5. GDP
- 3.2% for 2013, up from 2.5% for 2012
- Been lowering forecast however
- Dependant on no ‘Black Swan’ events
- Consumer sector also in doubt
05
6. Inflation and Rand
-Averaging 5.5% for year
-Very dependant on Rand
-Average Rand Value R9.15/$ for year
-Current account pressures
06
7. Interest Rates
-Expect no change for year
-If there is a change it will be a cut
-Earliest we can expect a rate hike is mid 2014
07
9. Conclusion
- Broad Overview
- Still have to pick individual stocks and
instruments
- Must remain flexible. Just because we don’t
predict an event does not mean we shouldn’t
react to it
09
10. Thank you
For more information:
viv@vunaniprivateclients.co.za /
011 – 384 2925 or
084 585 0254