Despite our consumer confidence index reaching new lows in recent days reflecting the pessimism that South Africans are feeling about the current state of affairs, several of our local stocks are trading at levels that render them very attractive right now, at least for the short to medium term, relative to most similar stocks in […] The post The local stock market is relatively undervalued versus developed markets first appeared on Offshore Investing ..read more

Dear Client Please find attached a sober summary by PPS Investments, of what happened almost two weeks ago now in the US banking industry. We trust that central banks will stand behind their banks going forward & that mergers are arranged in an orderly fashion as happened with USB & Credit Suisse. Kind regards It […] The post The crisis in the US banking industry first appeared on Offshore Investing ..read more

Dear Valued Client It’s been another eventful year for many wrong reasons, with South Africa being pounded by scandals & a seemingly paralysed president, while municipalities crumble, water purification plants founder & Eskom staggers to a near halt & lose their very able chairman (& they ask for another rise in their tariff – this […] The post 2022 – a brief end of year update first appeared on Offshore Investing ..read more

The Medium Term Budget Policy Statement presented a further improved fiscal position, despite the global macroeconomic environment having weakened since February. This improvement is thanks to higher than expected revenues, driven by improved tax collections, in an environment where prices in general have been steadily rising. The market had widely expected the further boost to […] The post South African Medium Term Budget Policy Statement first appeared on Offshore Investing ..read more

Dear valued Client Please find below a very brief summary of the main topics covered by South Africa’s 2022 Budget speech last month. There were not many changes at all, possibly the right kind of budget to have in this uncertain environment, but there were are few. Here are the main topics in brief: Foreign […] The post Budget Highlights – A few pointers first appeared on Offshore Investing ..read more