Sanlam Intelligence

Welcome to Sanlam Intelligence. This is your portal to the latest news on a variety of topics that feature prominently in a financial adviser’s life. We provide you with up-to-date market commentary, making sure that you always have your finger on the pulse of the latest events that moved the market and are able to give your clients prompt feedback on how these events can affect their portfolios. Sanlam Intelligence also provides you with the latest information on our core solutions, empowering you to speak with authority on the solutions you chose to implement your client’s financial plan. We are here to provide you with insights into the markets, the economy, and ever-changing investment legislation. We hope you enjoy the read.

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    Market Update: April 2017
    anemptytextlline
    15 May 2017
    For South Africans, the ratings downgrades dominated the financial news during the month of April. Ratings agencies were quick to respond to Minister Gordhan’s replacement amid an extensive Cabinet reshuffle on 30 March. Standard & Poor’s was the first to downgrade South Africa’s foreign currency debt to non-investment grade (junk) and with it the local currency debt to one notch above junk.
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    Events that moved the market Q1 2017
    anemptytextlline
    5 May 2017
    We have summarised the main events that moved the markets – locally and globally – for the first quarter the year 2017.
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    Market update: March 2017
    anemptytextlline
    11 April 2017
    South African economic data released during March were mixed. Statistics SA reported that the local economy had contracted by 0.3% in the fourth quarter of 2016.
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    SA downgrade: In the aftermath
    anemptytextlline
    6 April 2017
    And so the long anticipated downgrade has happened – and despite the fact that it came as no surprise, investors are nevertheless reeling and somewhat shocked. Financial markets are driven by human emotions, especially fear and greed, and at the moment fear is the dominant emotion influencing market pricing. Frederick White, head of Balanced at Sanlam Investment Management, takes a step back to assess the situation objectively, and isolate the real drivers of the recent market movements.
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    SA post downgrade – has the sell-off stabilised?
    anemptytextlline
    4 April 2017
    The downgrade by Standard & Poor’s (S&P) of SA’s local currency by one notch to (BBB-) and it’s foreign currency debt to (BB+), one level below investment grade, has long been anticipated by markets, and was largely priced in by the time of the announcement on Monday 3 April. The rand has lost about 10% since Minister Gordhan was recalled from his oversees trip and bond yields have risen about 90bps. Mokgatla Madisha argues that we might have hit the bottom in terms of bond prices. We also include a simplified infographic showing why the downgrade is important to all South Africans. It illustrates the long-term impact of a potential move from investment grade to junk status – for local-currency debt.
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    An April’s fool tale
    anemptytextlline
    3 April 2017
    Politics has been the dominant theme driving global financial markets in the past year, says Patrice Rassou, head of equities at Sanlam Investment Management. Whether it was the unexpected decision of the UK to exit the EU or the election of Donald Trump, this trend very quickly put to bed the old adage that “…only in emerging markets does politics play a greater role than economic policy in driving performance”. In South Africa, the murky world of political intrigue has taken top billing with the surprise removal of Finance Minister Nene at the end of 2015, which gave our financial markets a shock jolt, only to be revived by a spectacular volte-face and the appointment of a more experienced Pravin Gordhan, and yet another abrupt about-turn with Gordhan’s removal on the eve of 30 March.