Market News

BLEAK OUTLOOK FOR SOUTH AFRICA

Forecasts put forward for the local economy are equally astounding. The IMF expects a 6% decline in the 2020 calendar year, with a 4.8% recovery next year. The SA Reserve Bank similarly expects a 6% contraction this year, but a much more muted 2% recovery next year.

Fundamentals

Staying Strong in challenging times

Audatex, an expert independent body within the automotive insurance industry, revealed that the shortterm insurance market has experienced price inflation for motor vehicle parts during the past three months. This is mainly due to the weakening South African Rand.

Why Greenlight Matters?

Because of your advice we paid out R3.99 billion in 2015, which is 96% of all valid claims received. Thank you for partnering with us.

The Impact Of Brexit

Well, after being a member for 43 years, the United Kingdom Friday voted by 51.7% to 48.3% to leave the European Union.

What Big Investros Think

What do you see as the biggest known risks to investors currently?

Is there an asset class that you won't invest in right now, and why?

What is your position on gold (as an asset class) and on South African gold shares? Read More

Keeping Our Promises

It just seems that Old Mutual's 2015 story just keeps getting better and better. We have just concluded our analysis of our claims statistics for Protection products in Personal Finance and the great news is that we are still No 1 in the industry when it comes to keeping our promises to our customers!

Customer Q&A's About Credit Rating

S&P’s decision not to downgrade South Africa gives us another small window of opportunity in which to restore confidence in our economy before their next review at the end of the year. Old Mutual advises customers to ‘stick to your plans’. Stay calm and take a long term view.

It's been a tough year for investors

In terms of market movements, the last year has been a tough ride. We believe that global fundamentals are still fairly solid, but investor uncertainty over fundamentals is likely to persist, leading to volatility. There has been a large divergence in returns not only between asset classes over the last year, but also within asset classes. The temptation to switch from underperforming to outperforming funds or to more conservative funds might be large. So too is the temptation to respond to a sharp fall in the rand by going boots-and-all offshore. So how should investors react?

SA RESERVE BANK FACES STAGFLATION DILEMMA

Recent policy actions by the European Central Bank (ECB) and Bank of Japan (BOJ) are prime examples of unconventional monetary policies as central banks in most parts of the developed world run out of conventional options in the ongoing fight to get their economies back on a path of sustained growth.

Why should you Trade Up?

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How we added value to SA

Africa is our home. In our South African heartland, we’ve been partnering to do great things for over 170 years.

Financial planners play a key role

When it comes to household debt, it seems that South Africans really know how to be trendsetters. According to a recent report by Fin24, the average South African pays as much as 79% of every rand on repaying debt.

Begroting 2016

Jy het eintlik redelik lig daarvan afgekom, so sê maar vanaand dankie vir Pravin Gordhan – dalk deur vir oulaas ’n drankie te drink... Só raak die begroting jou sak.

Old Mutual in the fight for South Africa's future

There is a real risk of a sovereign ratings downgrade in South Africa, which is something that would have profound consequences for the country, in the financial markets as well as in the real economy.

Are we experiencing 2008 all over again?

So is it 2008? Mainstream forecasters aren't predicting recession (but they never do). The World Bank has cut its forecast for global growth in 2016 from 3.3% to 2.9% (although that would be better than 2015's outturn).

Obama signs Africa electricity initiative into law

President Barack Obama has signed into law a measure aimed at expanding electricity to millions of households in sub-Saharan Africa, a move that will boost growth.