Tag Archivesmarkets


Global equity markets: What’s in store for 2019

2018 was the S&P 500’s worst year (-6.2% YoY) since 2008, while the MSCI World Equity Index dropped 10.4% YoY. For the first time in years, all major global asset classes produced negative real returns. Emerging markets (EMs) bore the brunt of the risk-off environment, with the JSE All Share Index closing 2018 with a […]

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Santam to list on A2X Exchange

Santam Limited (Share code: SNT), South Africa’s largest general insurer with a market cap of more than R34 billion, will effect a secondary listing of its shares, on the A2X Markets exchange. Its shares will be available to trade on A2X from 1 February 2019. (more…)

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Craig Pheiffer

What 2019 holds in store for markets

By Craig Pheiffer, Chief Investment Strategist: Absa Stockbrokers & Portfolio Management. Although the expected modest pick-up in the South African economy in 2019 should be positive for local companies, households and consumers can expect to continue to be under pressure over the next 12 months. While it may well be another bumpy ride in 2019, […]

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Letter from Tim Cook to Apple investors

January 2, 2019 To Apple investors: Today we are revising our guidance for Apple’s fiscal 2019 first quarter, which ended on December 29. We now expect the following: Revenue of approximately $84 billion Gross margin of approximately 38 percent Operating expenses of approximately $8.7 billion Other income/(expense) of approximately $550 million Tax rate of approximately […]

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A global markets temperature gauge

We’ve all heard that it is time in the markets that counts, not timing the market. But as we know, market cycles do exist. They are very difficult to predict accurately, but they can and should be assessed in broad terms. (more…)

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Global growth is out of sync – what’s in store for SA

By Reza Hendrickse, Portfolio Manager at PPS Investments. Global economic expansion fell out of sync this year unlike the previous two years as global growth appeared to have plateaued. This is evident in Q3 where the performance has been less than spectacular. (more…)

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 Gielie de Swardt, head of Retail Distribution at Sanlam Investments

US economy sees relief from subdued trade disputes in September

By Gielie de Swardt, head of Retail Distribution at Sanlam Investments. The US economy enjoyed relief from subdued trade disputes, which served to increase investor optimism. While the United States followed through with $200 billion in new tariffs initiated in August, negotiations neutralised after China responded in turn with a 10% tariff on imports. (more…)

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3 important investing principles to remember when markets get scary

South African investors are nervous and for good reason. With a sluggish economy and weak Rand, worries over uncertain land expropriation policies and fears that the often market-leading US stocks are set for a correction, many people are wondering if they should sell up or stop investing. (more…)

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