naspers, Prosus, and Richemont. Local bonds gained almost 3%. Global markets also recovered [...]
December 2022 In Review It was another tumultuous year in markets. For the full year no domestic asset class offered positive real returns for the first time in over two decades. Money market investments (up 5.1%) provided the best [...]
Economic and Market Overview December 2022 November In Review An advisory panel established by SA’s parliament found there are grounds for lawmakers to investigate President Cyril Ramaphosa in connection with a scandal over a robbery at his game farm. “In [...]
Economic and Market Overview November 2022 October In Review The International Monetary Fund published their bi-annual World Economic Outlook in October. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent [...]
Economic and Market Overview October 2022 September In Review Central banks around the world continued to push their official rates higher in an attempt to curb inflation. The US Federal Reserve added 0.75% to the Fed Funds rate while the [...]
Economic and Market Overview September 2022 Global The last 15 years represent a truly remarkable time in the global economy and markets. From the Bear Sterns leverage credit hedge funds collapse in 2007 to the war in Ukraine, the last [...]
Economic and Market Overview August 2022 Global From inflation to recession. This was a dominant theme in macro-economic analysis in July. Inflation in most developed markets has likely peaked and attention has now shifted to the likelihood of recessions occurring [...]
Economic and Market Overview July 2022 Global June saw a sharp increase in volatility and risk aversion in capital markets around the world as equity and bond markets alike sold off. At the start of the year, many equity markets [...]
Economic and Market Overview June 2022 Global Economic growth around the globe is likely to be lower than was anticipated at the start of the year. Combined with the war in Ukraine, strict COVID-19 lockdowns in China, higher inflation for [...]
Economic and Market Overview May 2022 Global Rising inflation and increasing interest rates are front of mind for most investors as the effects of the war in Ukraine seem to be priced into markets. Jerome Powell, chairman of the US [...]
