Earlier this year, the Public Protector (PP), Ms Busisiwe Mkhwebane, a well-known Zuma acolyte, sought to dredge up a decades-old rescue of the SA financial system by the South African Reserve Bank (SARB), alleging ABSA benefitted improperly at the time. Last month, she compounded her folly by drafting an amendment to the SARB’s mandate which
Be optimistic about owning international stocks facing the global consumer! The global growth scenario is improving by the day. The Eurozone economy continues to improve as industrial production and PMI numbers improved in May and June. Consumer confidence also improved and retail sales continue to grow positively as demand for credit continues to pick up
Roeloff Horne (Director & Head of Portfolio Management SA) discusses the South African markets after an eventful Q1-2017. Download printed version of the report:
South African Market Comments Last night’s late and sinister announcement by the State President in his cabinet re-shuffle has shaken the country for several reasons: At least half of his inner cabal warned him not to fire the Minister of Finance. His political alliance partners warned him not to do it. Business leaders warned him
South African regulator, the Financial Services Board (FSB), has confirmed that the first phase of the upcoming Retail Distribution Review (RDR) will be introduced on 1 January 2017 – six months after the original deadline. Speaking to International Adviser, Leanne Jackson, a market conduct strategy adviser at the FSB, said the regulator was planning to
The quarter ended with an unexpected surprise, as the British referendum to leave the European Union (Brexit) sent markets tumbling. Just one week later, markets have actually recovered quite strongly and are close to the pre-referendum levels at the time of writing this review. The JSE stocks that had been hardest hit in the sell-offs included the property and financial
