Monthly Update
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 the month. Meanwhile, in the US, inflation held steady at 2.9%, and job growth slowed, adding just 22,000 jobs against expectations of 75,000.
As markets adjust to changing conditions, diversification and discipline remain key to navigating uncertainty — and finding opportunity in resilience.
👉 Read more in our Monthly Market & Fund Update.
Summary – September ’25
