It gives us great pleasure to announce that the Absa Asset Management team once again dazzled at the 2019 edition of the Morningstar Fund Awards recently held in Cape Town.
The South African (SA) Gross Domestic Product (GDP) numbers for Q4 of 2018 indicated that the country grew by 1.4% Quarter on Quarter (QoQ), 1.1% Year-on-year (YoY) bringing the GDP growth for 2018 to 0.8%.
Until South Africa gets its house in order from a sustainable economic growth perspective, every National Budget Speech will be of immense importance. Minister Tito Mboweni wasted no time this afternoon in highlighting (yet again) the undesirable state of the domestic economy and how that continues to weigh negatively on the Fiscus.
The South African Reserve Bank (SARB) Monetary Policy Committee (MPC) in line with the Absa research team and 26 other economists kept rates on hold in their January 2019 meeting.
Investing in Africa funds heavily lends itself to people who understand what the offering can add to a portfolio. It is also well suited to those still trying to understand the world of investing but willing to start small and build on their knowledge and investments.