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…
The three big stories of the week have been that: China and the US seem to be on their way to the first phase of trade agreements to mitigate the trade war; President Trump’s impeachment enquiry is heating up; and President Ramaphosa is focusing on gaining investment for South Africa. Global News China and the…
This week Finance Minister Tito Mboweni gave his Medium-Term Budget Policy Statement (MTBPS) and painted a gloomy picture. Debt has ballooned, and the country is no better off, unemployment is at record highs, and Eskom is without a credible plan. Global News Democrats took the next step in the impeachment process of President Trump. The US House…
The step change in the Government fiscal numbers depicted in the Budget in Feb 2019 compared with those released in the MTBPS in Oct 2019 – only 6 months later – cannot be ignored Obviously the Moody’s credit rating announcement scheduled for tonight is a primary concern for the financial markets and SA’s inclusion in…
So much has happened this week — maybe it is the last surge of fervour before the lull of the end of the year: the DA has had a week horribilis that will hopefully precede much-needed introspection; Brexit has had its feathers severely ruffled once again, but is seemingly moving closer to a possible conclusion; and…
