When is the right time to buy our market for the recovery?
That's the question I bet everyone's been asking.
We all know how lucrative buying the bottom following the 2008 financial crisis was…
And every investor certainly wants a repeat of that performance.
Five penny stocks for crisis profits
• How to pocket u... ››› more
Since the South African reserve bank decided not to increase interest rates again, you have a brief moment of relief to make sure that you get your financial house in order before the next rate hike. Now is the time to be more frugal with your money. It's not the time to make more debt or increase your spending.
The challenges for consumers in 2016 are far from over. No one know if the reserve... ››› more
The past few weeks have been harrowing for the rand.
It's been taking a severe beating from the dollar in the past two weeks.
Worst of all, rumours about the arrest of Pravin Gordhan has certainly not been helping matters at all. But, finally, it seems to have found a moment of stability. How long this will last, I don't know.
But let's take a closer look...
The rand is battered by t... ››› more
South African interest rates are up 0.5% for the year.
This was the South African Reserve Bank's (SARB) reaction to growing inflation and a weakening rand.
And, looking, at what's going on internationally I expect South African interest rates to go up even more in 2016.
You see, the US Federal Reserve Bank signalled it was likely to increase interest rates at its next meeting on 15 Decemb... ››› more
Earlier this week, it was announced that Lesetja Kganyago is going to replace Gill Marcus, as the Governor of the South African Reserve Bank.
For the past three years, was one of Ms. Marcus deputy governor's. And so the country and myself, are thrilled for him to take over as the next leader of the SARB.
I believe by appointing Mr. Kganyago, it has helped restore confidence in the country.... ››› more
To find out what will be happening in the markets this week... Read below
Last week African Bank Limited, Abil, dominated the news with its lurch towards oblivion. The unsecured lender came out with a statement that it would need another capital injection and its CEO was being replaced. This prompted the market to pummel the stock by over 90% over 2 days. From its high this ... ››› more
Last week the SARB raised rates by 0,25%. There was no clear consensus before the decision with a little over half of all the economists surveyed predicting no change. I would like to point out that I called for a 0,25% hike in my last update. Despite the fact that the economy remains weak, the SARB's primary mandate remains price stability, in other words fighting inflation. Given the fact that i... ››› more
Last week was rather volatile as local and international news kept the market under pressure. On the local front, the NUMSA strike had its first full week. When the strike first started, I had expect it to be reasonably short as it seemed that a compromise increase of about 10% would be acceptable to both parties. However, as the week progressed, I have changed my view.
No end in sight
The... ››› more
The stock market started the week quite strongly, before encountering resistance near the end. The major story of the week here in SA was the Pinnacle debacle. For those who haven't heard about it yet, here is a brief summary before we look at what news events will rock the boat in the coming week…
Pinnacle’s shock announcement feels a little fishy to me
At the start of the month, one o... ››› more
The JSE ended last week on a down note even as the Dow hit a new all-time closing high. Statements from the South African Reserve Bank (SARB) were partly responsible for this. Today, we look at why as well as analyse what we expect to when GDP figures are announced later this week…
In the latest SARB announcement, Governor Gill Marcus highlighted the fact that SA’s inflation remains uncomfo... ››› more
It's been a rough ride on the stock market this week which wobbled at the start before consolidating near the end. And a lot of that has to do with the globe's two biggest economies: America and China. Let me explain…
Earlier this week, China concluded the Third Plenum of its current administration without any concrete announcement. The Communist Party released a statement saying that it has ... ››› more
Last week was a volatile one for the global markets with significant moves, both up and down. However, there was little overall direction in the market, despite interesting releases out of China, most notably the HSBC China PMI. Here's what happened and what you can expect from next week's economic data…
Last week's HSBC China PMI figure came in lower than expected.
This reinforced ... ››› more
Stock markets came under immense pressure over the past few weeks as a result of uncertainty surrounding the US Fed's QE policies. Chairman Bernake's statement at the latest FOMC meeting did little to calm traders. In fact, it increased market fears by implying that should the FED's forecasts prove correct and the US economy continues to improve, we could expect QE3 to begin to be reduced by the e... ››› more
The South African Reserve Bank (SARB) is stuck between a rock and a hard place. Inflation is rearing its ugly head, but all SARB can do at the moment is sit back and watch. Read on to find out why…
Inflation is under pressure!
A weak rand is ravaging SARB’s target inflation range of 3% to 6%. Knock-on rising costs are going to bite, but the Reserve Bank is going to struggle coming up with... ››› more
The rand continued its rollercoaster ride last week and it's beginning to put some strain on the economy as a whole. Today we look at why and how it's going to effect inflation...
Though you may have been pleased to pay a little less at the petrol pump this month, after a 8c cut, at the current price levels for the rand and oil prices there’s a under-recovery of over 90c. If things remain a... ››› more
With illegal strikes and heightening wage demands continuing to dominate the headlines, the South African Reserve Bank's Monetary Policy Review released last night reflected these factors are worrying for our local economy's outlook. Read on to discover what SARB's review revealed and why you should be concerned…
The global economy has had it tough over the last few years since the market melt... ››› more
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