This week has brought eventful news: the UK is leaving the EU; Trump may be acquitted today; and the Coronavirus has been classified as a global health emergency. Locally, the Public Protector has been asked to step down; Eskom’s CEO has been creating a buzz, and Cosatu has plans to rescue Eskom! Global News Britain…
After four years of Brexit uncertainty, Prime Minister Johnson’s majority in parliament has allowed him to pass his Brexit deal! There are still hurdles before it is finalised, but the steps are in motion. Tito Mboweni flew the flag for South Africa in Davos this week, saying that besides immediate steps to resuscitate the economy,…
Please find below an article from Kevin Lings, Chief Economist, STANLIB: In 2019 the Rand strengthened by 2.8% against the US Dollar, after depreciating by -13.9% in 2018. In 2017 and 2016 the Rand had strengthened by 10.5% and 13.2% respectively, after collapsing by -25.4% against the US Dollar in 2015. Clearly the Rand is…
What an eventful week: The impeachment trial has begun, Russia’s government resigned, and Australia received some desperately needed rain. Locally, there have been many shifts too – the SARB lowered rates, the Zondo Commission resumed, and President Ramaphosa made forward strides with regards to Eskom. Global News President Trump’s impeachment trial has begun. Democrat Adam Schiff read…
Welcome to our last News Flash of 2019. We wish you peace and joy as the year draws to a close and may your journey into the new decade continue on this note, accompanied by much prosperity. Our Weekly News Flashes will resume on the 10 January 2020. Global News Boris Johnson has won a conservative…
SAA has finally gone into business rescue. What this means for the long-term prospects of the business is still unknown, but a business rescue practitioner will be appointed immediately. This may be a good move as at least changes are being made to the bulky state-owned enterprises, and this will in-turn alleviate the weight bearing…
Over the past few weeks there have been many developments regarding the health of South Africa’s economy, centering around whether there will be a downgrade to junk status in March 2020. Currently, this seems like the most likely scenario, and for this reason, Dynasty is maintaining its investment strategy of protecting our clients’ portfolios from…
A mosaic or tapestry of news was in store for us this week. Many different stories evolved as we made our trudge towards the end of 2019. In South Africa, there were new appointments to SOE leadership positions, accompanied by arrests in connection with state capture and corruption. Globally, the US passed a bill to…
Globally, there continues to be much disruption: China is battling to maintain growth in the face of the Trade War; Germany has been flirting with recession for years now; Hong Kong is in turmoil; and South Africa is just attempting to stay afloat. As a result of this, Moody’s has adjusted its global economic outlook negatively, a…
