South African Equities

Local markets closed lower by 0.5%, as resources continued to decline, with the resources index lower by 5.9%. This softening was on the back of weaker miners, especially coal miners. Other sectors produced a mixed bag, with industrials up by 2.2%, property down by 0.1%, and financials down by 1.6%.

On the economics front, the local inflation number printed at 2.9% YoY in November, a marginal uptick from October’s 2.8% YoY, but still below the SARB target range of 3% - 6%. Core inflation eased in November to 3.7% YoY vs the 3.9% YoY print in October.

The below FSCA regulated companies, who conduct asset management and investment services, are owned by Orion Investment Managers (OIM). These subsidiary companies operate in a number of different jurisdictions, and each provides investment management and products to their clients. Orion Investment Managers, is, in turn, owned by Spirit Invest International, which owns a portfolio of companies in the investment sector...
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