Monthly Update
In June, South Africa’s resources sector led the way, delivering a strong 5.1% return, while the Rand strengthened by 1.4% against the US Dollar – a welcome boost for local investors.
On the global front, the US economy showed mixed signals. Annual inflation came in at 2.7%, with the Federal Reserve’s preferred measure – the Personal Consumption Expenditure Index (PCE) – rising to 2.6%. Meanwhile, the US July Jobs Report reflected weaker growth than expected, with only 73,000 jobs added compared to forecasts of 110,000.
In this month’s update, we also explore The Power of Compounding and how disciplined investing can grow your portfolio to R1 million over time.
👉 Read more in our Monthly Market & Fund Update.
Summary – July ’25
