You had to feel a little sorry for our newest finance minister when he presented the recent mini-budget. Stuck between “a rock and a hard place” with no room to manoeuvre. SA has literally hit its fiscal cliff with the
As investors we are taught not to let macro factors overly influence our investment decisions. There is empirical evidence suggesting that even if you can correctly call a macro event like Brexit it is still impossible to know how the
The million-dollar question for South African investors is the exchange rate. The reason for this is that 50% of the JSE’s overall earnings is now generated from overseas. A weaker rand translates into higher earnings and thus higher share valuations.
A recent Credit Suisse report revealed the best performing stock market since 1900 to be none other than our own ALSI. Hard to believe considering all the turmoil SA has been through over the last 116 years or maybe that
A bias is defined as; “Not logical or reasonable” “…tendencies to think in certain ways that can lead to systematic deviations from a standard of rationality or good judgment”. Recency Bias refers to our expectation for future returns based on
The rating downgrade is not the concern, but the reason for the downgrade is. Rating agencies primarily consider two critical factors when issuing a credit rating. Firstly, your ability to pay back the debt and secondly your willingness. How does
I was invited to spend a full day with arguably South Africa’s top asset manager; you go there with very high expectations hoping to get all the answers. These are the guys with the enviable track- record of consistently beating
The recent political rhetoric or should I say open warfare between the premier league a.k.a. Zuma and cronies vs. the reformists is heating up rapidly and likely to get a lot worse before the ANC elective conference in December. The
Why all the fuss over the recent cabinet reshuffle and the firing of Pravin Gordhan (PG) as Minister of Finance. Quite simply the treasury has been “captured”; the next institution under threat would be the Reserve Bank and then the
At the risk of committing career suicide I would like to admit the following. I have no idea the affect Trump will have on our share market over the next few months…..I can hear the response “What! You don’t know.