What you should not invest in...

Avoid SA bonds and property, and prepare for only modest returns from local equity markets.
That's according to Walter Aylett, who manages the Nedbank Bravata Worldwide Flexible Fund on behalf of Nedgroup Investments. If you are going to invest in SA equities, "Stockpicking will be key," he says.

Read Full article on mymoney.iafrica.com

Resources fuel JSE's record run

The JSE remained rampant in noon trade on Wednesday, having roared to a record high on the back of higher commodity prices and positive world markets.

By 12:11, the all share index was up 1.13% at 25 386.79 after reaching an all-time high of 25 438.49. Resources rallied 2.3%, with the gold and platinum mining indices jumping 2.06% and 2.15% respectively. Industrials climbed 0.4% and financials firmed 0.31%, but the banks index was 0.31% in the red.

Read the Full article on FIN24.co.za

Inflation steady at 5%

The increase in South Africa's consumer price index excluding mortgage rate changes (CPIX) for metro and other areas, which is used by the South African Reserve Bank (SARB) for its inflation target, was up 5.0% year-on-year (y/y) in December, unchanged from November, Statistics South Africa (Stats SA) said on Wednesday.

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Gold near 7-week high

Gold paused for breath on Wednesday after rising 2%in New York, but dealers said the next resistance of $650 may be tough to crack without further weakness in the dollar or more gains in oil.
Silver rose to its highest level in more than a month, while platinum and palladium jumped as a weak dollar encouraged buying by speculators.

Read Full Article at FIN24.co.za

Rand slips, eyes inflation data

South Africa's rand was trading weaker against the dollar on Wednesday but keeping within a tight range ahead of domestic consumer inflation data later in the session.
The rand stood at R7.1350/US$ at 08:50, 0.4% weaker than the New York close of R7.1050/$ on Tuesday.

Read Full article at FIN24.co.za

'Don't bet on Feb rate move'

Standard Bank chief economist, Goolam Ballim, says he does not expect more rate hikes in the current interest rate cycle, with even some scope for easing later this year.

Read Full article at FIN24.co.za

JSE sets new record

The JSE has roared to another record high, fuelled by higher commodities prices and positive world markets.

Read Full article at FIN24.co.za