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Despite the dampening effect of rampant inflation on stock markets, active fund managers who focus on business fundamentals relative to valuations can continue to generate market-beating returns for investors, says Old Mutual Multi-Managers.
The South African Reserve Bank (SARB) hiked the repo rate by 75 basis points (bp), to 5.50%. While this was larger than the consensus median, it was not entirely surprising given that the market had been assigning a reasonable probability to such an outcome.
Debt holders face higher repayments following the latest announcement by the Monetary Policy Committee (MPC). The repo rate climbs by another 75 basis points to 5.5%, leaving the prime lending rate at 9%.
The strongest deterrent against FSP compliance missteps is or should be: