The only reason for the rate hike that I can understand is if it is part of a concerted EM action. We know that most of the emerging markets increased rates recently: Brazil, India, Russia, Turkey, etc. With interest rates in the US and Europe likely to stay this low until H2 2015, higher yields
In what was probably a world first, Sanlam iTrade asked Facebook fans to choose 20 shares and manage the portfolio for nine months. We invested R1m in the shares chosen and the portfolio outperformed the JSE All Share Index! The JSE Index increased by 13% from March to November and the iTrade Fantasy League portfolio
28 August 2013 The JSE had quite a spectacular run over the last two months. The Allshare Index gained 14% since 24 June to 26 August and slipped 2% over the last two days. The major engine this time was the Resources sector. The Resi Index shot up 22% from 5 July to 26 August.
So most economists were surprised by the narrowing of the Current Account deficit of the Balance of Payments from 6.5% of GDP to 5.8%, especially whilst forecasts expected it to widen to 7% or more. On top of that the Capital Account registered even bigger inflows than the 4th quarter while we were worried that
The Rand Rand-hedge shares are shares that will generally benefit from a weakening in the Rand exchange rate, mostly the R/$. We saw the Rand continuing to weaken this year. Looking at a three year chart the Rand strengthened against the Dollar to R6.60 by mid 2011. After a sharp weakening to R8.25 in the
Evaluating the market – The International Economy South Africa has a very open economy and is therefore affected by global events. Open economy means that imports and exports constitute a large percentage of our GDP. The equity market is particularly sensitive to global events because of the effect on our currency and economy. Global Economic
When the financial crisis really hit the markets in August 2008 I advised investors to strongly consider investing 10% or more of their portfolios in Gold. It was my opinion that even if the Paulson $750bn plan worked to stabilize the money markets, the consequences will be dramatic and lead to a global recession. I