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Believe it or not, but it is December already. Barring a surprise Christmas rally or a visit from the Market Grinch, we have a reasonably good idea what the calendar year returns for 2019 should be.
October was a month starved of positive economic news for South Africa.
Years of fiscal consolidation - cutting expenditure and raising revenue mainly through tax increases, have failed to deliver the desired outcome. The Main Budget deficit is likely to exceed 6% of GDP in 2019/20 with the gross loan debt ratio increasing to more than 60% of GDP by the end of this fiscal year.
The pound is rallying and UK financial assets are being given a boost following news that a Brexit deal has been agreed between UK and EU negotiators before a meeting of European leaders in Brussels on Thursday.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?