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BITCOIN: CUTTING THROUGH THE HYPE

For the past few years, bitcoin – the original cryptocurrency launched in 2009 – has been on a roller-coaster ride of note. After dipping below US$5 000 in March last year, bitcoin peaked at over US$46 000 a few days ago following a tweet by Elon Musk that his car firm Tesla had bought around US$1.5 billion worth of the digital currency. Its current market capitalisation is around US$840 billion. For many investors, what exactly bitcoin is and how it works remain an enigma – here’s what you need to know.

retail investors rocking the market

This week the UK death toll from Covid-19 exceeded 100,000. Boris Johnson said that he was “deeply sorry” for every death. Meanwhile AstraZeneca’s chief executive, Pascal Soriot, has insisted the UK will come first for vaccines as he rejected calls to divert doses to the European Union following a breakdown in supply. Rows are escalating over reduced supplies with whispers of vaccine protectionism on the horizon.

Are current equity valuations sustainable?

As the global pandemic continues to exert its stranglehold on the global economy, it seems absurd that equity and fixed-income markets are still finding new highs. We’re unlikely to be wealthier given the devastating economic impact of covid-19, so what is really going on, and how will it impact investors?

Joe Biden unveils $1.9 trillion Coronavirus relief proposal

President-elect Joe Biden has unveiled a $1.9tn Coronavirus relief proposal, aimed at urgently combating the economic crisis which the pandemic has triggered. As the US faces its deadliest stage in its fight against the virus, Biden described the moment as “a crisis of deep human suffering”. If adopted, the proposal would tack on $1,400 to the $600 in direct payments for individuals that Congress approved recently.

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    COMMENTARY

    We bring you current commentaries to unpack areas of interest in the financial sector.

    Investment overview by Alwyn van der Merwe, Director of Investments (Feb 2019)
    Monthly commentary on Sanlam Global High Quality Fund- June 2018
    Group CEO Ian Kirk discusses 2017 Annual Results highlights

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