Newsletter – August 2024 – Issue 146

Bumpy August markets had a 10% correction local and offshore, but then climbed back up almost immediately. The Rand lost against the Pound and gained against the Dollar.
Interest rates are set to come down this month, overseas and in South Africa. This is good news for people with debt. As the interest rates start declining you will see money moving from the banks back into markets thereby boosting the market returns.
Springboks are on a winning spree and look unstoppable. I am sure beer and brandy sales have gone through the roof.