It has been an eventful week to say the least, with Covid-19 was officially named a pandemic. Although taking precautions should be encouraged, panicking and making rash decisions should not. There is potential that the reaction to Covid-19 and the oil trade war could cause a global recession, markets had the worst day on record since the global…
Covid-19 concerns continue and the impact that it is having on global economies is coming to the fore. At the moment the most heavily impacted industries are supply chains, travel and airlines. Retail has also been impacted as people are shopping less and restricting activity in public spaces. Global News After it looked like stocks were on the…
The fear from investors that COVID-19 will have an impact on global supply chains and in turn, corporate profitability, has resulted in a stampede towards safe-haven assets. This has resulted in markets falling between 10% and 14% and some of the biggest drawdowns since the 2008 Financial Crisis. We, at Dynasty, do not know exactly how deep the reversal…
Moody’s has reduced South Africa’s growth forecast for 2020 to below one percent. This in itself does not bode well for the possibility of a downgrade by Moody’s at the end of March. Still, the budget speech will take place next week and this should bring South Africa’s prospects into sharper focus. Global News Roger…
Yesterday President Ramaphosa gave his State of the Nation Address (SONA) which received mixed reactions. It wasn’t that President Ramaphosa let us down on his orating skills, or in his vision of what South Africa could do for its populous and how it could be an international powerhouse. Many share his vision of this potential.…
The Senate voted to acquit President Trump to his great glee and to the Democrats’ disdain. The process is not over, and the Democrats are already talking of different avenues to take. If anything, it is displaying the pettiness of American, and in turn global, politics. Global News As was widely anticipated, President Trump will…
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…
