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. Despite this, offshore investments brought good returns to South African investors. However, the country faces its own challenges such as power cuts and economic stagnation, leading to rising inflation and interest rate hikes by the Reserve Bank.
To get an idea of the current market situation, read the March market watch below
