The Ewing Trust Quarterly News

The last quarter under review has seen significant financial and political turbulence. Despite this, the JSE All Share Index demonstrated resilience, closing the February 2025 quarter at 85942.

The quarter ending November 2024 has seen an increasingly positive economic environment in South Africa with interest rates beginning to fall, inflation seemingly under control and foreign investment inflows

The quarterly period under review was mostly a positive one for South Africa incorporated, with the JSE ending on 83749

During the last quarter under review the JSE All Share Index rose to over 80,000. This, coupled with a relatively strong rand, shows that local and global investors were mostly positive about South African stocks.

The South African stock exchange ended the financial year on a satisfactory note. However, there is a significant divergence in the underlying performance between those that are rand hedged in nature and those that are South African incorporated and focused on the local business environment.

The local and global markets enjoyed some positivity, as central banks kept interest rates on hold. There is a glimmer of hope that inflation, globally, may be getting under control, which could in time, lead to interest rate cuts.