Monthly Update
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 truce, cutting tariffs significantly.
But with ongoing geopolitical risks—like Russia-Ukraine, Iran-Israel, and US-China—it’s easy to panic.
The key? Focus on fundamentals, stay diversified, and avoid reacting to headlines.
👉 Read more in our Monthly Market & Fund Update.
Summary – May ’25
