News flash

Junk Status – Dynasty News Flash – 11 April 2017

S&P and Fitch downgraded South Africa’s credit rating this week to ‘junk status’, both citing President Zuma’s cabinet reshuffle for their unscheduled decision. The rand is now the world’s worst performing emerging market currency, after being the best performer in the first few months of the year. Global News Over the past ten days, the…

News flash

Cabinet Reshuffle – News Flash – 4 April 2017

We said that last week was politically charged; this week was even more so. On Thursday, President Zuma reshuffled his cabinet without consulting the ANC’s Top 6, in turn causing upheaval on the markets and in the political landscape. S&P has downgraded South Africa’s sovereign credit rating, the rand has tumbled, and the ANC may…

News flash Ahmed Kathrada

News Flash – 28 March 2017

This week has been politically vibrant. From Trump stepping away from his proposed health care plan sighting, “Nobody knew that healthcare could be so complicated” opting to move onto tax cuts. To Zuma recalling Pravin Gordhan from an international investment roadshow, amongst alarmed whispers of a cabinet reshuffle and the removal of the Finance Minister.…

News flash April Fools

News Flash – 14 March 2017

The biggest issues of the last week were the fact that precious metals got sold off due to dollar strength and the upcoming Fed meeting on Wednesday – where there is a strong suspicion of a rate hike. South African politics is currently as colourful as ever with politicians tap dancing around the blame conspiring…

News flash Weekly News - 7 March

News Flash – 7 March 2017

Global News: The MSCI World Index has gained 0.4%, over the past week, while the MSCI Emerging Market (EM) Index fell by 1%. Since December 2016, the EM Index has risen by 13.4%, all in US dollar terms. In the US, shares continue to surge in reaction to Trump’s speech last week, strong consumer confidence,…

News flash Pravin Gordhan walks with members of the Finance Ministry

News Flash – 28 February 2017

Global News: In 2017, the MSCI World Index has gained 5.4% in dollar terms while the MSCI Emerging Market Index has returned 9.5%, also in dollar terms. The JSE ALSI has returned 7.8% in dollar terms, so balancing in-between the two numbers. In the UK, the Office for National Statistics released their 2016 GDP fourth…

News flash Pravin-Gordhan

News Flash – 21 February 2017

Global News: In 2017, the MSCI World Index is up 4.8% in dollar terms. The MSCI Emerging Market Index has gained 8.9% in dollar terms – this is its highest level since July 2015. The S&P500 Index has returned 5% in dollar terms in 2017 – this index has gained 12.8% since its low just…

News flash Brian-Molefe

News Flash – 1 February 2017

Global News: The global developed market MSCI World Index, has returned to its previous all-time high from May 2015. So far in 2017 the index has returned 3%, in US dollar terms, and it is up 22.8% from its low on 11 February last year. In the US, the MSCI USA Index is at an all-time…