April 2020 The JSE has had a good month’s performance but still haven’t recovered from losses earlier in the year. The downgrade by FitchRatings from BB+ to BB seems to have largely been priced in. The repo rate was cut Read more…
QED’s joint report with Eckler has been updated using data as of 3 May. The report includes data on testing statistics from around the world, as well as age-specific infection and mortality rates. Our African clients are referred also to Read more…
March 2020 The JSE has had a torrid time in the last few months. This was fuelled by the general market downturn across all markets as a result of COVID-19 as well as the rand weakness. The recent Moody’s downgrade Read more…
South African markets have been hit by a double whammy of exceptional market volatility linked to the COVID-19 outbreak, as well as the downgrade of the SA sovereign rating to junk status by Moody’s on 27 March 2020. Click more Read more…
February 2020 Overall, real yields are uninspiring across all the African markets considered. The downward trend is likely to continue until the full implications of COVID-19 come to light. With the rand seen as a proxy for its emerging-market peers, Read more…
IFRS 17 Senior Actuarial Consultant Johannesburg Office QED is expanding its IFRS 17 team, and we are offering a role for a qualified life actuary who has strong technical abilities and valuation experience across all main types of life products. Read more…
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 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. 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 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 Read more…