Dashboard: 31 January 2022
The South African Reserve Bank (SARB) has increased the repo rate by a further 25 bps following a 25 bps increase in November 2021. South African inflation ended last year at the higher end of the SARB’s target range of 3 -6%. The subsequent rate hikes are an effort to return inflation to the mid-point of the target range.

Dashboard: 31 December 2021
The JSE ended the year strong with a real return of 18.8% p.a. in local currency terms. The Zambian, Ghanaian and Mauritian performed even better, returning 39.4%, 32.6% and 20.5% respectively, in real local currency terms. The Nigerian market ended the year disappointingly with a negative real yield of 7.5% in local currency terms.

Dashboard: 30 November 2021
The South African reserve bank has increased the repo rate by 25 basis points to 3.75% p.a. over the last month whilst the JSE ended the month at a record high, posting real returns of 4.8% over the month.

Dashboard: 30 October 2021
Despite some volatility amongst the African markets considered, overall returns have been inspiring over the 12 months.