We’re finally into the second half of 2017, however the first six months of the year have been a roller-coaster ride, marred by the following events:
South Africa was downgraded to sub-investment grade
The country is in a technical recession
Unemployment rate reached 27.7%
Underlying these events has been a great deal of political noise that is unlikely to calm down as we build up to the ruling party's elective conference in December.
Much like you, we were curious about what the next six months hold, so we at the Long Short Podcast, sat down with Standard Bank’s Chief Economist, Goolam Ballim. Ballim takes us throught the themes that will shape the direction we’re taking economically for the rest of the year and what events will set the tone for 2018.
Ballim also touches on the global landscape and where investors will most likely be looking for growth. Take a listen below.
Any audio, visual or written presentation (the “Presentation”) provided via a third party website (including but not limited to: Youtube, Soundcloud etc) is provided on the express understanding that the information contained therein would be regarded and treated as proprietary to SBG Securities Proprietary Limited (“SBG Sec). Such Presentation shall not be reproduced or used, in whole or in part, for any purpose other than for the consideration of the information set out therein, without the prior written consent of SBG Sec.
The Presentation has been prepared solely for information purposes by SBG Sec and accordingly does not constitute an offer, a solicitation of an offer, invitation to acquire any security or to enter into any agreement, or any advice or recommendation to conclude any transaction (whether on the indicative terms or otherwise) and must not be deemed as such.
Any information, illustrative prices, disclosure materials or analyses provided to you have been prepared on assumptions and parameters that reflect good faith determinations by SBG Sec and do not constitute advice by SBG Sec and it should not be relied upon as such. The information, assumptions and parameters used are not the only ones that might reasonably have been selected and therefore no guarantee is given as to the accuracy, completeness, or reasonableness of any such information, quotations, disclosure or analyses. The past performance of any securities or other products is not an indication of future performance. No representation or warranty is made that any indicative performance or return indicated will be achieved in the future.
The Presentation is not an official confirmation of terms, does not represent an express or implied offer, nor does it create any liability or obligation on SBG Sec. Any rates, levels and prices quoted herein or verbally presented are indicative only and although reflective of market conditions prevailing at the relevant time do not constitute an offer to transact at such levels and are supplied for illustrative purposes only. Any transaction or agreement to perform certain services that may be concluded pursuant to the Presentation shall be in terms of and confirmed by the signing of appropriate documentation, on terms to be agreed between the relevant parties. The information in the Presentation may change without notice. Prospective investors should obtain independent advice in respect of any product and/or content detailed in the Presentation, as SBG Sec provides no opinion or advice including investment, tax or legal advice and makes no representation or warranty about the suitability of a product for a particular client or circumstance. Transactions described in the Presentation may give rise to substantial risk and are not suitable for all investors. SBG Sec will only provide investment advice if specifically agreed to by SBG Sec in appropriate documentation, signed by SBG Sec. This information is to be used at your own risk, and SBG Sec makes no representation with regards to the correctness of the information herein. SBG Sec accepts no liability whatsoever for any expenses, loss or damages howsoever incurred, or suffered, resulting or arising from you viewing and/or listening to the Presentation. By viewing the Presentation, you agree to be bound by the foregoing terms and limitations.