Tag: Luigi Marinus
National Budget 2022 commentary
The National Budget was characterised by the balance between social welfare expenditure and fiscal sustainability amid a disappointing outlook for GDP growth in South Africa. The estimate for GDP growth for 2021 was reduced from 5.1% to 4.8% and forecasted to grow at 1.8% p.a. over the next three years.
Asset allocation – an important contributor to portfolio returns
As a multi-manager, the two most important investment decisions we face are manager selection and asset allocation. Our manager selection process is aimed at identifying managers and funds that deliver consistent long-term performance aligned with the investment philosophy of the strategy.
SARB rate cut: keeping inflation stable and offering some relief
The Monetary Policy Committee (MPC) unanimously decided to decrease the repo rate by 100 basis points to 5.25%. This somewhat unprecedented move was a direct result of the deterioration in economic conditions due to the COVID-19 pandemic experienced in South Africa and across the globe.
