As another year nears its conclusion global markets are still in a state of uncertainty due in the main to the protracted debacle that is Brexit and the on-going US-China trade negotiation.
Hopefully 2020 will see resolution to both these issues and allow markets some semblance of certainty.
Back home the incredible events of early November in far-away Japan gave us all some unbridled joy and some indication of what is possible, however, the huge glow of World Cup success was soon darkened by news that our economy remains depressed and our SOE’s continue to absorb piles of cash. Both SAA and PRASA have been placed in business rescue, it really is “last chance saloon for both enterprises.” The Eskom conundrum remains a huge thorny issue.
The one minor consolation is it seems that Government has moved away from its unworkable open chequebook policy and are perhaps beginning to entertain thoughts of partial privatisation.
In preparation for a very busy 2020 the Chalford Wealth team are taking a well-earned break from the 13 Dec to the 6th January 2020.
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