How AI is shaping the future of portfolio management

In Q3 2024, SA’s GDP fell by a surprising 0.3% quarter on quarter, while the market expected a small increase. This mainly reflected a massive decline in agricultural production, which fell 28.8% q/q, largely reflecting a four million tonne drop in the maize crop (which was actually an annual, not…

The Global Debt Monitor for Q2 2024, which includes data for developed and emerging economies, was released on 25 November 2024, while the Frontier Markets Debt Monitor for Q2 204 was released on 4 November 2024. This provides a good opportunity to examine South Africa’s total level of debt, both…

US core personal consumption inflation for October remained elevated at 2.8% y/y, despite relatively high interest rates, suggesting that the US Federal Reserve (Fed) does not have to be in a hurry to take interest rates significantly lower. We expect that the extent of further US interest rate cuts will…

SA’s headline inflation rate for October fell to 2.8% y/y, which was lower than expected, showing a pleasing reduction from above 5% in June. A key reason was a drop in fuel inflation, which is currently -19%. Food inflation has also dropped below 3% from over 14% in 2023. However,…

The US inflation rate in October was 2.6% y/y from September’s 2.4%, which was in line with expectations but still above the US Federal Reserve (Fed) target of 2%. Core inflation, however, is at 3.3%, largely due to shelter prices, and there are other inflationary pressures which will require the…