May 2021 The JSE continues to grow steadily in nominal terms, all be it at a significantly slower pace than earlier in the year. Inflation rates are continuing their upward trend across all markets considered and the Rand ended firmer against all currencies considered. Click more to view the full Read more…
April 2021 Following a promising start to the year (with a Q1 real return of 10.9%), the JSE growth has subdued over the last month. Inflation rates are continuing their upward trend across all markets considered and the Rand strengthened against all currencies considered over the past month with the Read more…
March 2021 The JSE remained largely flat over the month but performed better over the quarter generating real returns of 10.9% p.a. in local currency terms. Local equities outperformed the bond market over the quarter generating an excess return above bonds of 13.7% p.a. in an environment where the repo Read more…
February 2021 The JSE ended the month at a record high posting real returns of 5.5%.Bond returns have delivered better in the longer term (i.e., 5-years) generating an excess return above equities of 3.79% p.a. and Inflation rates are ticking up across all countries considered. Click more to view the Read more…
January 2021 The JSE ended the month firmer posting real returns of 5% p.a. in local currency terms. The shape of the yield curve changed significantly over the year, giving lower interest rates at the short – end and higher rates at the longer – end. The Rand weakened against Read more…
December 2020 The South African equity market rebounded with positive real – returns from COVID-19 losses experienced in the first quarter of 2020. The Rand ended the year stronger, gaining against all currencies considered over the final quarter of 2020 and the local inflation has come in markedly lower than Read more…
November 2020 With the exception of Zambia and Ghana, all other African Markets considered experienced positive real returns over the last month in local currency terms. The world and the emerging market indices show an uptick over the month likely due to an optimism of a coronavirus vaccine and signs Read more…
October 2020 The JSE has initially recovered from lows in March but performed poorly over the quarter. The South African bond market continues to outperform the equity market at all durations considered. The Rand strengthened against all currencies considered in recent months. Click more to view the full Dashboard. View Read more…
September 2020 The South African bond market is outperforming the JSE at all durations considered over a period where no Repo Rate movements were reported by the Treasury. All African markets considered (including the JSE) performed poorly over the last quarter, with only Nigeria posting a notable uptick in returns Read more…
August 2020 The performance of the JSE remains relatively flat over the longer term and is negative if one allows for inflation and currency depreciation. Headline inflation is starting to increase for most countries considered. The Rand strengthened against most currencies considered over the past month except the British Pound, Read more…