Rand Blowout ‘unlikely’
The rand fell to levels last seen in 2001 in recent weeks as the slowdown in China and a stronger dollar wreaked havoc among emerging market currencies. This fueled fears that the local currency could plummet to R20 to the greenback. But such a blowout is unlikely, reports Ingé Lamprecht for Moneyweb. Click to read the article “Rand blowout ‘unlikely’ “
A Quick Glance Back at the Second Quarter…
The end of the second quarter (June) proved rather eventful for investors eyeing global markets: heated political arguments around debt repayments in Greece; the U.S. Federal Reserve’s ‘almost confirmation’ of a 2015 interest rate hike and uncertainty over China’s economic outlook dominated the news headlines and fuelled a bearish sentiment.
Economic Wrap from Stanlib’s Kevin Lings (June 2015)
These economic updates from Kevin Lings, the Chief Economist at Stanlib, on the South African and global economies are insightful. This video covers the South African economy (June 2015).
Source: STANLIB.
Rollercoaster Ride on the JSE
It has been another roller-coaster ride on the JSE, as the graph below shows. The sometimes steep ups and downs of the exchange illustrate why long-term investors should not be alarmed by short-term market movements. From a drop at the beginning of the year, the All Share Index went up steeply, albeit not in a straight line, until mid-March, when it took a breather, before soaring to a record high at the end of April. But May and June saw it drop – external influences such as fears of a Greek default, or worries about when US rates would be hiked – have been cited as amongst the factors influencing that drop. But come June the index went jogging upwards again. So it has been said before but it is worth repeating here – investors should not lose sleep over short-term volatility.
Game over for Tax Dodgers?
Is it game over for tax dodgers? As Ingé Lamprecht reports for Moneyweb, there is virtually no place to hide as countries adopt a system of the automatic exchange of information. Click to read the article “Game over for Tax Dodgers?”
