The prodigal son’s return may usher in a new era for the retailer, which has languished under the Ackerman family’s control
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Inflation fears should have inspired a run on gold, but the asset may have lost its relevance
Large corporates have thrived during the pandemic to the detriment of the workforce
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Critics have said the repo rate hike will jeopardise already sluggish economic growth, but others say the gradual increase will have little effect
The private sector, labour and government have been thrashing out ways to increase vaccinations and to restart the economy
The firm believes the second-hand vehicle business will thrive in a post-Covid world
Three members of the South African Reserve Bank’s Monetary Policy Committee(MPC) have decided to keep rates unchanged at 3.5%
South Africa was well-placed for the 2008 crisis. But R3.18-trillion debt and low growth hamper its ability to limit the economic effects of Covid-19
Company earnings on the local market are very strong at the moment, but probably have already reached their peak in percentage gains terms. The local banking shares are a prime example. These shares may fall further in the short term, but they truly represent absolute value at the current level.
With the R153 at current levels of 8,51%, local bonds are no longer expensive but have not yet entered buying territory. While inflation is under control, it will rise over the next year, especially given the recent rand weakness. The current long bond yield is still too low and should rise by at least another 0,5%, in order to reach a buying level.