December 2024 Economic Review
The US labour market improved, with more jobs added in November than October, while the unemployment rate was little changed over the same period. Data showed that South Africa’s inflation edged higher in November but remains below the South African Reserve Bank (SARB)’s 3-6% target range.
Give your children the gift of future thinking this festive season
This festive season, consider giving your children a gift that lasts: an investment in their future. By redirecting part of your gifting budget toward an investment, such as an ETF, unit trust, or Tax-Free Savings Account, you can teach them the value of saving and the power of compounding.
The power of compounding
Compounding is a powerful tool in finance, where the interest earned on an investment is reinvested, allowing the principal and accrued interest to generate more returns over time. Starting early, making regular contributions, and reinvesting earnings are key strategies to maximise the benefits of compounding, which can also work against you with debt if not managed carefully.
October 2024 Economic Review
The UK economy is still showing resilience through its economic expansion despite remaining static during June and July. China and the eurozone economy are both growing despite not expanding to the desired figure. Locally, inflation dipped to below the midpoint of the South African Reserve Bank’s inflation target, encouraging the bank to cut rates after a US rate cut.