A recap of the recent budget speech. Overall, the government is aiming to reduce the budget deficit and stabilise the debt-to-GDP ratio. Over the past year, the budget deficit has doubled and the shortfall in revenue is approximated at R 213.2 billion. At current levels, this number is projected to increase, resulting in financing costs of R 338.6 billion for the 2023/2024 period. The Treasury has noted this fact and have based their strategy thereon with the aim to “return public finances to a sustainable position”.

The GameStop saga has captured the attention of market watchers and commentators the world over. Benjamin van Wyk, CFA, breaks down the event.

Welcome to 2021, the year in which hindsight will, for once, actually be 2020! In this month’s newsletter, Benjamin van Wyk, CFA, discusses asset allocation and provides general updates on Pyxis’ developments.

Benjamin van Wyk, CFA, looks at what might happen post the recent U.S. Election. This is also our last newsletter for the year.