Posts by adminsam

Like many developing countries, the South African government relies on funding to build and maintain the infrastructure of the country. To enjoy continued access to loans (in the form of government bonds) at affordable interest rates, it’s important that we keep our credit rating healthy.

After weeks of falling asset prices, markets have started to recognise the value in beaten down stocks. Volatility has declined whilst both equity and bond markets have stabilised slightly.

The world has been coming to terms with the implications of the coronavirus for some weeks now, but it was only towards the end of last month that we experienced the level of volatility we would expect in equity markets given a crisis of this scale.

In the wake of last Monday’s mass movement in global markets, prices have continued to plummet in response to the further announcement of Coronavirus-related news.

Congratulations to Pieter Fourie, Head of Global Equities, for picking up an FE fundinfo Alpha Manager rating for a second year in a row.

This time last year it was hard to escape the prospect of a global recession. Twelve months later and we are looking forward to a recovery in global economic growth, thanks to progress in finding a US-China trade compromise, and the likelihood that President Trump will be economically supportive leading up to the presidential election in November.

Having spent much of 2019 worrying about the very real possibility of a global recession, investors are heading into the holiday period feeling slightly more relaxed about the outlook for next year. Interest rate cuts by the Federal Reserve, and an easing of monetary policy around the world, appear to have seen off a full-blown recession in favour of a more palatable slowdown in growth.

An investor’s journey has always been one of facing the unknown in the quest for sufficient reward in return for taking on risk – primarily defined as uncertainty. And increasingly, clarity about the future is becoming rare. As we prepare to enter the next decade we turn to trends that are already visible to understand where our ultimate direction and focus should lie.

In the midst of what has been an extraordinary period of market volatility, please see below a video update from our Chief Investment Officer, Phil Smeaton, in which he discusses what has happened in global investment markets of late, what it means for us as investors and why now is a bad time to panic.

Sanlam, SAHAM’s partner since February 2016, will increase its stake in the capital of SAHAM Group’s insurance subsidiary, from 46.6% to 100%, according to the terms of an agreement reached on March 7th, 2018.

Read more on www.businesswire.com