The November 2018 edition of Fundamentals, our monthly thought leadership newsletter, is now available. Download The Full Publication
: Fundamentals November 2018
(PDF | 1.5 MB)
In this month's edition:
THE ELEPHANTS IN THE ROOM - QUESTIONS YOU SHOULD BE ASKING - JONATHAN LARCOMBE
Just seven stocks make up 50% of our market. Getting these big calls right will have an important impact on the relative performance of client portfolios.
Download: The elephants in the room - questions you should be asking
(PDF | 1.2 MB)
MARKET VOLATILITY: THE WHY AND THE WHERE TO NEXT - GRAHAM TUCKER
While many reasons for the recent downturn are being touted, we believe the root cause is the withdrawal of liquidity.
Download: Market volatility: The why and the where to next
(PDF | 421 KB)
BUDGET DEFICIT RISKS PUSHING SA BORROWING COSTS HIGHER - FUTUREGROWTH INTEREST RATE TEAM
The funding requirements needed to finance the country’s growing debt burden will put upward pressure on bond yields.
Download: Budget deficit risks pushing SA borrowing costs higher (PDF | 854 KB)
LAND REFORM, POLITICS AND YOUR INVESTMENTS - RIAN LE ROUX AND PETER BROOKE
Signs from Government point to a meaningful and pragmatic land reform process, but the problem lies with the implementation and market reactions.
Download: Land reform, politics and your investments (PDF | 655 KB)