South Africa - Institutional
Articles about
Inflation
"The Fed’s actions reverberate across every corner of the global financial system."— Ben Bernanke, Former Chairman of the Federal Reserve
It always seems impossible until it’s done.” – former President of South Africa, Mr Nelson Rolihlahla Mandela
“Nothing is more obstinate than a fashionable consensus. ” - Margaret Thatcher, British Prime Minister, 1979 - 1990
Global bond rout puts local bonds under pressure amidst a deteriorating fundamental backdrop.
Mapping the way forward.
The same, but on steroids.
No margin for error
Our portfolio managers unpack the burning issues impacting the investment landscape today.
Hope must make way for action.
“When written in Chinese, the word ‘crisis’ is composed of two characters. One represents danger and the other represents opportunity.” – John F. Kennedy
SA bonds continue to hold their worth for investors
A challenging balance between inflation and growth.
At our recent Talking Investments with Coronation conference, our investment team gave their views on portfolio positioning and regulatory changes.
Central bank action has had a profound effect on risk sentiment, we take a look at how global bond markets have responded.
A look at rising inflation and interest rates and the tough decisions central banks need to make as remedy.
Taking money offshore may be popular, but, at present, South African opportunities are still more attractive.
While economic recovery challenges still abound, the likelihood of South Africa tumbling into a debt trap within the next five years has, thankfully, diminished.
“The president can't change the country on his own. But what can he do? He can give an example.” - Volodymyr Oleksandrovych Zelenskyy; President of Ukraine
But SAGBs might still fare better than expected
“We demand rigidly defined areas of doubt and uncertainty!” – Douglas Adams, The Hitchhiker’s Guide to the Galaxy
Passing breeze or real winds of change?
Shifting growth dynamics and inflation uncertainty
Cheap insurance at a time of heightened risk
“Your perception may not be my reality.” – Aporva Kala, author and philosopher
Inflation – it’s time to pay attention
Post-pandemic recovery in the balance of vaccines and a return of confidence
“When the world is running down, you make the best of what’s still around.” – Musician and actor, Gordon Sumner (aka Sting)
“If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.” – Economist John Maynard Keynes
A butterfly flaps its wings in Wuhan, China
South African government bonds remain attractive despite global shocks
Let us not waste another crisis
But depressed growth and further Eskom support weigh heavily on government
The price is right (or at least it feels that way)
“Invest for the long haul. Don’t get too greedy and don’t get too scared.” – Shelby M.C. Davis
The economic cost of rent seeking
"Speculation … allows you to put your emotions first, whereas investment gets emotions out of the picture.” – John C. Bogle
Government’s management of the power crisis will be telling of its broader capacity for reform
“The trouble is, you think you have time.” – Gautama Buddha
But after riding the wave of optimism, we are now cautious of South African bonds at current levels
South Africa’s prospects are looking better, but durable change needs vision and consensus
How worried should investors be?
Cyril Ramaphosa’s ANC needs to save South Africa from economic déjà vu
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