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South Africa’s economy continues to climb out of the Covid-19 hole. Economic growth in the fourth quarter of 2020 was ahead of the expectations of most economists, and the 2020 contraction of 7%, though the worst on record, was not as bad as initially feared.
In the past 12 months, the spread of COVID-19 has forced us to change the way in which we live our lives in order to protect ourselves and others. In a matter of weeks, office buildings and schools were closed, engrained daily routines set aside, and many interactions important to our mental wellbeing replaced by online applications.
Momentum’s leading stockbroking division – Momentum Securities – will be bringing you their Stock Pick of the Week, each week on a Wednesday or Thursday. The stock pick motivation is available as written content and downloadable audio and video clips.
The strongest deterrent against FSP compliance missteps is or should be: