Investment

On April 29, 2020, S&P Global Ratings lowered its long-term foreign-currency sovereign credit rating on the Republic of South Africa to ‘BB-‘ from ‘BB’ and affirmed the ‘B’ short-term foreign-currency

Global economic activity is being frozen to stem the coronavirus pandemic. Yet implications for asset prices will depend on the cumulative impact of the growth shortfall over time. We believe that policy actions

no matter how sure or confident you may be, never go all-in on a single share or company. There is always the risk or chance of some crazy outlier appearing, and financial markets are simply no place for gambling.

Metrics indicate that we are approaching peak infections and peak death rates in some of the largest economies in the world and we have seen a bit of a relief rally in global equity markets

Our Head of Equities Stephen Dover gives his take on the recent single-day collapse in oil futures contracts, and what he thinks it means for oil prices, as well as producers and consumers.

The downgrade followed a sharp increase in bond yields in emerging markets and South Africa, as markets discounted the effect of the world’s inability to contain the spread of COVID-19 resulting