Tag ArchivesSouth Africa

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Market review: December 2017

By Carl Roothman, CE of Sanlam Investments Retail Business. December was another eventful month on the financial calendar and the year 2017 did not go down quietly. An important driver of global markets’ strong growth in recent months has been the expectation of the implementation of President Trump’s tax reform. (more…)

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Fitch: South African Political Uncertainty to Persist in 2018

Political uncertainty will persist in South Africa following the election of Cyril Ramaphosa as leader of the African National Congress, Fitch Ratings says. The closeness of the result, and the likely challenges in agreeing and implementing changes to existing economic and fiscal settings, suggest that the policy paralysis prior to this week’s national conference may […]

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Key market take-outs on ANC election result

The ANC has elected Cyril Ramaphosa as its new President. He will in all likelihood also become the President of South Africa following national elections in 2019 or earlier, if President Jacob Zuma steps down before then. (more…)

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Taking proper precautions vital for road users this festive season

With the festive season now officially underway, South African motorists are, once again, at increased risk of being involved in an accident with many insurers already seeing a significant spike in claims for vehicle-related incidents. This according to Dawie Loots, Chief Executive Officer (CEO) of MUA Insurance Acceptances, who says that drivers need to take […]

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Christo Botes

Commercial property ripe with investment opportunities

The property market in South Africa remains unfavourable for real estate agents and sellers following years of low price growth and stagnant sales. However, this depressed market provides many opportunities for investors, provided that the properties are carefully chosen with thorough due diligence and a long-term investment plan in mind. (more…)

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Nedbank ‘disappointed’ by S&P’s downgrade of SA’s local currency sovereign debt

Nedbank is “disappointed” by S&P Global’s decision to downgrade South Africa’s local currency sovereign debt ahead of key events such as the ANC’s elective conference in December and the national budget in February next year. While Nedbank welcome Moody’s decision to maintain its investment-grade rating of South Africa’s government debt for now, it notes its […]

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Prof Raymond Parsons

S&P and Moody’s send strong message to SA

The latest decisions by S & P Global Ratings and Moody’s on SA’s investment rating, although less severe than widely expected, nonetheless send another strong message to SA to get its house in order sooner rather than later. This is according to NWU School of Business and Governance Economist, Professor Raymond Parsons. (more…)

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Government responds to S&P and Moody’s rating actions

  In a statement early this morning, government responded to the rating decisions of S&P and Moody’s that were published last night: S&P S&P has lowered South Africa’s long term foreign and local currency debt ratings by one notch each to ‘BB’ and ‘BB+’, respectively, citing “weak real nominal GDP growth that has led to […]

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