Ecobank Transnational Incorporated (ETI), parent of the leading pan-African Ecobank Group, today opened the market at the London Stock Exchange (LSE) to celebrate the successful issuance of its US$400 million Senior Unsecured Eurobond on the London Stock Exchange main market.

Headline inflation dropped to 2.8% y/y in October 2024, driven by lower fuel and food prices. This marks the lowest level since June 2020, supporting prospects for a 25-basis point interest rate cut amid moderating inflationary pressures.

Investor confidence rebounded in Q3 2024, driving net inflows of R42.3 billion into South Africa's Collective Investment Schemes industry. Assets under management grew 4.3% to R3.80 trillion, supported by improved sentiment, favorable reforms, and strong equity performance despite investor caution.

Schroders' October market review highlights equity declines, Japan's standout performance, and fixed income retreat. Key themes include geopolitical uncertainties, shifting inflation dynamics, and sectoral impacts, while commodities, digital assets, and global economic trends offer nuanced insights into volatile market conditions.

Izak Odendaal, Investment Strategist at Old Mutual Wealth, reflects on the global and local economic impacts of the recent US election. He highlights key uncertainties, potential policy shifts, and their implications for South African markets, emphasising the importance of patience, diversification, and a focus on economic fundamentals in the coming years.

Johann Els, Chief Economist at Old Mutual Group, predicts that headline inflation, which stood at 3.8% in September, will drop sharply to around 3% and could potentially dip further to 2.9% or even 2.8%. This anticipated decrease represents a significant turning point, potentially marking the lowest inflation rate observed in the current cycle.