Global
Economic growth around the globe is likely to be lower than was anticipated at the start of the year. Combined with the war in Ukraine, strict COVID-19 lockdowns in China, higher inflation for longer, and steeper than expected interest rate increases, it has had a significant negative impact on the expected earnings for companies which has been reflected in recent share price movements. Read more
South Africa
The South African Reserve Bank’s Monetary Policy Committee (MPC) decided to increase the repurchase rate by 0.5%, taking it to 4.75%. Read more
Market Performance
Markets around the world remained volatile as investors tried to navigate inflation, interest rates, supply shocks and geo political turmoil in Europe. The MSCI World index, a bellweather for global developed market equities, was well down mid month but ended May up a meagre 0.2%(in US Dollars). Emerging markets fared slightly better adding 0.5% for the month, while the South African All Share Index lost 0.4% in local currency terms These movements may seem slight, but they hide the significant mid month market movements that we saw around the globe Read more