Navigating uncertainty: Lockdowns and downgrades

Reza Hendrickse. portfolio manager, PPS Investments</span>Investors have recently witnessed a sudden and dramatic shift in the investment landscape, with the unfolding Covid-19 crisis globally, and locally, South Africa’s recent credit rating downgrade to junk, weighing on investor’s minds. Furthermore, the negative oil price shock has also contributed to extreme levels of risk aversion across the globe. This has led to a spike in volatility, with some stock markets around the world suffering their fastest 20% drop ever.
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