Rising uncertainty over fiscal policy has seen South Africa’s sovereign credit cut to junk status by two rating agencies, although the move appears to have had only a modest impact on the currency thus far, with inflation still within the target range.
South Africa’s economy faced another challenging year in 2016, as soft commodity prices, slow domestic demand and an uncertain political outlook combined to limit growth, with prospects for the coming year expected to be only somewhat more positive.
THE COMPANY: Established in 1918, Sanlam has grown to become the second-largest listed life insurance company in South Africa, after Old Mutual. The group operated as a mutual fund until its listing on the Johannesburg and Namibian stock exchanges in 1998. In legacy of its demutualisation, Sanlam...
THE COMPANY: Woolworths Holdings is an investment holding company listed on the Johannesburg Stock Exchange that operates through three wholly owned subsidiaries, Woolworths (proprietary), David Jones and Country Road Group, as well as a joint venture – Woolworths Financial Services. Woolworths is...
The JSE has performed well over the past year in spite of muted macroeconomic growth. To what do you attribute this divergence?
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