Disease and downgrades

Disease and downgrades

Moody’s finally dropped the sword on South Africa on Friday evening, following in the steps of fellow ratings agencies S&P and Fitch in downgrading the country’s sovereign credit rating to sub-investment grade or “junk status”. And the COVID-19 crisis and current...
COVID-19 economic and market shocks

COVID-19 economic and market shocks

The economic impact of actions taken to moderate the spread of COVID-19 remains uncertain. There is evidence that efforts to #FlattenTheCurve are helping reduce the incidence and impact of the virus. However, the economic and business effects are material, and there...
An investment cure for coronavirus

An investment cure for coronavirus

Markets are walking on eggshells as the outbreak of coronavirus disease (COVID-19), first reported from Wuhan, China in late December 2019, is wreaking economic havoc. Data from the world’s second largest economy shows a plunge in business activity in the last month,...
Three ways we destroy wealth

Three ways we destroy wealth

Even with the best of intentions, when it comes to building long-term wealth, it is all too easy to fall prey to common financial mistakes which could cost you thousands, and even hundreds of thousands of rands in the long run. After all, there is a reason that these...
Budget 2020: where to from here?

Budget 2020: where to from here?

South Africa’s stock market underperformed compared with its emerging-market peers in 2019, as the FTSE/JSE All Share delivered 12% compared to the MSCI Emerging Markets Index’s 15% gain. With the local economy teetering on the brink of recession, tax collection...
TFSAs: apples and oranges

TFSAs: apples and oranges

It’s that time of the year again when the finance media encourages you to maximise your annual R33,000 contribution to your tax-free savings account (TFSA) before the tax year-end deadline on 29 February 2020. Bear in mind, however, that what you’re invested in is as...