Market Commentary – October 2019
Equity Market Commentary by Mila Mafanya
Interim CEO & Head of Equities
Following a solid start to the first 2 quarters of the year, global equity markets buckled in the 3rd quarter. Emerging markets bore the brunt of the volatility flare ups triggered by a raft of global uncertainties.
During the month of July, the market was pre-occupied by continuing global growth fears and incoming UK Prime Minister Boris Johnson’s overtures around a no-deal Brexit...
Market Commentary Global Markets Oct 2019
Money Market Commentary by Bongani Ngwanya
Money Market Portfolio Manager and Head of Dealing
The South African Reserve Bank’s (‘SARB’) ability to cut interest rates to boost the economy is limited by political and policy uncertainty and inflation that’s still not sufficiently anchored at the midpoint of its target range. That’s partly due to deteriorating fiscal metrics caused by bailouts for state-owned companies such as Eskom, the central bank said in its bi-annual Monetary Policy Review...
ABSIP Financial Sector Awards 2019
