A weekend of load shedding and lockdown laws, makes for a very gloomy Monday! But we’re not here to dwell on that, so let’s start your week with some good news:
- Since the ALSI’s lows in March, the market had rallied 45%, and YtD is down only 1.2%.
- The rand also continued to strengthen as the risk-on environment continues; this morning it is trading at R16.72/USD.
- The Maldives is reopening to travel, so we can all dream
The latest market commentary published 13th July 2020 can be found here –
Ninety One (formerly known as Investec Asset Management), have also published a series of highly informative webinars that we believe will be of great interest to our clients, especially at this point in time. We would encourage you to take a look at these if you have time available.
| What can SA Investors expect? Peter Kent · Navigating uncertain waters: Clyde Rossouw · What next for our economy? Peter Kent & Nazmeera Moola A new age for global markets? Philip Saunders |
If you have any questions about the content of this commentary, the webinars or your investment portfolio please do not hesitate to contact us and we will be pleased to assist you.