Market update

Since the last Market review in May the world reacted very strange. We still hear of the war from time to time but our All-share Index seams not to be bothered by that. Our ALSI moved from 64000 to 70000 points during this time.

Irrespective the announcement of
1) the increase of 0.75% in the Bankrate and
2) the increase in the inflation rate to 6.3%

To set the records straight – this was not at all bad news. Since the last review and the Glacier fund fact sheet, I attached, the funds and our investments took ‘n slight dip and recovered soon after. Please see the new sheet attached here.

As a matter of interest our citrus exporters struck a new arrangement on product regulations a few weeks ago. This was after Europe set new unattainable rules on imports. The citrus export to Europe is serious business.

Traditionally this is the time of the year the investments growth tends to pick until deep in the new year. Let us be hopefully patient that this will be that case again this year.