Corospondent - April 2025
Competitive advantage

The autumn edition of Corospondent includes several deep insights about the nature, effects, and consequences of US trade tariffs, along with a fascinating long-form article on China’s whole-of-nation driven technology ecosystem. From an investment perspective, the SA investment team finds that PSG is a high-quality stock with excellent long-term potential. And, for those of you who manage your own portfolio, we have included a checklist to help you navigate the prevailing market turbulence.

The summer edition of Corospondent provides insight into the global operating environment and a deep dive into the potential consequences of inflation targeting. From an investment perspective, our South Africa team finds great potential in Dis-Chem, while our developed markets investors find ongoing upside in the US wealth management sector. A must-read for anyone approaching retirement is our case study of the differences between guaranteed and living annuities.

The latest edition of Corospondent discusses the impacts of the Government of National Unity and declining interest rates on the South African economy and markets, the revival of the Chinese economy and investor interest in Africa, and insights into Quilter, an attractive stock in our portfolios. We also caution investors against accessing retirement income early under the new two-pot system and provide insights into the investment activities regarding a selection of our leading funds.

The winter edition of Corospondent is a bumper edition. Offering deep analyses of the political economy, SA’s water and freight infrastructure crises, and insights into select global investment ideas. And very importantly, we address the end goal of all investing, buying your retirement income, where we caution retiring investors to be very mindful of inflation risk when making this choice.

The Autumn edition of Corospondent offers insight into several diverse and important topics. Our lead article examines the merits and pitfalls of the upcoming two-pot retirement system, while our investment professionals discuss the markets and the benefits of a fiscal anchor, the nature of a good company director, and the investment cases for GEM and SA’s latest listing.

The summer edition of Corospondent offers in-depth views on the South African economy and outlook for 2024, looks at how economic stress impacts asset class performance, and showcases some investment ideas that are contributing positively to our clients’ portfolios.

The 2023 spring edition of Corospondent examines one of the most pressing issues of the day – the green energy transition. We also discuss PGMs, and take stock of the SA economy and outlook for bonds. For investors who want to preserve and protect their savings, we unpack fixed income investing.

In the winter edition of Corospondent, we focus on developments in the offshore funds market and review the global inflation outlook and its implications for appropriate investment portfolios for retirees, as well as its impact on the local economic outlook. Members of our investment team discuss the outlook for SA gold shares and cross-border ecommerce disruptors, which are gaining traction across developed markets.

The autumn edition of Corospondent will inspire readers with itchy feet to book their next trip. After all, it’s easier than ever to travel. This is especially so if you contemplate a winter of stage 6 loadshedding, which we examine from SA Inc’s viewpoint. The biggest outlier event of 2023 (so far) has been the bank failures, which is discussed at length, as are the impacts of inflation and interest rates.

The summer edition of Corospondent offers in-depth views on the polycrisis and inflation, and what is likely to be in store for SA this year. We also examine attractive opportunities offered by SA Inc. and travel eastwards to look at emerging market index newbie, Saudi Arabia.

The spring edition of Corospondent has something for every reader, with expert views on share buybacks, Eskom, listed infrastructure, perfect foresight and global policy challenges.

In the winter edition of Corospondent, we take a deep dive into the impact of rising inflation and policy rates; we also discuss opportunities we have found for our clients’ portfolios.

In the latest edition of Corospondent, we examine impact of the invasion of Ukraine and escalating inflation on the global economy.

In the latest edition of Corospondent, we count the cost of quantitative easing and its imminent tapering.

What are the implications for investors?

SA policy reform is in play, but needs more impetus.

Can markets continue to rise above prevailing headwinds?

Conditions for recovery.

Debt trap continues to beckon.

The rubber and the road.

Covid-19 has impacted global economies and markets

Events that will shape 2020 and beyond.

The US 10-year Treasury bond is raising eyebrows.

Geopolitical feathers are flying.

A quarterly communication on the markets, economy and topical industry-related issues.

A quarterly communication on the markets, economy and topical industry-related issues.

A quarterly communication on the markets, economy and topical industry-related issues.

Gearing up for battle.

A quarterly communication on the markets, economy and topical industry-related issues.

A quarterly communication on the markets, economy and topical industry-related issues.

A quarterly communication on the markets, economy and topical industry-related issues.

A quarterly communication on the markets, economy and topical industry-related issues.

A quarterly communication on the markets, economy and topical industry-related issues.

A quarterly communication on the markets, economy and topical industry-related issues.

A quarterly communication on the markets, economy and topical industry-related issues.

A quarterly communication on the markets, economy and topical industry-related issues.