27four Investment Managers
6th February 2018
Quarterly Global Market Overview: Rising Hope in the Midst of Darkness
As the global economy continues to show ongoing signs of strong improvement, investors have reason to remain ever encouraged by prospects for global risk assets. South Africa continues to remain a small open economy capable of fully harnessing such benefits should a number of impediments be addressed. These include providing greater policy certainty from policy makers to encourage investment, addressing the trust deficit between the corporate sector, the public sector and the general public and maintaining fiscal prudence. Should JSE corporates follow the lead of their global counterparts and use significant cash resources to increase investment, earnings growth from a greater breadth of the market could continue to provide momentum to local equity markets. While we remain encouraged by a confluence of positive economic events globally, we remain aware of heightened risks and the challenges posed by increasingly convoluted geopolitical risks.