The week in perspective
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In an extraordinary week for South Africa's institutions which saw the Reserve Bank celebrate its centenary as pillar of strength free from political interference, so too did the country's apex court reaffirm the country's commitment to the rule of law and the equality of all before it. That still hasn't stopped the ANC from summoning former president Zuma to an NEC meeting this weekend where seemingly it will decide whether it stands with Jacob Zuma or in defence of the judiciary.
Chinese shares dropped this morning, a day after China's Communist Party celebrated its centenary, while other regional markets held firm following Wall Street's ascent to record highs ahead of U.S. jobs data due out later in the day. And while South Africa is expected to grow around 4% this year the IMF released a forecast overnight forecasting growth of 7% for the US, the world's largest economy.
Fore more on these topics, Michael Avery is joined by Warwick Lucas Chief Investment Officer at Galileo Asset Managers & Richard Calland, associate professor in public law at the University of Cape Town and a founding partner of the Paternoster Group.
Chinese shares dropped this morning, a day after China's Communist Party celebrated its centenary, while other regional markets held firm following Wall Street's ascent to record highs ahead of U.S. jobs data due out later in the day. And while South Africa is expected to grow around 4% this year the IMF released a forecast overnight forecasting growth of 7% for the US, the world's largest economy.
Fore more on these topics, Michael Avery is joined by Warwick Lucas Chief Investment Officer at Galileo Asset Managers & Richard Calland, associate professor in public law at the University of Cape Town and a founding partner of the Paternoster Group.
