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2 weeks ago | 
citywire.com | Ruan Jooste |Jaco Visser |Justin Adam Brown |Gareth Stobie
US investors awoke to a pandemic-like selloff in government treasuries as US President Donald Trump unilaterally implemented trade tariffs on imports into the world’s largest economy.
The yield on 10-year US Treasuries spiked as high as 4.51% in US after-hours trading as the base trade kept unwinding, according to the Financial Times.
The base trade refers to investors exploiting price inefficiencies between Treasury futures and the underlying deliverable cash bonds.
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3 weeks ago | 
citywire.com | Tania Mitra |Ruan Jooste |Jaco Visser |Eleanor Becker
In a move that could redefine emerging market investment opportunities, Altvest Capital is set to list its Orient Opportunities Fund (AOOF) on the Johannesburg Stock Exchange’s AltX, as well as the A2X, exchange, granting local investors structured exposure to China’s dynamic yet volatile venture capital (VC) market.
The launch comes as China’s VC ecosystem undergoes a shift.
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3 weeks ago | 
citywire.com | Nour Azhar |Ruan Jooste |Eleanor Becker |Jaco Visser
South African investors remained largely risk-averse throughout 2024, favouring the perceived safety of fixed income assets over equities, despite strong returns in the stock market late last year.
By the third quarter, this conservative posture was evident in investment flows: the Association for Savings and Investment SA (Asisa) SA interest-bearing short-term unit trust category attracted R40.7bn of the R86bn in net inflows, according to the association.
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1 month ago | 
citywire.com | Algy Hall |Ruan Jooste |Justin Adam Brown |Eleanor Becker
In this episode of Money, Markets and Masterminds, we dive into the ‘DeepSeek effect’ – namely, how a Chinese AI startup is shaking up investor sentiment and challenging long-held market narratives.
With the dominance of US tech under scrutiny, it’s hard for investors to know what to expect: is it time to look beyond the US for opportunities? Will AI disrupt market leadership sooner than expected? How should investors navigate the growing volatility in global markets?
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1 month ago | 
citywire.com | Ruan Jooste |Eleanor Becker |Jaco Visser
The Johannesburg Stock Exchange’s (JSE) financial results for 2024 financial year reveal some interesting trends in how the exchange generates revenue.
While headline numbers often focus on trading volumes and corporate actions, a deeper look at the R379.1m in market data fees, R415.2m in back-office charges, and R228.7m in investor services fees shows that asset managers and fund selectors must contend with rising operational costs in an already fee-sensitive environment.
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1 month ago | 
citywire.com | Ruan Jooste |Justin Adam Brown |Jaco Visser |Eleanor Becker
The Supreme Court of Appeal (SCA) has finally issued the reasons why it dismissed the appeal against a 2022 ruling that found bribery played a role in the appointment of a fund administrator for an R6bn pension fund. At the SCA hearing in Bloemfontein regarding the appeal held on 5 September 2024, the SCA judges issued a brief ruling that they had dismissed the Akani Pension Fund Administrator’s appeal with costs. The court undertook to furnish the reasons for the order in due course.
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1 month ago | 
citywire.com | Justin Adam Brown |Ruan Jooste |Jaco Visser |Eleanor Becker
Global investment advisory and analytics firm RisCura has introduced the RisCura Africa RealView index (RARI), a benchmark designed to offer investors a more transparent and accurate measure of African equity markets excluding South Africa.
The new index addresses key challenges investors face, particularly around currency repatriation and market representation.
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1 month ago | 
citywire.com | Ruan Jooste |Jaco Visser |Justin Adam Brown
The cobbling together of South Africa’s governing coalition – which includes 10 political parties – following the May elections last year gave the country’s citizens ‘the hope of breaking with the past’, Justice Malala, political commentator, said at a PSG Financial Services webinar on Tuesday.
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1 month ago | 
citywire.com | Ruan Jooste |Justin Adam Brown |Jaco Visser
The US equity market has been a dominant force in global investing for decades, but is it now too concentrated – and too expensive?
In the latest episode of Money, Markets and Masterminds, Citywire South Africa sits down with Anton Eser (pictured below), CIO at 10X Investments, to discuss the state of the US market, the risks of a potential bubble, and what it all means for South African investors.
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2 months ago | 
citywire.com | Sean Peche |Will Denyer |Ruan Jooste |Justin Adam Brown
‘The losses we make on minting pennies are this big’‘Let’s rip the waste out of our great nation’s budget, even if it’s a penny at a time,’ posted Donald Trump on his way home from the Superbowl Sunday. In the same post, Trump announced that the US government would discontinue the production of pennies. Minting each of these 1-cent coins now costs the government 3.69 cents, leading to a net loss on every penny struck.
