September 2024 Economic Review
US inflation data subsided and unemployment data was also positive, prompting the US Federal Reserve (Fed) to begin its interest rate cutting cycle. China’s central bank unveiled measures to improve the country’s economic growth by lowering borrowing costs and allowing banks to increase their lending capabilities. South Africa’s inflation rate dropped below the midpoint target in August, encouraging the South African Reserve Bank (SARB) to cut interest rates for the first time since pre-Covid.
How Millennials and Gen Z are reshaping the future of sustainable investing
Rudesh Patel, Head of Sustainable Investing at Sanlam Investments Multi-Manager, highlights the impact that Millennials and Gen Z will have on the investment industry.
Monthly Market Highlights – September 2024
The South African Reserve Bank cut interest rates by 25 basis points (bps) in September, the first reduction in over four years, bringing the repo rate to 8%. This move reflects expectations of further declines in headline inflation.
Estate planning is life planning
Estate planning is a critical part of any sound financial strategy and is essential for everyone, not just the wealthy. It is important to have a valid will, avoid do-it-yourself options, and keep an updated list of assets and liabilities to ensure financial protection for both individuals and their beneficiaries.