LATEST RESEARCH & INSIGHTS
SA May inflation rises to 4.5%, but outlook remains dependent on oil and food prices
- Dr Lerato Ntuli
South Africa’s (SA) annual headline inflation rose to 4.5% in May 2026, up from 4.0% in April, but below market expectations of a 4.7% print....
SA GDP growth surprises to the upside as headwinds gather
- Dr. Lerato Ntuli, Economist
South Africa’s (SA) real GDP growth edged higher to 0.5% QoQ in 1Q26, up from 0.4% in 4Q25, while annual growth accelerated to 1.9% YoY,...
May global commentary: The seemingly insatiable demand for AI computing power continues to drive equity markets higher
- Peter Little, Wealth Management
Global equities had another strong month in May (MSCI World +4.6%), dragging them back into double-digit gains for the year (+10.7% YTD). May’s rally was...
May local commentary: JSE has a lacklustre month as gold’s tailwind fades and global investors flock to AI chipmaking stocks
- Peter Little, Fund Management
The JSE fell just short of delivering a positive return for investors in May (FTSE/JSE Capped All Share -0.3%), with its lack of exposure to...
Most global markets advance on AI momentum, earnings strength, and peace hopes, but the JSE treads water in May
- Marco de Matos, Research
May was an exceptional month for global equity markets (MSCI World +4.6% MoM/+10.7% YTD), which extended April’s gains, defying historical seasonal trends (May is a...
SARB resumes tightening cycle as inflation risks intensify
- Dr. Lerato Ntuli, Economist
The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) raised the repo rate by 25 bpts to 7%, in line with our expectations, citing...
High-conviction strategies, ETF accessibility: Anchor Capital launches two AMETFs on the JSE
- Keiran Witthuhn | Reko Nare, Portfolio Management
Anchor Capital has listed two new actively managed exchange-traded funds (AMETFs) on the JSE, giving South African (SA) investors direct access to our high-conviction local...
SA April headline inflation rises to the upper end of the SARB tolerance band
- Lerato Ntuli, Economist
Data released by Statistics South Africa (Stats SA) showed that annual headline inflation, as measured by the Consumer Price Index (CPI), accelerated to 4.0% YoY...
April local commentary: JSE lags sharp global equity rebound as weak gold price weighs on miners
- Peter Little, Fund Managment
The JSE did enough in April (FTSE/JSE Capped All Share +1.6% MoM) to nudge the bourse back into positive territory for the year (+1.2% YTD)....
