Our views

The Macro Chart Book : March 2019

2019-03-29 | by Krishna Sathee, Ruen Naidu, Hope Sono, Janine Pein

Central banks’ dovish stance boosts asset prices, while local bonds should benefit from low global yields
Central banks globally have turned dovish. This supports financial conditions, which, in turn, boosts asset prices. With global bond yields falling, investors will start looking for higher-yielding assets.

Equities Quarterly - Q1 2019

2019-03-29 | by Junaid Bray

The Macro Chart Book : February 2019

2019-02-01 | by Krishna Sathee, Ruen Naidu, Hope Sono, Janine Pein

The South African budget speech delivered on 20 February was the toughest in years. However, despite the deterioration in fiscal metrics, markets rallied shortly after the budget speech. Eskom’s bailout from government will be phased in over a number of years, thereby improving the entity’s financial position.

The Macro Chart Book: January 2019

2019-01-31 | by Krishna Sathee, Ruan Naidu, Shiluva Sono and Janine Pein