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Gensec Survey 2002

South Africa, along with many other countries of the world, is unlikely to be immune to the slowdown and uncertainty being experienced in the US, says this survey from Gensec Bank. The survey looks at the present economic climate in South Africa so that investors may ascertain whether this country is an attractive investment destination.

The key findings suggest that the biggest danger to the South African economy lies in the uncertain prognosis for the world economy. If the precipitate action of the Federal Reserve does not succeed in finessing a soft landing for the US economy and the markets continue to show the high volatility of recent months, then it would be expecting too much for the local economy, or for local markets, to continue to perform strongly out of step with world developments.
 
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Copyright ©  Gensec 2002

Gensec Bank is a leading South African investment bank, specialising as a wholesale provider of derivative-based risk management products to the savings industry. It is also a prominent arranger of debt and equity finance for corporates and is a manager of private equity funds. Through its proprietary trading desk the bank acts as a market maker in most South African financial instruments. Gensec Bank, which is wholly owned by Sanlam, has a primary and dedicated capital base. Please contact www.gensec.co.za