The JSE All Share isn’t alone, and neither is the rand
For investors on the JSE looking on in despair, you aren’t alone. These are extraordinary times globally. Ingham Analytics gives international context to what we are witnessing. They observe that the All Share Index rout isn’t out of line with many other markets whilst relative to peers the rand has held up quite well – a statement that may seem counterintuitive to South Africans forking out R18 for a US dollar. Ingham Analytics also point to recent sober credit analysis from Moody’s, the ratings agency, that lends some refreshing calm to the debate. Is there bounce back potential? What about global GDP? What about credit markets and the impact on equity markets?
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