Tag ArchivesSouth Africa

No pre-Christmas rally on global markets

By Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist), Old Mutual Multi-Managers. Hopes of a pre-Christmas rally on global equity markets were dashed last week. The optimism around a thawing in US-China trade relations following the G20 Summit in Buenos Aires lasted barely a day before it became clear that there was widespread […]

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Nkareng Mpobane

A tough investing year behind us, what now?

By Nkareng Mpobane, Chief Investment Officer Ashburton Investments. It has been an extremely challenging period in markets. Investors are disillusioned, while their portfolio managers have been humbled. A manager whose style maintains a bias toward the large-cap sector of the JSE likely suffered negative returns regardless of their selection decisions. Giants such as MTN, Aspen […]

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Government responds to rating action by Fitch Ratings

Government says it notes Fitch’s decision to affirm South Africa’s long term foreign and local currency debt ratings at ‘BB+’ and maintain the stable outlook. South Africa’s foreign and local currency credit ratings by Fitch remain below investment grade. According to Fitch, the ratings affirmation and stable outlook are based on the following factors; “low […]

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

S&P keeps SA’s credit ratings unchanged

Last night S&P announced a decision to affirm South Africa’s long term foreign and local currency debt ratings at ‘BB’ and ‘BB+’ respectively, and maintain the stable outlook. According to S&P, the rating affirmation is underpinned by the following drivers: “Anemic economic growth in 2018 and high contingent liabilities continue toweigh on South Africa’s fiscal […]

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Tlotliso-Phakisi1

Why tourism is the quick fix SA needs

The tourism industry has been hamstrung for a number of years by unfriendly visa requirements, introduced under ex-Home Affairs Minister Malusi Gigaba’s leadership. These requirements negatively impacted the number of tourists entering the country. In particular, the controversial requirement that visitors travelling with children under the age of 18 years provide their unabridged birth certificates […]

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Paul-Heijsman1

Why South Africans apply for Citizenship-by-Investment

Citizenship-by-Investment is on the rise globally with over 2.4bn USD spent each year derived mostly from China, the Middle East, and Russia, with South Africa not far behind. (more…)

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Nkareng Mpobane

SA equity market likely to struggle but bargains emerging

The South African overall equity market has shed more than 20% from its highs at the beginning of the year in dollar terms, a similar sized drop to the ‘Nenegate’ slump of 2015.  (more…)

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Morningstar Investments _Hortense Bioy_ESG Investments

ESG looms large for SA investment advisors and asset managers

By Hortense Bioy, Director, Passive Strategies and Sustainability Research, EMEA, Morningstar. How do publicly-listed companies deal with environmental issues and climate change? How do they manage carbon risk? How do they treat their workers, and do they have effective health and safety policies? Do they manage their supply chains in a sustainable way? Do they […]

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