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In line with our and the market’s expectations, Fitch ratings agency downgraded South Africa’s long-term sovereign debt rating to BBB- from BBB.
For all the ups and downs on global markets, this year will probably be remembered for exchange rate movements, including the smallest big move, when the Chinese yuan was devalued by 2%, setting off a violent financial chain reaction. Several emerging market currencies have been hammered this year, including the Brazilian real, the Russian rouble the Turkish lira, and of course, the rand.
In current challenging markets, institutional investors have never been under greater pressure to look for alternative sources of returns to optimise their members’ retirement capital. Sluggish global growth, volatile markets, increased regulation and growing complexity mean making smarter asset calls is tougher than ever.
Satrix, together with EasyEquities, is now making it even easier to invest in Exchange Traded Funds (ETFs) through a new online investment platform called SatrixNOW. Judging by the recent set of results from Purple Group, their easy-to-use and cost effective EasyEquities trading platform is well on its way to becoming one of the leading platforms of the investing world. This relationship enables Satrix, the largest equity index tracking provider in South Africa, to employ the same innovative technology driving the EasyEquities platform to offer ETF’s to the nation.
The strongest deterrent against FSP compliance missteps is or should be: