NORTHSTAR MARKET REPORT DECEMBER 2015
Our role as advisors is to provide advice that excludes emotional biases and is founded on the facts. The following paper, researched and published by boutique asset manager, Northstar Asset Management, cuts through the noise. It is a concise, well-articulated view, that provides a sufficiently detailed, yet easily accessible analysis of the topic.
MARKET UPDATE DECEMBER 2015
South African Market:What a month for South African investors! We had three finance ministers in four days, Fitch downgraded SA to a BBB credit rating (the lowest investment-grade rating) and Moody’s changed the outlook on SA’s credit rating to “negative” from “stable”, citing persistent low growth and a growing risk of spending targets being exceeded due to political pressure, as the main reasons behind the move.