South Africa - Institutional
Press Releases
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Bond Outlook
01 July 2013 - Mark le RouxBonds continued to sell off during June, resulting in negative returns both for the month and for the quarter as a whole. The All Bond Index (ALBI) lost 1.5% in June and 2.3% over the quarter, while inflation-linked bonds (ILBs) were more negatively affected because of their high duration and lost 5.5% in June and 4.9% for the second quarter of 2013. Cash returned 0.4% in June and 1.3%...
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Stagflation intensifies
01 July 2013 - Chantal ValentineIt was a torrid quarter, both globally and in South Africa. The outcomes, in short, underlined the stagflationary environment facing South Africa. Local growth indicators, though not recessionary, continued to show a lacklustre growth background, and many forecasts (ours included) have been downgraded to well below 3% – some are even below 2% – for growth this year. However, there...
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Mining in South Africa
01 July 2013 - Neville ChesterResource mining around the world has always elicited much interest from governments, employees and populations in general. The concept of extracting wealth from sovereign territory has always led to vexing questions about how the wealth and proceeds are split between those that are prepared to invest the capital, those that do the dirty (and often dangerous) work and the people and...
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The canary in the coal mine
01 July 2013 - Charles de KockThe collapse of Lehman Brothers and capitalism’s so called near death experience in September 2008 heralded the start of an extraordinary period for monetary policy. In the US, the federal funds rate was cut from 2% to zero over the course of the next few meetings of the Federal Reserve Board. The zero interest rate policy was, however, not deemed to work well enough and was...
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Top Companies 2013
01 June 2013 - Stephen Cranston...
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Entrust your savings to well-managed corporations
29 May 2013 - Tony GibsonGlobal equity markets, as summarised by the MSCI world index, rose by a decisive 11.35% ( in dollars) in the first four months of this year...
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Listed property defying expectations
29 May 2013 - Warren DickThis anxiety would have come at a steep opportunity cost - the listed property market has delivered more than 35% in the year to end-April. As Keillen Ndlovu, portfolio manager at Stanlib, put it: "Yes, we have had a great run, but it's been justified." This is because the growth in income and distributions continues to meet or exceed expectations...
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Coronation delivers excellent results
14 May 2013 - Coronation InsightsUnderpinned by a substantial increase in assets under management and very strong investment performance. Assets under management at R409 billion Diluted headline earnings per share of 163.4 cents Interim dividend per share of 163 cents Leading independent, JSE-listed asset manager Coronation Fund Managers (Coronation) today announced an excellent set of results for the six months to...