assumptions by economics – what to look for?. page 2 assumptions ► growth as measured by the gdp...

7
Assumptions by Economics – What to look for?

Upload: leon-caldwell

Post on 25-Dec-2015

215 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Assumptions by Economics – What to look for?. Page 2 Assumptions ► Growth as measured by the GDP ► Inflation and interest rates ► Asset Allocation ► Diversification

Assumptions by Economics – What to look for?

Page 2: Assumptions by Economics – What to look for?. Page 2 Assumptions ► Growth as measured by the GDP ► Inflation and interest rates ► Asset Allocation ► Diversification

Page 2

Assumptions

► Growth as measured by the GDP► Inflation and interest rates► Asset Allocation ► Diversification

5th Annual Audit Committee Conference

Page 3: Assumptions by Economics – What to look for?. Page 2 Assumptions ► Growth as measured by the GDP ► Inflation and interest rates ► Asset Allocation ► Diversification

Page 3

Global Outlook

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-8.0

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

3.03.84.9

GDP growth by region 1

World Transition economies Middle East & North Africa Sub-Saharan Africa

GD

P g

roth

(%

p.a

)

Source: Economic Intelligence Unit, March 2014

Page 4: Assumptions by Economics – What to look for?. Page 2 Assumptions ► Growth as measured by the GDP ► Inflation and interest rates ► Asset Allocation ► Diversification

Page 4

Emerging Markets

5th Annual Audit Committee Conference

2001 - 2010 2011 – 2015 : Forecast20

01 -

201

0

2011

- 20

15

China9.5

Nigeria6.8

Zambia6.9

Tanzania7.2

India8.2

Congo7.0

Vietnam7.2

Angola11.1

Rwanda7.6

Cambodia7.7

Nigeria8.9

Kazakhstan8.2

Ethiopia8.4

Myanmar10.3

China10.5

Chad7.9

Mozambique7.9

Ethiopia8.1 Mozambique

7.7

Ghana7.0

Page 5: Assumptions by Economics – What to look for?. Page 2 Assumptions ► Growth as measured by the GDP ► Inflation and interest rates ► Asset Allocation ► Diversification

Page 5

Listed Investments

5th Annual Audit Committee Conference

0

100

200

300

400

500

600

700

800

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Ind

ex:

3 J

an

2005

= 1

00 Murray & Roberts

Aveng

Group 5

JSE (Alsi)

Source: IDC, compiled from Bloomberg data

Share price trends of select companies and the J SE Alsi

Latest data: 23 June 2015

Page 6: Assumptions by Economics – What to look for?. Page 2 Assumptions ► Growth as measured by the GDP ► Inflation and interest rates ► Asset Allocation ► Diversification

Page 6

Asset Allocation

5th Annual Audit Committee Conference

60

80

100

120

140

160

180

1998 2000 2002 2004 2006 2008 2010 2012 2014

Ind

ex:

1998 =

100

Total Manufacturing

Motor vehicles & parts

Food & beverages

Chemicals

TV, radio &communicationequipmentWood & paper

Non-metallic mineralproducts

Electrical machinery

Base metals &machinery

Furniture & othermanufacturing

Textiles, clothing,leather & footwear

Source: IDC, compiled from Stats SA data

Manufacturing volume of production

Motor vehicles & parts

Textiles & clothing

TV & radio

Page 7: Assumptions by Economics – What to look for?. Page 2 Assumptions ► Growth as measured by the GDP ► Inflation and interest rates ► Asset Allocation ► Diversification

Page 7