Articles about
Emerging markets

“Invest for the long haul. Don’t get too greedy and don’t get too scared.” – Shelby M.C. Davis

The way in which financial markets respond to US rate expectations is important

“The storm only comes to teach you how to skillfully sail your ship.” – Matshona Dhliwayo, author and philosopher

“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

"Speculation … allows you to put your emotions first, whereas investment gets emotions out of the picture.” – John C. Bogle

Tighter financial conditions are the greatest near-term threat to global growth

But South African bonds still offer a bulwark against global policy normalisation

But overcoming deeply rooted economic problems remains challenging

But after riding the wave of optimism, we are now cautious of South African bonds at current levels

Promising long-term growth seen in emerging equity markets

A weighty issue?

Despite new vehicle technology, global car sales still drive demand

China’s competitive education system drives strong growth

Earning its stripes

Vulnerabilities increase the risk of longer-term damage

Let us not waste another crisis

The economic cost of rent seeking

But depressed growth and further Eskom support weigh heavily on government

Shifting growth dynamics and inflation uncertainty


“We demand rigidly defined areas of doubt and uncertainty!” – Douglas Adams, The Hitchhiker’s Guide to the Galaxy

Post-pandemic recovery in the balance of vaccines and a return of confidence

“Battles are never the end of the war” – former US President James Garfield

Reflecting on a tough year

While we are cognisant of the risks, we believe a handful of carefully chosen businesses in China currently offer compelling returns for long-term investors.