Despite a year of political turbulence, the global economy has shown remarkable resilience. Growth remains steady, supported by AI investment, a softer dollar and rate cuts from major central banks. Even as inflation edges higher, the US Fed continues to tread carefully, while a temporary trade truce between the US and China offers some relief to global markets.
Closer to home, South Africa’s economy is holding firm. Strong consumer activity, falling inflation and progress in governance, reflected in the country’s removal from the FATF grey list, have boosted confidence.
Markets echoed this optimism in October, with US equities touching new highs. The JSE extended its winning streak to eight consecutive months, with financials and industrials leading the charge.