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A downward adjustment to GDP growth forecasts, the potential unravelling of the much-vaunted Government of National Unity (GNU), and ongoing erosion of SA-US relations are red flags for international investors considering investing in South African markets. At least, this is your writer’s conclusion following a recent Bank of America Merrill Lynch (BofA) investor roadshow feedback presentation.
Despite current challenges, our outlook for new private markets investments remains optimistic, although we are cognisant of increased risks arising from significant US policy changes and resulting uncertainties affecting growth, inflation and interest rates.
Falling markets are not new, but that does not stop the sense of panic that grips investors in every rout. So here is some data that can help you keep a cool head amidst the tumult.
President Donald Trump’s so-called Liberation Day tariffs, announced in early April, have once again reminded investors of the fragility of market confidence in the face of policy missteps.
If I were tasked with taking my firm’s customer experience (CX) to the next level, I would: