When strong markets meet rising uncertainty February delivered a powerful start to the year for investors, with equities gaining over 11% in the first two months of 2026 and resource counters continuing their strong momentum. While market performance has been encouraging, the global backdrop reminds us that uncertainty is never far away. Offshore, geopolitical tensions […]
January delivered a mix of confidence and calm across local and global markets, setting a constructive tone for the year ahead. Locally, South Africa showed encouraging signs of strength. Resource counters continued their impressive momentum, returning over 130% over the past 12 months, while the rand strengthened toward R16. The South African Reserve Bank kept […]
Steady growth at home, mixed signals abroad South Africa closed the third quarter in 2025 on a firmer footing, with GDP growth coming in at 0.5%. This marks the fourth consecutive quarter of positive economic expansion, with nine out of ten industries recording growth compared to the previous quarter a reassuring sign of broad-based resilience […]
November offered a clear reminder of how quickly market conditions can shift. Locally, gold and platinum shares delivered strong double-digit returns, rebounding after a weaker October and continuing their solid performance into 2025. South Africa’s unemployment rate also improved, declining from 33.2% to 31.9% in the third quarter. Offshore, the US Federal Government reopened after […]
October was a month of shifting momentum across markets. Locally, the resources sector pulled back sharply, with gold and platinum counters losing value after months of strong performance. In contrast, South African bonds continued to impress, delivering a robust 20% return over the past year. Offshore, uncertainty grew as the US Federal Government remained shut […]
September saw gold shine bright, rallying to near record highs in both US dollars and rand terms. The surge was fuelled by shifting global policies and growing fiscal pressures, reminding investors why gold remains a timeless safe haven. Back home, South Africa’s resources sector led the way once again — up an impressive 28.1% for […]
This month’s newsletter brings you the latest local and global economic highlights. On the local front, South Africa’s resources sector continued its strong run in August, delivering an impressive 12% return and once again leading the way as the best-performing sector. Globally, the US Federal Reserve kept its federal funds rate unchanged at 4.25–4.50%, holding […]
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 […]
June Market Highlights: Local Progress & Global Shifts In this month’s newsletter, we explore the latest market movements and what they mean for your financial strategy. Locally, South Africa secured a $1.5 billion loan from the World Bank to support critical infrastructure upgrades—covering electricity, transport, ports, and rail. Inflation came in at 2.8% over the […]
Markets, Inflation & Tariffs — May in Review In May, mid-cap stocks led the local market with a 5.5% return, while the Rand strengthened by 3.3%. Inflation cooled to 2.8%, staying below the SARB’s target range. Globally, US inflation continued to slow, and tensions eased as the US and China agreed to a 90-day tariff […]
