Hello to you all….
Yet again, the year has flown by and we find ourselves in November – I like to think it is not age that makes time seem to go faster, but rather that we are all so busy that we no longer make time to stand still and savour the moments!
Reflecting on some of the years’ events, a few stood out more than others:
Who would have imagined that Cuba and the USA would finally end fifty-four years of hostility, and that we would see the Pope meeting with Raúl Castro in Cuba?
After a period of seventeen months, there was finally some debris from Malaysia Flight 370 washed up on the shores of Reunion island – a great discovery for the families awaiting answers and some form of closure.
Having been fortunate enough to visit Japan this year; the 70th anniversary of the 2nd World War bombing of Hiroshima was very pertinent and moving.
Not only do we see regular pictures of Mars, but they have also discovered that there is liquid water on Mars.
Geologists the world over are loving South Africa and our buried treasures!
And lastly, who would have imagined that the trusted VW brand would be involved in the rigging of diesel emission tests?
These are but a few of the interesting events that occurred during this year.
It is unfortunate that stock markets – both local and international – have performed poorly this year. Uncertainty regarding the Chinese economy, Greek volatility, and interest rate decisions in the USA, has caused global instability.
This year our Rand has also depreciated significantly, but has not performed as badly as many other emerging market currencies.
Fortunately, a number of Unit Trust managers used the volatility to their advantage. Their foresight prevented losses and resulted in our cautious and moderately invested clients achieving returns in excess of bank investments.
At times like these, one needs to tread cautiously before making any financial commitments.
On a positive note, most medical aid companies have announced single digit increases for 2016.
On behalf of all the staff at Jurgens Finance, I’d like to take this opportunity of thanking you for your continued support, which is very much appreciated.
I wish you and your families a happy and peaceful Festive Season and a profitable 2016.
|Short Term News … from Greg Brits