Covid-19 pandemic: A sucker punch to pensions
As much as the Covid-19 disaster is a human tragedy, it’s an economic one too
It didn’t come as much of a surprise that the real April fool was Tuesday’s stonking market rally – an opportunity for asset managers everywhere to goose up their performances after a truly dreadful three months. Not that it helped much: the JSE is down almost 25% over those three months.
At this point, it might be equally foolish to attach much credence to the comparatively low number of Covid-19 cases in SA in recent days, which are reported, in terrifying minutiae, on every news channel, at almost every minute. It feels like there’s an onslaught waiting to happen...