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Bradd 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…
Read MoreWeek 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…
Read MoreWeek 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…
Read MoreWeek 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…
Read MoreCarrick 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…
Read MoreWeek 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…
Read MoreWeek in Review: Sino-US Tensions Escalate
Global stocks rose for the week as investors were buoyed by progress in vaccine trials and optimism over the reopening of economies, however the week ended a little more subdued as the prospect of an escalation in tensions between the world’s two largest economies seems to be gaining traction. The Chinese government moved to assert…
Read MoreWeek in Review: Virus Revives U.S.- China Trade Tensions
Global equities erased most of the prior week’s gains after a string of disappointing economic releases and escalating tensions between the U.S. and China weighed on markets. A speech by Federal Reserve Chair Jerome Powell, in which he said that the U.S. economy is “subject to significant downside risks” in the months ahead and warned…
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