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Scott Bell joins the Carrick team as Regional Manager in Gauteng
It is with much pleasure that Carrick Wealth wishes to announce the appointment of Scott Bell who joins our team as Regional Manager in Gauteng, effective 01 August 2020. In this leadership role, Scott brings with him a wealth of experience in the financial services sector, not only to Carrick’s Johannesburg team but to the…
Read MoreWeek in Review: Tech Giants Dominate
U.S. equities ended mostly higher for the week as big tech held the earnings spotlight. On Wednesday, a congressional antitrust panel questioned the chief executives of the biggest tech companies around their size, power and business practices. The industry leaders (Jeff Bezos of Amazon, Tim Cook of Apple, Mark Zuckerberg of Facebook and Sundar Pichai…
Read MoreCarrick Wealth is ranked as the Top Wealth Manager for Wealthy Executives at 2020 Intellidex Awards
Carrick Wealth has done it again! This leading South African financial advisory and wealth management firm has again held its own against strong competition in the financial services industry in the annual Intellidex Top Private Banks & Wealth Managers survey. When the winners of the different categories in the annual survey were announced yesterday, Carrick…
Read MoreWeek in Review: U.S.-China Trade Tensions Escalate
Escalating tensions between the U.S. and China weighed on global equity markets this week, with the S&P 500 Index briefly turning positive for 2020 before retreating. Tensions arose after the U.S. accused two Chinese hackers of targeting American companies working on virus research and stealing information. It also ordered the shutdown of China’s Houston consulate,…
Read MoreWeek in Review: Chinese Second Quarter GDP Rebounds
China’s GDP grew a better-than-expected 3.2% in the second quarter of this year, reversing a historic 6.8% contraction in the first quarter. Economists polled by Reuters expected China’s gross domestic product to have grown at 2.5% in the April to June quarter. With many firms still operating below capacity some analysts questioned the official growth…
Read MoreWeek in Review: Second-Half Outlook
Having crossed the halfway mark of 2020, the “rear-view mirror” will record the first six months of 2020 as one of the most fascinating and volatile periods for financial markets on record. With global equities having bottomed on the 23rd of March, the rebound witnessed in the 2nd quarter has been one of the sharpest…
Read MoreWeek in Review: Global Economic Activity Shows Signs of Rebound
Equity markets continued to rise this week despite the World Health Organization recording its largest single-day increase of global coronavirus cases since the start of the pandemic on Saturday. Member states reported more than 212,000 newly confirmed cases of COVID-19 to the global body with most cases coming from the Americas, including the United States…
Read MoreBradd Bendall Brings 20 Years of Sales Innovation to his Appointment as Carrick’s New Group Sales Director
Carrick is delighted to welcome aboard Bradd Bendall, who will take up his new appointment as group sales director at the Carrick Group, effective 1 July, 2020. Set to bring the proverbial “fresh set of eyes” to the task of significantly growing the company’s sales team, Bendall says he is ready to roll up his…
Read MoreWeek in Review: Minister Mboweni Delivers a Grim Assessment of SA’s Finances
On Wednesday, South African Finance Minister Tito Mboweni delivered a grim assessment of the nation’s finances in a special Supplementary Budget Review (SBR) that forecasts a deep South African recession and plunging tax revenues as a result of the Covid-19 outbreak and subsequent lockdown measures. Gross domestic product (GDP) is forecast to shrink by 7.2%…
Read MoreSA’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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