The third quarter of 2022 draws to a close with monetary and military hawks prevailing, and financial markets nursing some of the worst setbacks in decades.
Russian President Vladimir Putin is set to host a Kremlin ceremony later today annexing about 15% of Ukraine, after what Ukraine and Western countries said were sham votes staged at gunpoint in Russian-occupied areas of Donetsk, Luhansk, Kherson and Zaporizhzhia.
Washington and the European Union are set to impose additional sanctions on Russia over the annexation plan.
In markets, the U.S. dollar is finishing the quarter with its reign unchallenged, even as a hot German inflation print has investors betting the European Central Bank will get more aggressive, Britain intervenes to shore up gilts and the pound and China girds for a heavier yuan defence.
The rand slipping past R18 to the dollar not even among the worst.
Later in the day, we will be told how much Japan spent last week defending the yen , and gauge how many rounds of ammunition it has left, given only $135.5 billion of its $1.3 trillion in reserves are held in the form of deposits.
That comes on the heels of hot weekly U.S. unemployment claims data which confirmed the Fed will stay on its aggressive monetary policy tightening path.


To put the week into perspective Michael Avery is joined by Warwick Lucas, Head ofGalileo Securities; Isaah Mhlanga, Chief Economist at Alexforbes & Raymond Parsons, Professor: School of Business and Governance at NWU

Despite attractively priced assets, the lure of remaining listed declining and a swift bounce back from Covid, Private Equity suffered its annus horribilus last year.
Private equity investments totalled R14.9 billion in 2021, a marginal increase from R14.5 billion in 2020.
But the number of deals was still the lowest since 2011, and the value is less than half of what the local industry attracted at its peak in 2018.
Fund raising remains tough for South African private equity GPs as evidenced by the latest SAVCA survey which shows that Funds Under Management increased by 5.6% to R206.2bn down from a 5.8% increase in 2020.

Michael Avery is joined by Langa Madonko, Investment Principal at Summit Africa and SAVCA Board Member
Siya Nhlumayo, Partner at Vuna Partners and Phathutshedzo Mabogo, Acting Chief Investment Officer of the Eskom Pension and Provident Fund

The fight to tame inflation has come at a cost, with the IMF saying that the uncoordinated hiking cycles, risks tipping the world economy into recession. Business Day Tv caught up with Old Mutual Wealth’s Izak Odendaal and he shared his take on the global hiking spree.

Total employment in South Africa has decreased. During the second quarter 119 000 jobs were shed, reflecting a 1.2% drop on a quarterly basis - this was mainly due to a decrease in jobs in construction as well as community and business services. Business Day TV unpacked the print with Chief Economist at Econometrix

Coming off a Covid-19 led low base and boosted by the recovery in earnings for most of the group's underlying investee companies. Remgro has managed to deliver a robust recovery, with most financial metrics ahead of pre-pandemic levels.
Business Day TV unpacked the performance in greater detail with company's CEO, Jannie Durand.

Global bond markets have taken strain, hitting lows last seen in 1949. Business Day TV discussed the factors driving these markets lower is James Turp from Absa Asset Management.