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Investors cautiously optimistic

Investors cautiously optimistic about fairly valued market Pleasing macroeconomic data and policy-maker support for developed world economies have put investors’ minds at ease for now, but most financial advisers and institutional investors polled in the November Sanlam Investment Management (SIM) Investor Confidence Index (ICI) do not believe the market is currently cheap. According to Candice […]

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Inflation up, GDP down

The latest set of numbers from Stats SA show third quarter GDP at 2.6% and October inflation at 3.4%, an increase of 0.2% from the previous month. Food and transport inflation has increased, housing and health costs have increased. Albeit the increase is slight and the inflation rate remains well within the target band of […]

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It’s a buyers’ market for house sales

50 basis points reduction

SA Reserve Bank Governor Gill Marcus announced a further 50 basis points reduction in the Repo rate earlier this afternoon (18 November 2010). This takes the Repo rate to 5.5% – the lowest in almost 30 years. In her address Marcus said that since the last MPC meeting the outlook for inflation had improved further […]

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The gap is R18trillion

The second study into the gap in insurance cover in South Africa was released today in Johannesburg (17 November 2010). The study was conducted on behalf of Asisa (Association of Savings and Investment SA) by True South Actuaries and Consultants, co-authored by the Bureau of Market Research at Unisa. The first study showed a gap […]

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US Housing market still weak

The US housing market – the start of the sub-prime crisis – remains, according to Stanlib economist Kevin Lings, extremely troubled. In a research note Lings comments that “overall, the US housing market is still facing a very significant over-hang that appears, in-fact, to have worsened in the past couple of months. This renewed weakness […]

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Eight investment principles

At a recent BoE Private Clients’ presentation, chief investment officer Daryll Owen gave the following eight investment principles: 1. The price you pay is an important determinant of future returns 2. Long term investing is well considered – and stay in the market for a true long term benefit – getting the return of the […]

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Fixed interest funds attract investors

Fixed interest funds attract bulk of R29-billion net inflow The South African collective investment schemes (CIS) industry attracted net inflows of R29-billion in the third quarter of this year, second only to the R35-billion recorded in quarter two of last year. This brings assets under management by the local CIS industry to a record R868-billion, […]

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Unemployment sticky

Unemployment sticky October 2010 US employment data show a still high 9,6% unemployment – unchanged from September 2010. US unemployment was at a low of 4.4% in May 2007, and recently peaked at 10.1% in October 2009. Stanlib economist Kevin Lings says that since October 2009 the rate of unemployment has generally eased; mainly because […]

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