There has been a lot of speculation regarding the future of trade agreements involving the USA. President Trump mentioned during his election campaign that tariffs of between 5% and 45% could be levied by his administration on imports from countries such as China and Mexico. A full-scale trade war with the USA’s trade partners levying similar tariffs on American imports, could likely lead to a global recession…
Money in the South African context can be defined as any tangible or intangible thing that functions as a means of exchange or debt settlement, a measure of value, a unit of account or as a store of value…
The recent credit rating downgrades to “sub-investment” grade by Standard & Poor’s and Fitch, a level often touted as “junk”, raises the question as to what these terms mean for an investor. “Junk”, however, is not the word used by the credit agencies, but merely a label developed among regulated investors who are not permitted to invest beyond “investment grade” securities or countries. And yet the word carries tremendous weight and emotional currency, most of which is an inaccurate reflection of what investment grade or sub-investment grade actually means…
