South African (SA) property had a strong month comfortably outperforming all asset classes. This was followed by SA equity which was boosted mainly by the Financials sector (of which SA Real Estate forms a part). Global bonds (ZAR) performed worst as global bond yields rose slightly affecting longer duration bonds. SA bonds had a good month with the longer end of the yield curve rallying resulting in a flatter yield curve. The SA rand originally weakened over the month but then moved into a strong strengthening trend since the latter part of August.

Source: PortfolioMetrix

SA PROFILE PERFORMANCE