South Africa - Personal
Articles about
Emerging markets
Our first episode features the fascinating series of events that unfolded in Argentina, Lebanon and Venezuela respectively.
Mapping the way forward.
Suhail Suleman, joint-Head of Global Emerging Markets Research and Portfolio Manager, explains why investors shouldn't dismiss Saudi Arabia as just another petrostate. With its #Vision2030 firmly underway, the region has a lot to offer, from its recent EM growth to the rise of investment opportunities and the key businesses to look at for attractively priced entry points.
Moving away from being just another petrostate.
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.
"Long-term consistency trumps short-term intensity" – Bruce Lee, martial artist, actor, philosopher.
While 2021 was a strong year for investors, we still see opportunities for those who get started this year.
“We demand rigidly defined areas of doubt and uncertainty!” – Douglas Adams, The Hitchhiker’s Guide to the Galaxy
Improving local economic outlook
Shifting growth dynamics and inflation uncertainty
“In the past, censorship worked by blocking the flow of information. In the twenty-first century, censorship works by flooding people with irrelevant information. In ancient times having power meant having access to data. Today having power means knowing what to ignore.” – Yuval Noah Harari
Confidence in recovery gains momentum
But SAGBs are still an attractive investment
Promising long-term growth seen in emerging equity markets
“The storm only comes to teach you how to skillfully sail your ship.” – Matshona Dhliwayo, author and philosopher
Post-pandemic recovery in the balance of vaccines and a return of confidence
Bloated merchant acquirers face disruption in the Brazilian market spac
Vulnerabilities increase the risk of longer-term damage
A history of consistent alpha generation in local and global markets
“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
“Battles are never the end of the war” – former US President James Garfield
A butterfly flaps its wings in Wuhan, China
Let us not waste another crisis
But depressed growth and further Eskom support weigh heavily on government
A weighty issue?
The economic cost of rent seeking
“Invest for the long haul. Don’t get too greedy and don’t get too scared.” – Shelby M.C. Davis
"Speculation … allows you to put your emotions first, whereas investment gets emotions out of the picture.” – John C. Bogle
But South African bonds still offer a bulwark against global policy normalisation
But overcoming deeply rooted economic problems remains challenging
Reflecting on a tough year
“He who indulges in empty fears earns himself real fears. We should always allow some time to elapse, for time discloses the truth.“ – Lucius Annaeus Seneca
The way in which financial markets respond to US rate expectations is important
China’s competitive education system drives strong growth
Tighter financial conditions are the greatest near-term threat to global growth
Despite new vehicle technology, global car sales still drive demand
But after riding the wave of optimism, we are now cautious of South African bonds at current levels
Earning its stripes
Explore Investment Insights on the global economy, markets and topics related to our business.
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