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.