Shocktober

As South Africans cheer the incredible performance of the Springboks and a record fourth Rugby World Cup title, they might forget the fact that October has been a lousy month for investment returns, particularly South African equities. In fact, it has been a bad year, with 2023-to-date returns on the FTSE/ JSE Capped SWIX Index under water with only two months and two days left to go.