• Monthly Archives

    January 2019

    mixed

    Mixed start to the year

    By | The Market

    We are 20 days into the new year and we have mixed results out in the market. There are already some stocks down double digits, notably Mr Price and Woolies. On the other hand we see a stronger rand, 4% up against the $. The S&P500 in the USA is flying at +5% and even the UK market is positive, notwithstanding the rejection of Theresa May’s Brexit plan and her surviving a vote of no confidence. Read More

    2019

    Welcome to 2019

    By | The Market

    We had great expectations for 2018 but things went wrong and we ended the year 12% down on the JSE All Share Index. The rand weakened by 15% against the US$ to end the year on R14,42/$, which helped our international investments but after a good year the US markets also collapsed in November and December dragging the S&P500 down to end the year 7% lower. Read More