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Market Commentary: March 2018

Here are this month’s highlights: March was a particularly volatile month for global equities, as politics, tech and trade concerns weighed on investor sentiment. Monetary policy developments were mainly as expected, including decisions by the South African Reserve...

Housing shortage an opportunity for high investment yields

Investment is needed in the affordable housing sector. Historically, growth in this sector has been hampered by perceptions of high risk and as a result, undervalued investments. If investors take the time to do their due diligence they could find South Africa’s...

Navigating Naspers in retirement portfolios

South African asset managers are divided on the merits of including Naspers in retirement scheme portfolios; and though for most the answer is ‘yes’, there is division on the level of exposure, ultimately leaving trustees with the burden of making this complex...

Market Commentary: February 2018

Here are this month’s highlights: Developed and Emerging market equities, in a particularly volatile month, closed mostly lower. Investors were unsettled by prospects that the Federal Reserve may hike interest rates at a faster than expected pace, and talk of...

Market Commentary: January 2018

Global Risk Assets had a strong start to 2018: Developed markets were boosted by macroeconomic data and upbeat corporate earnings. A commodity boom  –  as oil prices topped USD70 per barrel for the first time in three years and precious and industrial metals shone –...

Navigating Naspers

 RisCura’s Education Series for Institutional Investors   Many institutional investors feel uncertain given their large exposure to Naspers. Not only does it create single-share risk, it also exposes them to Global Technology, which may be currently overvalued, and to...

Complex pension trends are leaving retirees cash-strapped

Two new analyses recently showed that South African retirees invested in living annuities risk running out of money, with many already living on half the income they enjoyed just six years ago.  This heartbreaking situation will be exacerbated by the fact that local...

Market Commentary: December 2017

Global Risk Assets ended the year on a high note: Emerging Markets saw their best returns since 2009, while US equities consolidate their excellent year-to-date performance. Resurgent oil prices and the energy sector led overall sectoral gains. Macro-economic and...

Will gas transform Africa?

In recent years, major discoveries of gas reserves by several African nations seemed to herald an era of cheap electricity, and the prospect of an additional export product to boost foreign currency income. Currently the picture is very different having been stalled...

Market Commentary: November 2017

Here are this month’s highlights: Cash still well-ahead of inflation, SA Bonds continue to fall, while SA Property sustains its uptick from October. Looking ahead, the ANC’s elective conference will grab the headlines in December, and the importance of transparent and...

SMEs provide opportunity for Africa to grow its debt market

Investments into private firms in Africa are funded by a relatively low proportion of debt compared to equity, especially in contrast to developed markets, where debt is more readily available and affordable. This is according to RisCura’s latest private equity update...