Unpacking the news to better understand the impact of current events on your personal finances.
The third quarter of 2023 was not the greatest for the top 40 companies on the JSE as 23 of the top 40 companies were in the red. This was due to elevated interest rates, rail issues and continuous load shedding, resulting in a decrease in performance across most sectors.
![What's the Level of Financial Literacy in South Africa? [+ financial literacy quiz]](/blog/content/images/size/w600/2023/09/financial-literacy.png)
Although the latter found that 42% of South African adults were financially literate (placing us 3rd in Africa and 39th overall out of 137 countries), the SASAS study revealed a declining trend in the percentage of questions answered correctly (scores improved in only one of five categories).
As at the 31st of July, the Satrix 40 ETF closed at R73.53. That’s an increase of 3.2% over the past month (R71.27), and while it’s just not quite (K)enough to surpass that 10% mark, that means an impressive 9.3% increase from the beginning of the year (R67.28).
Our quarterly update tracks the performance of the Satrix Top 40 ETF. At the end of the second quarter of 2023, the fund closed at R71.27 (+0.17%). Let's see why.
As at the 31st of May, the Satrix 40 ETF closed at R70.72. That’s a decrease of 3.4% over the past month (R73.22). However this is still an increase of more than 5% from the beginning of the year (R67.28).
The first quarter of 2023 was mostly good for the top 40 companies on the JSE: 21 of the top 40 companies saw gains (growth). This was due to promising financial results and positive outlooks for the rest of the 2023 year.
Social media influencers have brought a new form of grifting into the mainstream They are using their influence to take advantage of their followers.
Silicon Valley Bank's collapse and bank run gives us a good opportunity to unpack bank runs and what you can do to mitigate your exposure.
The contents of the budget speech affect the entire country, not just a select few. We've broken down some key notes for the everyday South African.
