Events that moved the market 2020
Jan 18, 2021
3 Jan 2020 Source: BBC News US kills top Iranian general President Trump orders the killing of Iranian General Qasem Soleimani, along with other Iran-backed militia at Baghdad airport. 16 Jan 2020 Source: Statistics SA SA cuts repo rate to 6.25% The SA Reserve Bank’s Monetary Policy Committee unanimously cuts the repo rate by 25bps [...]
December 32nd, 2020
Jan 18, 2021
2020 did end on a positive note, though - at least as far as asset prices go. Markets posted respectable numbers to end off a challenging year with gains exceeding the March drawdowns. The concern being that the performance we have seen is largely thanks to looser monetary policy and stimulus packages rather than markets pricing in a recovery and return to normal. In reality, the true recovery…
December 2020 economic review
Jan 14, 2021
Global markets performed favourably over the December period after Donald Trump signed a much needed $1.4 trillion spending bill and an accompanying $900 billion stimulus package. The markets also reacted well to the UK-EU trade deal, putting an end to the idea of a no-deal Brexit.
2020: the year in review
Dec 10, 2020
Every December, as the year draws to a close, I use my time away from the office to reflect on what happened over the past 12 months and what I think we can expect from the next year. I use this time to take stock; to consider where we could have done better; and how best to navigate the business, our staff and our responsibilities to our valued clients during the upcoming year.
Zoom-ing into 2021?
Dec 9, 2020
Amidst all the jokes and memes around 2020 – from the ‘Not a single person in 2015 got it right when asked where do you see yourself in five years?’ to the stereotypical privileged, middle-aged ‘Karen’ wanting to speak to the manager – we will all remember this year for so much, both good and bad.
Update from the Medical Aid desk
Dec 9, 2020
Our offices will be closed over the festive season so we would like to encourage you to save the emergency number for your insurance company. These emergency numbers can be used to lodge claims and add new item to lodge claims and add new items to your policy.
November 2020 economic review
Dec 8, 2020
Markets experienced a record month in November, with strong gains across most markets.
The three most important themes of our time
Dec 7, 2020
According to the WEF, three themes rank as the most important matters of our time: climate change, rising inequality and cyber insecurity. These themes deserve special attention.
Industry report: Fund manager changes Q3 2020
Nov 27, 2020
Please see the Fund Manager Changes industry report that highlights the business and team related changes that occurred during the previous quarter.
SA’s second downgrade for 2020 leaves markets cold
Nov 26, 2020
Fitch and Moody’s adjusted their ratings for the SA government, moving it one notch deeper into ‘junk’ status.