Opinion: Counting the economic cost of South Africa’s lockdown

There are two important questions when it comes to assessing the government’s COVID-19 lockdown strategy: How many COVID-19 fatalities can be avoided through the lockdown? And What is the economic, and therefore human, cost of the lockdown? Andrew Lapping, chief...

Lockdown Reflections

As we enter the seventh new week of lockdown we realise that the move to Level 4 will not change much on a day-to-day basis. Level 4, for most of us looks remarkably similar to level 5, except for a specified curfew from 20h00 to 05h00 and the 6 to 9am lifting of the...

Finance Minister Tito Mboweni’s budget speech

Finance Minister Tito Mboweni delivered the budget speech on Wednesday the 26th of February 2020.  Given everything that has transpired since then, it certainly feels like a lifetime ago.  However, we are already in the second month of the 2021 tax year. As a recap,...

Impact on client portfolios

Investors and market participants should be aware of the Coronavirus and the equity market declines which have occurred during February on the back of concerns around its likely effect on future economic performance and company profits. During market drawdowns such as...

The new abnormal

By Jeremy Gardiner from Ninety One 2020 didn’t start well. January saw load shedding back, our growth forecast downgraded to 0.5%, our President under pressure, and business confidence at 35-year lows. Nobody was expecting a great 2020, but what we didn’t realise...