Given how tough global markets have been it is quite remarkable that for 2022 both the FTSE/JSE All Share Index (Alsi) and the All Bond Index (Albi) produced positive returns.
We think that both local equities and bonds are still attractively priced, and that investors should get a decent return from them almost regardless of how the South African economy performs. It won’t require a big bounce-back from the economy to achieve, as markets are still pricing
