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| Where I Am? | Viewer ==> THE KNOCK-ON EFFECT OF INFLATION AND INTEREST RATES IN OUR DAILY LIVES | |||||||||||||
Prescient Asset Management |
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| Prescient Asset Management | Q3 of 2023 | 3 years ago |
In South Africa, along with our usual burdens, one of which is continued load-shedding, we also have to contend with seemingly ever-increasing interest rates. Last week, the South African Reserve Bank (SARB) elected to increase interest rates again. This was the seventh consecutive increase in the previous 12 months, leaving interest rates at pre-pandemic levels. So, what is driving their decision to increase rates, and how do these interest rate hikes ultimately affect us as consumers?
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Alex Forbes entered the collective investments industry by acquiring the the asset manager Investment Solutions in late 2010s.Asset manager Prescient Asset Management was founded by the Guy brothers Herman and Toms.Ninety One Fund Managers derived their name from the year it was founded, 1991, initially called Investec Asset Management. |
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| Our unit trusts prices captured in and around the end of each month and are rounded off to the nearest full 1 cent. |