KEEP UP TO DATE WITH ALL THE IMPORTANT COVID-19 INFORMATIONCOVID-19 RESOURCE PORTAL

FANews
FANews
RELATED CATEGORIES
Category Economy
SUB CATEGORIES General |  Budget 2017 |  Budget 2018 |  Budget 2019 |  Budget 2020 |  Budget 2021 | 

Local issues

25 April 2006 Angelo Coppola

Locally, Kevin Lings, economist at Stanlib, says that fixed investment has been solid at 8% for the last three years, with some tail-off for 2006.

The slow down will come in the residential property market, and it will be replaced by non residential building. If growth stays at 4% there will be a demand for commercial property.

Turning to the issue of the current account deficit, it appears that South Africa has been flagged by a rating agency. South Africa is at 4.5% growth rate, which is on the wrong side of the 3% average, and Moodys says that while it has been flagged its not going to feature in their report.

This follows the flagging of Iceland, and the subsequent downgrade of their sovereign risk, and the re-rating of their stock market by about 17%.

Quick Polls

QUESTION

Do you believe this is the toughest period for financial advice in many years?

ANSWER

Yes, it’s hard to navigate the challenges and difficult to adapt. I’m struggling.
No, I have managed to navigate the challenges and have adapted. I’m good.
50/50. I just feel like whether we like it or not, we have to ready ourselves for change… be resilient and scale for the future. It’s not about survival of the fittest anymore but survival of the quickest. We just have to move on with life.
fanews magazine
FAnews October 2021 Get the latest issue of FAnews

This month's headlines

IFA nuggets: Prospecting for clients
FSCA weighs in as universal life policy premiums rocket
No short cuts for the short term broker
Investment lessons worth sharing
Tightening of policy wordings… likely in the future?
Subscribe now