Are we there yet?

Published: 
14 September 2015

The South African fixed income community is on edge.  Since the massive rally in bonds at the start of the year we have effectively been in a bond bear market.  Despite the fact that bonds are interest-bearing instruments – and despite the fact that some of them a

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The Emperor and The Red Tide

Published: 
14 September 2015

Walt Disney was a very famous cartoonist who originated the concept of Mickey Mouse.  Indeed, Mr Disney’s own words were that “I only hope that we don’t lose sight of one thing – that it was all started by a mouse.”  Certainly, Mickey Mouse was what made Disney fa

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Is There Life After Lift-Off?

Published: 
21 August 2015

At the time of writing, the Rand had briefly traded to the brink of R13/USD and is trading at a record low against the UK pound.  CPI is heading north, having hit 5% already and projected to breach the upper 6% level of the inflation band shortly.  2015 GDP growth

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