Investment Review – September 2022

Market Indicators

  • JSE All Share (ALSI) 63,726.3708
  • Rand/Euro R 17.66
  • Rand/Pound R 20.11
  • Rand/US Dollar R 18.07
  • Rand/Aus Dollar R 11.63

No Shades of Grey

It is highly likely that South Africa will be “grey listed” by the Financial Action Task Force (FATF) in February next year. In short, there are broad concerns around South Africa’s ability to effectively deal with money laundering and terrorist financing.

In this month’s commentary, we explore the detail of what has brought us to this point, what is being done to try to avoid being grey listed along with the impacts on individuals, the economy, and the currency if the grey listing does eventuate.

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The Allan Gray-Orbis Global Equity Feeder Fund remains fully invested in global equities. The objective of the Fund is to outperform the FTSE World Index at no greater-than average risk of loss in its sector.