5 events that hit your pocket hard in 2016
These were, according to Citadel Chief Strategist Dr Adrian Saville, the five biggest money moving events from 2016:
Trump and Brexit
Ratings agencies vs Zuma
Pravin Gordhan vs State Capture
Recovery of commodity prices
The Money Show’s Bruce Whitfield interviewed Saville.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
Both Trump and Brexit were poor decisions. Bad for the economies and bad for the broader world market.Dr Adrian Saville, Citadel
We deserve to be downgraded.Dr Adrian Saville, Citadel
Ratings agencies have given us the benefit of the doubt. We’re squandering it under the leadership of Jacob Zuma.Dr Adrian Saville, Citadel
It’s not only Eskom that’s, arguably, been captured. There is also municipal capture.Dr Adrian Saville, Citadel
South Africa carries incredible institutional strength and resilience.Dr Adrian Saville, Citadel
The improvement in commodity prices adds at least 1% of economic growth to South Africa next year.Dr Adrian Saville, Citadel
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