A question that clients often ask us is how much of a risk the high levels of sovereign indebtedness in the US pose to the global economy and markets. With close to $35 trillion in national debt and a debt to GDP ratio of around 123%, the US government’s debt situation is serious enough to…
The following article authored by esteemed political analyst RW Johnson, provides his most interesting insights into the “bad faith” bargaining that occurred in the lead-up to the GNU; the ANC’s determination to exclude the DA from any key posts in the national economic cluster; a possible scenario in which the EFF and MKP may reunite…
For many years we have been consistent in our belief that offshore investments offer a far better set of opportunities for our South African-based investors than local options. At the same time, some of our domestic investors may need to protect themselves against the volatility that the local currency and the global equity markets may…
Close to a year has passed since the rand tested new record lows in the wake of the Lady R debacle. With general elections just around the corner and markets widely expecting the US Fed to start cutting interest rates later this year, now is an opportune time to take stock of the rand’s direction.…
The following article was commissioned by Dynasty for our clients and compiled by our research partner, Analytics Consulting, as represented on our Investment Committee. Notwithstanding the Decoder methodology outlined below, Dynasty considers other non-quantitative factors in determining an investment case for gold, which are currently supportive of this asset class/currency. These include an apparent weaponisation…
2024 is being billed as the biggest election year in history, with dozens of countries representing around 4 billion people expected to hold general or presidential elections. The unpredictability of election outcomes in some of the world’s most populous and economically significant nations has introduced major concerns to investors which are likely to escalate throughout…
Since the Global Financial Crisis, investors have become accustomed to keeping cash in US dollars, British pounds or euros, earning minimal or zero interest while simultaneously incurring administration fees. But following the global interest rate tightening cycle over 2022 and 2023, investors can once again start earning more attractive interest rates on their funds in…
While the rhetoric around prescribed assets subsided a few years ago due to the workers’ unions realising that their members would be among those most prejudiced should the policy be implemented, there have been some queries as to what lengths the South African government may go to in order to fund their budget deficit and…
South Africa’s weak economy has placed National Treasury in the unenviable position of having to control a budget under deteriorating fiscal metrics. In addition, although the finance minister has suggested a curtailment of certain expenditure, he will inevitably face fierce political resistance from parties who are looking to garner votes in next year’s general election.…
