January 2020 Overall, yields are uninspiring across the African markets considered, with only Nigeria and Mauritius showing positive real returns over the month. Over 5 years after factoring in currency depreciation, all the countries considered have underperformed the emerging market index (which is already mediocre). The South African Reserve Bank Read more…
December 2019 Most of the emerging markets have shown improved performance in recent months with the exception of Zambia and Nigeria. However, over the longer-term (5 years) returns have generally remained poor with all markets considered yielding negative real returns. Click more to view the full Dashboard. View Full Dashboard Read more…
November 2019 The volatility in the South African equity market persists with a 1.9% decline this month following some recovery in the previous month. This is also reflected in the JSE volatility index, which increased by 6.6% in the last month. Overall, real yields are uninspiring across all the African Read more…
Ocotber 2019 The South African, Kenyan and Mauritian markets showed some recovery in the last month. However, longer term (over 5 years) all markets performed poorly particularly when considering real returns (in excess of inflation). Click more to view the full Dashboard. View Full Dashboard October 2019
September 2019 The African markets considered continues to show poor local currency denominated returns in nominal and real terms. Over the longer term (5-years), the poor experience persists across the markets considered in real local currency terms. The relatively high Inflation in Nigeria, Ghana and Zambia has further depressed the Read more…
August 2019 All African markets considered experienced flat or negative real returns over the last month in local currency terms. Over the longer term (5 years), the poor experience persists across the markets considered in real local currency terms. Click more to view the full Dashboard. View Full Dashboard August Read more…
We have attached a white paper discussing some recent research by the QED team. Recently, more insurance applications of machine and deep learning models have emerged, with potential benefits of more accurate pricing and reserving. The attached white paper considers the model risks posed by machine learning and deep learning Read more…
July 2019 The JSE performance continues to be uninspiring with negative nominal returns over the short term. Over 5 years all the markets considered have produced flat or negative nominal returns. The JSE has performed the best in local terms but still only 2% (against inflation of 4.9%). Click more Read more…
June 2019 The JSE showed some signs of recovery over the last month, ending the quarter off with marginally positive real returns. All other African markets considered experienced negative real returns over the last quarter in local currency terms, with Kenya and Zambia the hardest hit at -10.2% and -21.2%, Read more…
May 2019 The JSE performance continues to be uninspiring – over the longer term and recently – with negative returns over the short term. With the exception of Ghana and Nigeria , all other African markets considered experienced negative real returns over the last month in local currency terms. Click Read more…