Prowess Investments Market Update 16th -23rd June 2025

Last week, the Israel-Iran war dominated news headlines, as the conflict drove a risk off sentiment in global markets, a trend that is likely to continue following US air strikes against three Iranian nuclear facilities over the weekend. Locally, the Financial Action Task Force (FATF) announced that South Africa has successfully completed all 22 action items from its grey listing Action Plan.

Prowess Investments Market Update 12th – 19th May 2025

Last week, S&P maintained SA’s credit rating, with a positive outlook despite rising unemployment. In the US, April CPI was softer at 2.3% y/y, but tariffs raised inflation concerns among Fed officials. Today, the focus shifts to President Ramaphosa’s meeting with President Trump, as he aims to ease SA-US tensions, and to Finance Minister Enoch Godongwana, as he tables a third version of the Budget in parliament.