It is hard to believe that I find myself writing a year-end message what feels like scarcely months after welcoming you all to 2022.

The year has flown by, as things slowly started to return to normal after the disruptions of 2020 and 2021. The markets, however, did not rebound as quickly, and this year has remained a challenging one in the face of rising inflation and living costs, and increased loadshedding.

But we should not forget that for all the challenges we have faced here at home, developed markets are facing similar issues of their own – particularly where inflation and energy were concerned.

Through it all, the astute investors have remained invested, because that is what history has told us to do. The events of the past three years are not unique to our times; there have been many past economic events that have rocked global markets and from which they have gone on to recover.

During those times the investment philosophy was to stay invested, and so it is too today.

We believe the markets locally and abroad will recover, even if this takes longer than expected to do so. For now, we are still in it for the long haul, and confidently so.