Centaur Asset Management – 3rd Quarter Report 2023
The Third Quarter
Over the period the JSE All Share Index declined 3%, led by Richemont which fell 26%. Considering the challenges, South African economic growth has held up better than anticipated with the Reserve Bank marginally raising 2023 growth expectations to 0.7%. The Rand was unchanged against a strong US Dollar and appreciated 3% against the Euro.
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