Why savers are ditching the money market

SA’s notoriously risk-averse investors appear to have taken a bigger plunge into equity funds than usual as inflation begins to wreak havoc on returns in supposedly safe money-market funds.

According to data from the Association for Savings & Investment SA, R24bn of net flows landed in multi-asset funds in the year to end-March. If you exclude reinvestments the amount is closer to R11.6bn with the chunk of it landing in multi-asset high equity funds. The take-up of equity funds was also not too shabby, with net flows of R6.9bn over the same period...

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Karpowership blasts SA government over project delays | Fin24Karpowership, the world’s biggest supplier of floating gas-fired power plants, said some South African government agencies have stalled its projects and their conduct isn’t conducive to creating an attractive investment environment. LOL, it's far from an 'investment' from KarPowerShip - SA gov pays upfront in dollars no matter what the load for a 20 year 'emergency' agreement linked to the Rand $ exchange rate. The only risk KarPower carries is a meteor srike 🙈 🙈 🙈 Great. We salute those people that put country 1st and not their stomachs
Source: Fin24 - 🏆 21. / 63 Read more »