Despite these risks, investing offshore remains a prudent investment strategy for South African investors, particularly given the weak rand.
The World Economic Forum “Global Risks Report 2023” highlights soaring inflation as the major risk facing global markets in the year ahead as it drives a global cost of living crisis and forces a shift in monetary policy.
“As demand softens and supply chain bottlenecks ease, global inflation is expected to ease from an estimated 7.6% in 2022 to 4.7% in 2023,” says Philip Robotham, head of intermediary at Schroders South Africa. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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