Why real assets should form the cornerstone of your portfolio
With lower GDP forecasts and higher debt levels the SA environment is not conducive for long-term investors
28 June 2020 - 19:50
The environment facing long-term investors is treacherous. We are in uncharted waters for our generation.
Last week, the IMF lowered its SA 2020 GDP forecast to -8% (2.2 points lower than in April and the biggest decline since the 1930s); finance minister Tito Mboweni announced an expected fiscal deficit of 14.6% in 2020 and made a commitment to cut government expenditure by about 9% a year to avoid a debt trap; and Stats SA calculated annual inflation at 3%, the lowest rate in 15 years...
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