November
2024
SA’s inflation slowed for the fifth month in a row to 2.8% as at the end of October (year-on-year), compared to 3.8% in September strengthening the case for further interest rate cuts by the SARB.
October
2024
October was a volatile month for markets, with global equities moving lower after a strong
rally during the first nine months of the year.
September
2024
As anticipated, the US Federal Reserve joined other central banks in cutting lending rates, paving the way for the SARB to resume its interest rate cutting cycle by 0.25%.
August
2024
August was an eventful month for investors. Inflation slowed more than expected, paving the way for the South African Reserve Bank to start its rate cutting cycle in September.
July
2024
The SARB’s monetary policy committee (MPC) kept the repo rate unchanged for the seventh consecutive meeting at 8.25%.
June
2024
As we pass the halfway point of the year and reflect on market-related developments during
the first six months, we seem no closer to having answers to the same questions we had at
the beginning of the year.
May
2024
After a month filled with election-associated volatility, local equities (Capped SWIX) generated positive returns, while local bonds (ALBI) followed global bond markets higher.
April
2024
April was a tough month for both global equity and fixed income markets. Things looked a bit better with local equities outperforming global equity markets for the second consecutive month.
March
2024
The global interest rate landscape remained a glaring factor as it became evident that the path of interest rate cuts would not be as smooth as initially priced in.
February
2024
Global equity markets continued their positive momentum, with the MSCI All Countries World Index (ACWI) returning 4.3% in US dollar (USD) terms.