US ELECTIONS 2024
Dear Client
Welcome to our November 2024 edition of FC Viewpoint.
IN THE NEWS:
- The JSE All Share Index is up by 5% since our previous newsletter. The Index is on 84 772 on 11 November 2024.
- 1 US Dollar will cost you R17.95; 1 Pound = R23.06 and 1 Euro = R19.11.
- Annual consumer inflation (CPI) is at 8%.
- The prime lending rate in SA is 50% per annum.
- The price of Oil is $72 per barrel.
- Donald Trump is to be the 47th President of the United States.
- US FED cut rates by 0.25% to 4.75% in the second cut of 2024.
- Analysts are expecting a 0.25% cut in interest rates on the 21st of November.
THIS MONTH’S TOPIC: US ELECTION
For South Africa, Trump’s policy direction likely holds only secondary implications. However, his ‘America First’ approach, if followed through with vigour, will disrupt global markets and trade relationships, potentially causing ripples in South African export and commodity markets.
However, if Trump’s policies can accelerate growth in the US, the knock-on effect may be a lot more positive than many economists believe.
President Cyril Ramaphosa and US president-elect Donald Trump could find themselves at the same table in South Africa as the country prepares to host the G20 Summit next year.
TO CONCLUDE
We, at FC Wealth and Investments, are passionate about financial control, helping our clients to get control over their financial matters, keep control, understand their spending and to build lifelong wealth in the process.
We would like to invite you, to make us part of your financial journey, in good and in challenging times and every life changing event in between. Feel free to call us, or to book a physical or online meeting. We are here for you.
Wealth regards,
Fanie Jansen Van Vuuren CA (SA), CFP®
Director: FC Wealth and Investments (Pty) Ltd
E: [email protected] | T: 083 384 5868
W: www.fcfin.co.za
Suite 51, Block E,
