An investment risk outlook for 2019 Q4. Political and economic uncertainty are wreaking havoc with the rand. The currency has depreciated 6.5% against the dollar in August, with the worst performance among emerging-market currencies after Argentina’s peso. During the past month, it has whipsawed between daily gains of as much as 1.1% and losses of...
Investors now have little alternative but to support risk assets if they want to beat inflation. This is according to Tom Elliott, International Investment Strategist at deVere Group. Global stock markets entered 2018 with positive momentum, including the Dow Jones which has surpassed 25,000 for the first time in history.
Finance Minister Pravin Gordhan is under increasing pressure to extract more wealth taxes when he delivers his budget on 22 February. But South Africans are already heavily taxed compared to citizens of our BRICS (Brazil, Russia, India and China) peers.
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