WM Market Update – March 2015
Global Global markets continued their volatile ride as investors sought direction amid mixed news and concerns around a rampant US dollar and a slowing Chinese economy. The MSCI World shed 1.81% (USD), dragged lower by Europe (-2.56%) and the US (-1.44%) with Japan withstanding the negative sentiment posting 1.65%. Read the full article Domestic The South African economy was dominated by the ongoing fiasco at Eskom which is having a major impact on economic development as well as putting substantial pressure on an already weakened Rand. Minister Nene has projected economic growth for 2015 at 2.0% down from the 2.5% he indicated in October. For 2017 the indication is for 3%. Unfortunately these levels of economic growth project a muddle through economy for South Africa for some time to come. Read the full article
