November overview South Africa kicked off an eventful November with its sixth municipal elections. The results delivered many surprises as the ANC vote dropped to record lows. Just 46% of registered voters turned out to vote, and for the first time, support for the ANC dropped below 50%. Finance Minister Enoch Godongwana presented his first […]
With appreciation to PortfolioMetrix SOUTH AFRICAN PORTFOLIOS EDITION December 2021 Asset Class Returns Source: Bloomberg and PortfolioMetrix The fourth quarter saw extremely strong performance from western developed equity markets on the back of expectation-beating corporate profit upgrades, with the US leading the way. Asian equities and emerging markets struggled, dragged down by China which continued […]
With appreciation to PortfolioMetrix SOUTH AFRICAN PORTFOLIOS EDITION SEPTEMBER 2021 Asset Class Returns Towards the end of the third quarter of 2021, global equities saw their first sell-off in about a year as fears emerged that China’s heavily indebted property developer Evergrande Group might lead to the collapse of China’s systemically important real-estate market, as […]
October overview South Africa continued to experience a reduction of Covid-19 infections and deaths in October as the third wave came to an end. Eskom increased rolling blackouts at very short notice in the last week of the month. This, along with uncertainty ahead of the municipal elections on the 1st of November, weighed on […]
Oktober oorsig Suid-Afrika het in Oktober steeds ’n vermindering van Covid-19-infeksies en -sterftes ervaar namate die derde golf tot ’n einde gekom het. Eskom het in die laaste week van die maand op baie kort kennisgewing kragonderbrekings aangekondig. Dit, tesame met onsekerheid voor die munisipale verkiesing op 1 November, het op sake- en verbruikersvertroue geweeg. […]
September overview On the 30th of September, President Cyril Ramaphosa announced the move to Level 1 lockdown. Caution remains an ongoing theme, as talks continue of a potential fourth wave over the December period. The MPC met on the 23rd of September, where they unanimously decided to keep the repo-rate unchanged at 3.5%, with Prime […]
September oorsig Op 30 September kondig president Cyril Ramaphosa die skuif na vlak 1-inperkings aan. Dit bly belangrik om versigtig te wees aangesien die uitbreek van ’n vierde vlaag gedurende die Desember-tydperk ’n moontlikheid is. Die Monetêre beleidskomitee (MBK) vergader op 23 September, waar hulle eenparig besluit om die repokoers onveranderd op 3,5% te hou, […]
August overview South Africa spend August under adjusted alert Level 3 Covid lockdown and according to Department of Health data, 12.6m vaccines have been administered by the end of August. At the beginning of the month President Cyril Ramaphosa announced his long-awaited Cabinet reshuffle. The biggest surprise was Finance Minister Tito Mboweni’s replacement with ANC […]
Augustus oorsig Suid-Afrika spandeer Augustus onder aangepaste vlak 3 Covid-inperkings en volgens gegewens van die Departement van Gesondheid, is daar teen einde Augustus 12,6 miljoen entstowwe toegedien. Aan die begin van die maand kondig president Cyril Ramaphosa sy langverwagte kabinetskommeling aan. Die grootste verrassing was Tito Mboweni, minister van finansies, se vervanging met die ANC […]
With appreciation to PortfolioMetrix SOUTH AFRICAN PORTFOLIOS EDITION JUNE 2021 Asset Class Returns The second quarter of 2021 was notable in that markets began to shift away from the ‘reflation’ narrative of future high expected growth and high expected inflation. This narrative had been prevalent since the announcement of successful vaccine trials in November 2020 […]
