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South Africa’s economy has avoided a technical recession for now, having reported first-quarter growth of 0.4% in real terms (seasonally adjusted). Fourth quarter 2022 growth was also upwardly revised from -1.3% to -1.1%, thanks to better-than-expected output from certain primary and tertiary sectors.
The South African Reserve Bank (SARB) released its Financial Stability Review (FSR) highlighting that the risk of secondary sanctions has increased and should now be considered when evaluating the financial stability of South Africa.
After raising rates as expected at its May meeting, it looks like Federal Reserve policy will become more data driven and event dependent as it softens on future hikes.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?