Relativity in the investment world is as important as it is in the real world. Let’s use the Covid-19 pandemic as an example: South Africa and Italy both have a population of around 60m people. We know that Italy was one of the hardest hit countries in the world at the onset of the pandemic, and up to the end of 2020 they lost an average of 185 people per day to Covid-19. South Africa was hit just as hard but lost relatively fewer people to Covid-19 with an average of 100 deaths per day up to the end of 2020. Italy was more successful with their vaccination programme this year, however, and up to and including 16 August 2021 (according to the WHO), 31.4m people have been fully vaccinated.
Here, SA was relatively slower with the roll-out of its vaccination programme and over the same period, only 3.7m people were fully vaccinated. While Italy’s Covid-19 related deaths declined from an average of 181 per day at the beginning of this year to 47 per day over the past three months, SA’s death toll rose to an average of 215 per day for the whole of 2021 so far, with this figure now on the rise at a current average of 239 per day over the past three months. It’s therefore clear that the second and third waves have hit SA much harder than it hit Italy, and I would argue that is largely due to Italy’s successful vaccine programme.
Continue reading your story on the app
Continue reading your story in the magazine
How do I protect the value of my investments against inflation?
It is not easy to find the right balance, but a portfolio should be well-diversified and structured to the environment.
Expectation versus reality
Consider the potential outcomes when buying stocks.
Don't panic, but be cautious
The current energy crisis unfolding in the UK is an example of slow-motion market action. Will it resolve itself?
Keep retirement at bay
Why early retirement should not be an option for people.
Don't outlive your money
Make the right choices in retirement by keeping a keen interest in your post-retirement investments.
MTN IS BACK
It seems as if the MTN leadership is making the right calls. What can be expected from the company going forward?
Infrastructure development back on SA's economic priority list
Analysts agree that things are looking up for the construction sector and it is a buy.
Running out of fuel
There are a couple of factors driving global supply constraints. Where does it leave traders?
Rebuilding from the unrest
South Africa is exposed to an enormous economic security risk by concentrating most of its trade in KwaZulu-Natal, and the Eastern Cape offers an opportunity to deconcentrate trade.
The lure of retiring abroad
Dreaming of retiring in an exotic destination? Here’s what you need to know.