Newsletter – September 2025 – Issue 158

All markets are doing well, and the Rand is strong because we have offshore money pouring in here buying our bonds, but this can leave in a day if something bad happens in South Africa. (The offshore people must be blind if they cannot see the problems we have already). Our government minions are scurrying around at the end trying to negotiate with Trump on the massive tariffs he has put on South Africa. If they don’t succeed those tariffs are going to sink certain industries.
Gold continues it’s climb because of all the uncertainties in the world. Some of our clients are also adding Bitcoin ETFs to their portfolios as a means of diversification.
What can we say about the 43-10 thrashing that the Springboks gave the All Blacks. Rassie gave the young charges a chance and they did not let him or the country down. Well done boys!