Allan Gray's offshore partner calls it"an everything bubble" with more market pain to come. Old Mutual Investment managers predict a sharp fall in global equity prices. Ninety One says many businesses were ill-prepared for the rapid interest rate hikes. But each investment house still has its own investment favourites in this tough market - with all agreeing that semiconductor chip manufacturers are the flavour of the year.
Local portfolio managers admit this is likely to be another bad year for equities, with forecasts of a US recession getting stronger. Investors are already moving their money to cash and bonds in droves. With a bond yield closer to 12%, SA's government bonds have increasingly become a great alternative for high returns without the risks equities present. Interest rates are also the highest in over a decade, making cash almost as attractive.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BBCAfrica - 🏆 23. / 61 Read more »
Source: News24 - 🏆 4. / 80 Read more »
Burnt bodies of prominent Limpopo business woman and relative found at hotelPolice have activated a manhunt for the killers of a prominent Limpopo business woman and her relative, whose burnt bodies were discovered at a hotel in Ohrigstad on Saturday.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Source: News24 - 🏆 4. / 80 Read more »
Post Office applies for business rescue in effort to save ‘essential service’Provisional liquidator argues in court against final liquidation as it provides an essential service to many citizens
Source: BDliveSA - 🏆 12. / 63 Read more »
ALEXANDER PARKER: Business needs to play hardball with the stateNow might be the time for some straight talking, because the power relationship is shifting
Source: BDliveSA - 🏆 12. / 63 Read more »