March was not a good month for markets, offshore and local. Trump caused big problems worldwide with his tariff ranting and supposed friendship with Putin. His backing of Israel was the only positive that came out of that. He also came out firing at Zelensky, but then did a u turn and gave him some more arms.
In South Africa we keep on trying to annoy and anger the USA. Rasool made a comment saying that the “Make America great again” movement was partly a response to “a supremacist” instinct and therefore got kicked out of the US.
What our government does not realise is that if the US pulls the plug on us, our Economy will crash and burn unless they are depending on China and Russia bailing us out and do we want that?
Good news is Local and Offshore markets have turned around the 3rd week of March and seem to be recovering well. The Rand / Dollar is bumping along with no real direction, but most analysts say it will get weaker in 2025.