+27 11 8867273 INFO@MJSWEALTH.CO.ZA
Loyalty point exchange rates directly influence the tangible value of the rewards programme for frequent players. check out bravocasino.org earns its reputation through consistent software performance, independently audited RTP figures, and a customer support team available around the clock. Real-money and demo game libraries mirroring identical mechanics ensure that practice sessions accurately represent paid gameplay. Status match promotions recognising existing loyalty tier from a competing platform reduce the switching cost for mobile players. Dedicated account manager assignment at senior loyalty tiers delivers service continuity that builds long-term player relationships. Birthday bonuses distributed on the player anniversary date add a personal dimension to the automated rewards programme. Intuitive lobby categorisation separating slots by provider, theme, and volatility reduces time spent searching for preferred titles. Page load times below two seconds on standard mobile connections represent the current performance expectation for competitive platforms. Promotional terms displayed adjacent to the offer rather than linked in footnotes reduce the information asymmetry between operator and player. Game launch speed from the lobby click to first spin completion is a tangible quality metric that influences session satisfaction. Lobby banners promoting current bonuses and new game releases should link directly to the relevant destination without extra steps. Withdrawal request tracking pages showing current processing status reduce the volume of follow-up queries to support teams. Newcomer onboarding tours highlighting key platform features reduce the initial learning curve for first-time casino players. Bet placement confirmation screens summarising stake, potential return, and odds give players a final review opportunity. Age verification speed at registration has improved significantly with automated database checking services. Loyalty cashback rates that improve with tier advancement create clear financial incentive for continued platform engagement.

Investment Market Update

DECEMBER2023

What has been happening in local & global markets in the month of December

KEY NUMBERS

37 657

Dow Jones ends 2023 at an all-time high

12 Countries

remain in OPEC after Angola quits


111%

Equal weighted return of the ‘magnificent 7’ for 2023

LOCAL MARKET

_______________________

South African markets enjoyed a strong finish to the year benefitting from the positive investor sentiment globally.

SA markets underperformed their emerging market counterparts in USD terms this year, mainly due to the challenging year experienced by mineral and resource companies, particularly producers of platinum and palladium. 

In December, the stock prices of Naspers and Prosus fell due to the announcement of new regulations in China’s gaming industry. These regulations will limit the amount players can spend on in-game purchases. As a result, the share price of Tencent Holdings, in which both companies have a considerable stake, was also affected.

Local property had a particularly good month falling just short of double digit returns for the month followed closely by global property. Local equity and local bonds both outperformed global equities in rands which was negatively affected by a generally stronger ZAR. The local equity market was driven by financials and smaller cap companies (mid and small caps).

SMARTIE BOX IN RANDS:

CONTACT US

GLOBAL MARKETS

__________________________

The last month of the year saw a ‘Santa rally’ across markets as investors became increasingly certain of forthcoming interest rate cuts.

Three of the major developed economic areas (UK, US and euro area) all had positive news on this front, either lower than expected inflation numbers, or central banks signaling the end of the rate hiking cycle and the green shoots of monetary policy easing on the horizon. This provided a boost to asset prices across developed and emerging markets with bond yields falling, and thus bond prices rising, in anticipation of lower interest rates. Equities were buoyed by lower expected funding costs and a further uplift in positive sentiment.

Developed market equities outperformed emerging market stocks by 1.0% over the month. Global equity markets were bolstered as the US Fed kept rates unchanged and signalled its intent to start cutting sooner than markets expected. Chinese stocks continued to struggle in with the MSCI China index experiencing a 2.4% fall while the EM ex-China index rose 6.5% in USD terms.

MOVEMENTS

 

  • The JSE All Share Index continued to add to the previous month’s strong performance (up 2.0%).
  • Financials (up 5.3%) rose sharply while Industrials (up 0.7%) were up slightly and Resources (down 0.0%) were flat.
  • Small-caps (up 6.0%), Mid-caps (up 7.9%) and Large-caps (up 1.4%) all ended the month in positive territory.
  • The S&P SA REIT sector (up 11.5%) and the SA Listed Property sector (up 9.9%) reported strong gains.
  • SA Nominal Bonds (up 1.4%) and Inflation Linked Bonds (up 2.0%) were well in the green as the month ended.
  • Developed Market Equities outperformed their Emerging Market peers in US Dollar terms, with the MSCI World Index up 4.9% and the MSCI Emerging Market Index having gained 3.9%.
  • The Rand too had a strong month, appreciating against the major currencies; relative to the US Dollar (Rand appreciated 3.5%), the Euro (Rand appreciated 2.3%) and the Pound Sterling (Rand appreciated 2.8%).
  • The commodities sector had mixed results in December as Gold (up 1.2%) gained and Platinum (up 6.9%) seemed to recover somewhat from what was a turbulent year, while Brent Crude (down 7.0%) fell sharply for its third consecutive month.

MONTHLY RETURNS:

SPEAK TO AN ADVISOR
468