What’s New

In a room filled with murmured conversations and intense discussions, top European Union (EU) officials are preparing for what could be a seismic shift: The possibility of a Donald Trump presidency in 2024. With polls now leaning in Trump’s favour, European leaders are assessing potential impacts on trade, defence, and foreign policy. The urgency is palpable as they prepare for the economic ripples that a Trump administration might bring to Europe’s economy.

South Africa’s (SA’s) post-apartheid dream of a prosperous nation remains unrealised for many. While political freedom was achieved in 1994, economic freedom and opportunity have lagged. Poor leadership, particularly in government, is a key cause of this. A lack of accountability has resulted in flawed policies that hinder economic progress, leaving millions in poverty.

With growing expectations for local rate cuts, investors should consider the potential impact on their portfolios. Lower interest rates reduce the cost of borrowing, stimulating economic activity and boosting consumer spending. However, it also reduces the return available on savings. Although just one of the factors impacting asset returns, rate cuts typically prove negative for cash investors while benefitting bonds, equity, and listed property.