Tag: Old Mutual Wealth
First in, first out: China’s fortunes are of more than passing...
Although we all know the coronavirus that causes COVID-19 first emerged in China, there is some debate as to exactly when. As it spread through the city of Wuhan, authorities took what at the time seemed like an extraordinary decision to place the whole metropolitan area in quarantine from late January onwards.
IMF funding: the benefits to SA’s investment outlook
A loan from the IMF could instil investor confidence – with or without conditions. The previous announcement by the Minister of Finance Tito Mboweni that the South African Government is considering approaching the International Monetary Fund (IMF) for financial assistance amid the COVID-19 pandemic has drawn quite a bit of criticism.
Sickly Rand also a COVID-19 patient
The number of confirmed COVID-19 cases worldwide surpassed one million last week. This number probably still understates the true spread of the coronavirus given the lack of testing in many places, and the fact that some infected persons don’t show symptoms.
Fitch downgrade is not as bad as it seems
There was more salt in the wounds for South Africa when Fitch announced that they were downgrading government's credit rating another notch, this follows the announcing by Moody's a week ago that they were also downgrading the credit rating.
COVID-19 investment note: the coronavirus shocks
The global economy has been hit by five shocks as the coronavirus spread rapidly. This could not have been predicted, though with hindsight the market was initially much too complacent. The situation is so uncertain now that a strategy based on trying to predict the future is bound to get it wrong.
Coronavirus investment note: uncertainty deepens
There is a distinct lack of good news at the moment, and certainty is in short supply. The coronavirus is spreading rapidly in Europe, the Middle East and North America, and we have to assume it will continue spreading at a rapid rate.
The lean years don’t last forever
Political concerns have dominated markets in recent months. It has mostly been US President Donald Trump throwing his weight around (tariffs, Iran, North Korea), but in the past week Italy has been the source of market unease.
Political instability a concern?
While South Africans are still coming to terms with the implications of junk status (so far not much), global markets are not standing still and a number of notable developments are taking place.
