Heritage Pay

13/11/2022

Gold . . .

26/10/2022

Big deals are discussed on the golf course. But thanks to ZimGoldFields Investment Brokers, and our sponsors, you don't need to be a golfer to attend the upcoming Africa Investment Strategy & Networking Event!

The purpose of the event is to bring together like-minded people who recognise 3 main trends:

1. The UK economy faces a "profound economic crisis" - not my words but those of the new Prime Minister, Rishi Sunak. A combination of issues including Brexit, inflation, Russia-Ukraine war, an uncertain political climate; and many others slowly chip away at all the things that made the UK great (Moody's: UK's Economic Outlook Downgraded to 'Negative').

2. Global geopolitical forces are shifting; creating a climate in which growth favours production of commodities (medicines, gold, food, energy and other products with a universal demand (Forbes: Russia’s Move To Gold May Jolt Your Company)
This is a distinct shift of both growth and dominance away from economies such as the City of London that have been built on the back of trade in obscure financial services that few ordinary people use, let alone understand; to the producers of “real things” (commodities).

3. Africa is the next big thing (Washington Post: How Africa Will Become the Centre of the World’s Urban Future. To win in this fast-emerging economy (as described in points 1. & 2. above), businesses that enter this arena must:

o be future-focused;
o pursue a high-growth strategy;
o be led by a professional management team;
o make a large investment in order compete globally;
o be scalable through intelligent use of the latest technology for that industry;

The big question is: How can ordinary people participate in this emerging economy? Part of the answer lies in: strategy.

The Africa Investment Strategy & Networking Event aims to get this conversation started and discuss a “participation strategy” that works for everyone. So we have lined up 3 Keynote Speakers – all experts - a Chartered Accountant, a Lawyer and an Economist.

30/09/2022

Economic update.

CALMER WEEK Sterling markets stabilised over the past week, but the outlook remains uncertain. The pound had fallen to a record low of $1.04, partly reflecting broader US dollar strength, but it has subsequently recovered above 1.10 to levels before the Chancellor delivered his Growth Plan. It has a...

23/09/2022

Economic update

STERLING CRASH Sterling crashed through the psychologically significant level of 1.1000 on today’s fiscal event. It had initially rallied on the biggest tax cut since the 1980s, but subsequently fell hard as the UK gilt market reacted to the prospect of a heavy new supply slate. Sterling has been ...

16/09/2022

Economic update

MARKETS REMAIN FOCUSED ON INFLATION RISKS Another volatile week in markets saw equities first rise but then slip after a worsethan-expected US August inflation report on Tuesday. That showed annual US CPI inflation down modestly from July, reflecting lower petrol pump prices, but the fall was less t...

12/08/2022

Economic update

MARKET HOPES LIFTED BY LOWER US INFLATION Global equities have had another strong week buoyed by lower-than-expected US inflation. That boosted hopes US interest rates may not have much further to rise. The US dollar also slipped on the news but the response from the US bond market has been more cau...

05/08/2022

Economic update

BANK OF ENGLAND DELIVERS SOMBRE ECONOMIC ASSESSMENT In the UK, the Bank of England’s Monetary Policy Committee delivered a downbeat message about UK economic conditions alongside its latest interest rate hike. In contrast to Fed policymakers, who are still saying it is possible for the US economy ...

29/07/2022

12% inflation! >insert facepalm here

GET READY FOR 12% INFLATION BY OCTOBER In the UK, the key event of the week will be the latest update from the Bank ofEngland’s Monetary Policy Committee (MPC). A sixth successive increase in Bank Rate is widely expected, but there is some uncertainty over the size of the move. Market consensus fo...

22/07/2022

Economic update.

FED UP YET AGAIN WITH MORE TO FOLLOW Next Wednesday’s US monetary policy update is likely to be the key event of the coming week for markets. The announcement of a fourth successive interest rate increase is seen as a near certainty. However, there is some doubt over the size of the increase. The ...

15/07/2022

Economic update