In this weeks investment note by Old Mutual Wealth Investment Strategist, Izak Odendaal, he Explores the intricate tale of South Africa's modern economy, intertwined with Anglo American's legacy from diamond rushes to global ambitions, and the challenges and opportunities shaping its mining landscape.

Schroders strategic advisor General Sir Nick Carter and various Schroders economic and investment experts share views on the reasons behind the escalating risks as well as the impact for investors.

From the looming threats of a formation of a coalition government with some calling that a sign of a maturing democracy to trump calling for the end of the Bidenomics and the reintroduction of the Maganomics, all these political dribbling’s are expected to have a marked impact on our markets. So where does this leave asset managers?

Roné Swanepoel, Head of Sales at Morningstar South Africa who shares insights on Compound Interest and The Rule of 72, painting a compelling picture of the importance of saving, and in particular, saving early on.

The World Gold Council’s Q1 2024 Gold Demand Trends report reveals that total global gold demand (inclusive of OTC purchases) was up 3% year-on-year to 1,238t, marking the strongest first quarter since 2016. Demand excluding OTC fell 5% to 1,102t in Q1 compared to the same period in 2023.

The Federal Reserve is unlikely to cut rates as previously expected in June and it is now a close call whether it will cut at all in 2024. Heightened risks in the Middle East add a further element of uncertainty.