Tag: investment downgrades

Many of us became more comfortable with using technology for everyday purposes like buying groceries, clothing and medication. One aspect of investing that was magnified during the lockdown was the importance of diversification. Introducing different asset classes and geographies into a portfolio can certainly be put down as one of the major lessons from last year.

On first blush there is ample reason to be miserable. The economic data released earlier this week has once again confirmed that South Africa is in a recession. An investment downgrade is more likely to happen than not to, and the lack of tangible progress in South Africa gives little reason to cheer. Add load shedding, crime and the fact that the Corona Virus is around the corner, and one must wonder why more of us aren’t medicated. I imagine it’s partly because we can no longer afford it.

Willie Botha | Senior Executive: Assurance and Practice | SAICA | willieb@saica.co.za | www.saica.co.za | The World Economic Forum’s (WEF) Competitiveness Report 2017-2018 that was...