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 then, was that it was as good as 2020 was likely to get. Can you imagine if someone had told us in January that the JSE would have its worst quarter (down 21.4%) since Bloomberg started measuring (1995), that SA GDP growth would plunge between 3-7% this year, that the Rand would almost hit R20/$, and that we would likely be off to the World Bank for monetary help by Easter? Read More