Inflation in South Africa rose to 7.1% in March, up from 7.0% in February.
We wanted to bring to your attention some important updates regarding SARS's amendments to the emigration process and the Foreign Investment Allowance changes, as explained by Thomas Lobban, Head of Cross-Border Tax at aTax Consulting SA to News24.
In the first quarter of 2023, the global economy experienced a slowdown due to issues in the US regional banking sector, causing concerns about a possible banking crisis. This affected not only the US but also South African markets, leading investors to worry about the situation.
After a solid start to 2023, risk assets took a step back in February as they digested a host of economic data in the US, which suggested that the Fed may have to keep raising rates (and winding down its balance sheet) to curb the inflation.
After an exceptionally challenging 2022, global markets kicked off 2023 on a strong footing.
See the below market watch for the month of January to get a sense of where we currently stand.
There was plenty of angst in local markets as 2022 drew to a close, so let's take a step back and appreciate how challenging 2022 was for investors.
See the below market watch for the month of December to get a sense of where we currently stand.
The markets have continued to improve, but there's still a long way to go in this recovery period.
See the below market watch for the month of November to get a sense of where we currently stand.
The markets have rallied slightly allowing some relief of the current pressure we are all under.
See the below market watch for the month of October to get a sense of where we currently stand.
Looking to move money in and out of South Africa? RockWealth Capital can assist with all your foreign exchange needs. Making the process as smooth and efficient as possible. Below are the the services RockWealth offers and can assist with.