Market Indicators
- JSE All Share (ALSI) 59,408.68
- Rand/Euro R 17.91
- Rand/Pound R 20.01
- Rand/US Dollar R 14.64
- Rand/Aus Dollar R 11.29
Finding the road to recovery
Who would have thought that 2020 would be a strong year for investors? In the depths of the COVID panic the term ‘depression’ was bandied about by many, a reset of the financial system in its entirety. Sentiment in our country was at its lowest as businesses shut and jobs were lost, with our government scrambling to source funding to plug the necessary gaps. Yet here we sit, reflecting back on a year where investors have for the most part done very well. The beleaguered local investor with healthy inflation beating retirement fund returns; the global equity investor with returns in excess of 20% in US$ following a similar year prior; inflation near historical lows and a positive if somewhat cautious mood prevailing over global markets looking ahead?
In this month’s commentary we briefly recap on 2020 and look ahead at what a potential road to recovery might look like:
