Archive for Jun 2020

SA’s Supplementary Budget Review: Key Highlights

Context South Africa is expected to record its worst economic performance in recent history as a direct result of the Covid-19 outbreak and subsequent lockdown measures. In response to this, SA’s Government has introduced a three-phase economic response to the virus outbreak. This has necessitated the release of a Supplementary Budget Review (SBR). This emergency…

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Week in Review: The Delicate Balance

On Thursday more than 150,000 new cases of the coronavirus were recorded, the highest single-day number so far. The new cases were mostly reported in the Americas, with significant numbers from South Asia and the Middle East. Countries globally are moving forward with the reopening of their economies, some more cautiously than others, as each…

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Week in Review: Covid-19 Resurgence Fears Dampen Sentiment

Global equities suffered their worst weekly decline in almost three months as fears of a second wave of infections along with the U.S. Federal Reserve’s economic outlook dampened investor sentiment. With economies slowly reopening and people making their way back to work, there have been growing fears of a resurgence of coronavirus infections. In the…

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Week in Review: U.S. Jobs Report Surprises

Week in Review: U.S. Jobs Report Surprises The encouraging employment data revived hopes that the US may well be on the road to recovery from the coronavirus shock. Leisure and hospitality (including restaurants) represented almost half of the jobs gained clawing back 1.2m jobs after losing more than 8m since the crisis began. Employment looks…

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Carrick Wealth further expands with launch of specialist fiduciary planning division

Leading South African wealth and investment advisory firm, Carrick Wealth, has further expanded its offering with specialist fiduciary and planning services under the banner of its newly launched Carrick Consult division. Already one of the fastest-growing wealth and investment advisory firms on the African continent, this multiple-award-winning group has recently aggressively been enhancing and expanding…

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Week in Review: Reopening Optimism Lifts Markets

Global markets ended the week higher, with the month of May marking the start of the gradual reopening of economies. A steady but slow decline in new infections in developed markets has allowed for the partial lifting of lockdown restrictions, boosting investor confidence. Markets were also encouraged by news of human trials of a possible…

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For COVID-19 updates, visit the South African Government's official portal