The world we are living in is so fiercely volatile at the moment that it would be foolish to predict with any level of certainty what the market is going to do.Let’s use the rand-dollar exchange rate over the past 12 months as a starting point. Who would have guessed that from R13.80 this time last year it would shoot up to R17, come back down to R14, go back up to R16, and then back down to R13? It’s been a rollercoaster ride where the only consistency seems to be inconsistency.Each year around this time we get asked what we expect market growth to be in the next year. It’s a question that is becoming harder and harder to answer because there are so many factors at play. What will happen with the huge internal political crisis our country is facing? Will we be downgraded to junk status, and what will the impact on the economy be? Will we get enough rain this summer? How will the new political dynamics in Tshwane, Johannesburg and Nelson Mandela Bay play out?There is also the intern...
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