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August 2025
Adriaan Pask
PSG Wealth
Wall Street ended the week on a high note, with the S&P 500 up 0.80%, the Nasdaq climbing nearly 1% to notch a second consecutive record close, and the Dow adding 206 points on Friday. Technology shares led the gains, driven by a 4.20% jump in Apple after it announced a $600 billion US investment plan, lifting the tech-heavy Nasdaq. Sentiment was further boosted by growing expectations of Federal Reserve (Fed) rate cuts, after President Trump nominated Stephen Miran to the Fed Board—seen as a signal of potential policy shifts—despite lingering concerns over new tariffs on imports from multiple countries. For the week, the S&P 500 climbed 2.40%, the Dow rose 1.40%, and the Nasdaq surged 3.90%.
European stocks ended the week with strong gains, supported by upbeat corporate earnings and optimism over potential progress in the Ukraine–Russia conflict. The STOXX 50 added 0.40% on Friday, up 3.60% for the week, while the STOXX 600 rose 0.30%, a weekly gain of 2.20%. Markets also absorbed the effects of President Trump’s newly announced retaliatory tariffs and evolving trade dynamics, alongside speculation about potential policy measures from the European Central Bank.
Mainland Chinese stocks eased on Friday as investors awaited key inflation data that could provide fresh insight into the health of the world’s second-largest economy. Sentiment was tempered despite Thursday’s trade figures showing July exports surging well above expectations, driven by a rush to ship goods ahead of the US tariff deadline. Imports also rose to their highest level in a year, pointing to stronger domestic demand. The Shanghai Composite slipped 0.12% to 3 635 points, while the Shenzhen Component fell 0.26% to 11 129. Hong Kong stocks also slipped on Friday, snapping a four-day winning streak as broad-based losses weighed on the market. The Hang Seng shed 0.90% to close at 24 859 points.
Turning to South Africa, the FTSE/JSE All Share Index gained about 0.20%, closing near 100 855 points. The local market was supported by stronger resource and industrial stocks, boosted by rising gold and platinum prices. Meanwhile, financial shares showed caution ahead of the upcoming quarterly GDP release. The rand showed modest strength, briefly dipping below R17.75 to the dollar before easing back, as investors balanced improved risk appetite with cautiousness ahead of key domestic data releases. For the week, the local bourse gained approximately 1.50%.
Gold futures surged to a record high on Friday after reports emerged that the US government imposed tariffs on imports of 1kg gold bars. While this move aims to protect domestic producers, it has sparked concerns over higher costs and potential supply disruptions in the precious metals market. Meanwhile, spot gold remained steady at $3 397.85 per ounce at 18h00 local time, after reaching its highest level since 23 July earlier in the session. The tariff news has added to existing market uncertainties, driving demand for safe-haven assets. As a result, gold is positioned for a second consecutive weekly gain amid ongoing tariff tensions and growing expectations of US interest rate cuts. US gold futures rose 1.10% to $3 490.70, having touched a record peak of $3 534.10.
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Date | Index | Current Level | 1 Day Move | 1 Month Move | 6 Month Move | 1 Year Move |
---|---|---|---|---|---|---|
2025-08-08 | ALSI | 100643.36 | 0.49 | 3.42 | 17.09 | 29.61 |
2025-08-08 | Basic minerals | 62935.88 | 1.02 | 12.30 | 40.26 | 50.72 |
2025-08-08 | Fin + Ind 30 | 12830.08 | 0.31 | 0.70 | 11.21 | 24.19 |
2025-08-08 | Financial | 52305.23 | 0.06 | -0.32 | 6.44 | 16.08 |
2025-08-08 | Industrial index | 147060.66 | 0.50 | 1.29 | 14.24 | 30.25 |
Some data may be delayed, the above table reflects the latest information available from Morningstar.
Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month.
Morningstar Category | Fund name | NAV (Rands) at | Performance –As at | |||
---|---|---|---|---|---|---|
1 year % | 3 year % | 5 year % | Inception % |
Performance data on local funds is shown up to the last market close minus 1 day.
Some data may be delayed, the above table reflects the latest information available from Morningstar.
Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month.
Through our tried-and tested investment philosophy, we have built competitive global solutions to help clients achieve their investment goals.
The following funds are rand-denominated, but invest internationally:
Morningstar Category | Fund name | NAV (Rands) at | Performance –As at | |||
---|---|---|---|---|---|---|
1 year % | 3 year % | 5 year % | Inception % |
Performance data on offshore funds is shown up to the last market close minus 2 days.
Some data may be delayed, the above table reflects the latest information available from Morningstar.
Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month.
The following funds invest internationally using foreign currency
Morningstar Category | Fund name | NAV (Rands) at | Performance –As at | |||
---|---|---|---|---|---|---|
1 year % | 3 year % | 5 year % | Inception % |
Performance data on offshore funds is shown up to the last market close minus 2 days.
Some data may be delayed, the above table reflects the latest information available from Morningstar.
Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month.
Fund display name | Performance –As at 2025/08/08 | |||
---|---|---|---|---|
1 year % | 3 year % | 5 year % | Inception % | |
PSG Wealth Income Growth Equity Portfolio | 15.07 | 10.91 | 11.55 | 3.97 |
PSG Wealth Offshore Equity Portfolio (USD) | 12.33 | 9.22 | 9.09 | 11.12 |
PSG Wealth SA Equity Portfolio | 27.36 | 10.93 | 11.18 | 6.03 |
PSG Wealth SA Property Equity Portfolio | 24.68 | 17.72 | 18.17 | 0.94 |
* PSG Wealth equity portfolio performance are shown gross of management fees, but net of brokerage and other trading costs.
The House view portfolios are bespoke solution portfolios and not part of the Collective Investment Schemes’ portfolios.
Date | Company | Share code | Expectation |
---|---|---|---|
13 August 2025 | Adcorp Holdings Limited | ADR | Cash Dividend |
13 August 2025 | Investec Limited | INL | Cash Dividend |
13 August 2025 | Investec Plc | INP | Cash Dividend |
13 August 2025 | Karoooo Limited | KRO | Cash Dividend |
13 August 2025 | Mustek Limited | MST | Tender Offer |
13 August 2025 | Omnia Holdings Limited | OMN | Cash Dividend |
13 August 2025 | Omnia Holdings Limited | OMN | Special Cash Dividend |
13 August 2025 | Assura Plc | AHR | Special Cash Dividend |
The information above is to the best of our knowledge correct.
The Corporate Actions are updated weekly.
Collective Investment Schemes in Securities (CIS) are generally medium-term to long-term investments. The value of participatory interests (units) may go down as well as up and past performance is not a guide to future performance. Collective Investment Schemes are traded at ruling prices and can engage in borrowing and scrip lending. A schedule of fees and charges and maximum commissions is available on request from PSG Collective Investments (RF) Limited. Commission and incentives may be paid, and if so, are included in the overall costs. Forward pricing is used. The Portfolios may be capped at any time in order for them to be managed in accordance with their mandate.
Performance is calculated for the portfolio and individual investor performance may differ as a result thereof. Different classes of participatory interest can apply to these portfolios and are subject to different fees, charges and possibly dividend withholding tax and will thus have differing performances. Annualised performances show longer term performance rescaled over a 12-month period. Individual performance may differ as a result of initial fees, the actual investment date, the date of reinvestment and dividend withholding tax. The portfolio is valued at 15h00 daily. Income distributions are net of any applicable taxes. Investment performance data is for illustrative purposes only. Actual performance figures are available on request. Always refer to the fund fact sheet (Minimum Disclosure Document) for full details, fees and risks of the fund.
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