Market Commentary: April 2019

Here are this month’s highlights: Global equity markets put in a strong showing in April. Concerns around global growth ebbed, as key players including China and the US registered stronger-than-expected GDP growth rates for the first quarter. The still-dovish tone of...

Closing Africa’s Infrastructure Gap

Never before has the need for infrastructure felt so immediate and acute. This became apparent to me as I travelled to Nairobi, Lagos, Lusaka and Gaborone during the first three months of this year.A commonality I saw across all these African cities — the yellow metal...

Private Equity in Africa: The Myth of the Weak Exit Environment

Africa’s steady rise continues to attract a growing number of private equity (PE) investors who believe that African markets offer an exciting growth and investment opportunity. Some of the key drivers underpinning this growing perception among investors include...

Does investing for a better South Africa require prescription?

Forcing retirement funds to invest in certain prescribed assets is likely to have unintended consequences.  It’s likely to worsen the already fragile confidence in the economy. It’s also likely to fuel policy uncertainty in areas such as property rights. These views...

The rise of China’s A-shares: Seminar

MSCI included Chinese mainland shares in its indices for the first time in 2018, amid growing interest from global investors and deregulation of the Chinese mainland stock markets to allow direct foreign investment. China’s mainland stock markets in Shanghai and...

Market Commentary: March 2019

Here are this month’s highlights: Global equities closed the first quarter firmly higher, with Developed Markets and the US leading the charge. Investor sentiment was buoyed by the dovish tone of Central Banks, and the implication interest rates would remain lower for...

Impact Investing

Much is being written about the purported negative effects of prescribed assets on South African retirement funds. The ANC’s 2019 election manifesto hints at the introduction of prescribed assets that is, at its core, a call for allocating assets to impact investment...

Hedge Funds did better than equities last year – but so what?

Hedge funds have been getting a bad rap in recent years due to poor performance coupled with high fees. While both 2016 and 2017 were pedestrian years for hedge funds, stronger numbers came through in 2018. The broader South African equity market was down in 2018 by...

Market Commentary: February 2019

Here are this month’s highlights: Global markets were largely upbeat in February, as there appeared to be progress in US-Sino relationships, even as those with North Korea worsened. Earnings results boosted sentiment, and the Federal Reserve’s newly dovish  tone...

Delegated investment service puts retirement fund members first

Head of Operations, David Potgieter, discusses why a delegated investment service is a worthy option for trustees to consider. When the Financial Sector Conduct Authority announced that it wants the number of standalone pension funds to shrink dramatically by March...

Default regulations come into effect 1 March

RisCura’s head of investment advisory and administration, Petri Greeff, discusses why the new amendments to the Pension Fund Act – default regulations – that come into effect on 1 March 2019 are important for the retirement fund industry. On 1 March 2019, the South...