Seed Market Overview – 31 December 2017

Local Market After two calendar years of weaker returns (5% in 2015 and 2.6% in 2016), market prices produced a respectable 21% in 2017. Despite this move up in prices, the 5 year compounded return for the JSE All Share index is only up to 11.9%. Nevertheless, this is an approximate 6.5%real rate of return…

The First Nine Months of 2017

As we start the last quarter of 2017, it is interesting to have a quick review of the first 3 quarters of the year. The table below reflects the return across the main local asset classes for the year broken down per calendar quarter. Despite the heightened perceived level of risk, the local share market…

Market Flash – July 2017

SA Economic Review  The SA economy expanded by only 0.3% last year, the lowest rate seen since 2009. During July, the Monetary Policy Committee (MPC) reduced its forecast for growth this year to 0.5% from 1% and trimmed the outlook for 2018 to 1.2%. With the country currently going through its 2nd recession in almost…

Market Flash – June 2017

ZAR VS Euro Over the last 20 years the Rand has weakened on average by 5.67% per annum against the Euro. YTD the Rand lost around 3.4% against the Euro, mainly due to SA economic and political instability. R100,000 invested in July 1997 in euro’s, would have given you €20,200. Today, that would be worth…