The Ewing Trust Quarterly News
Our Blue Chip South African-focused companies have performed satisfactorily and those with strong balance sheets and good cash flows have come to the fore in terms of investor focus.
Resources are particularly strong with mines experiencing a resurgence in demand as global growth and consumption return.
The JSE having been through a particularly volatile period with lows of 51684 being seen in October, ended the quarter on a positive note at 57091.
Economic activity in South Africa has slowly begun to return to some semblance of normality as businesses resumed production and lockdown regulations eased.
Weak economic growth and the havoc caused by the Covid-19 pandemic resulted in markets plummeting during this quarter.
Despite all the doom and gloom, we believe that the South African economy is showing some of the best value in decades.