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.
Forced onto the backfoot by poor ping and overseas servers, African gamers are getting creative in an attempt to play one of the biggest competitive games. In the second instalment of our gaming corner, we chat to some of the innovators