Growth in satellite internet and advances in infrastructure are turning space into a practical global asset.

Episodes of Rand strength tend to generate optimism that outstrips their durability. Each time the currency appreciates meaningfully, like the recent break below R16/USD in January 2026, the same question arises: Has something fundamentally changed? In this edition we look at how history suggests that’s rarely the right question. The more useful one is whether the forces shaping the Rand’s long-term direction have shifted. At present, there’s little evidence that they have.

Luxury investments are no longer just symbols of prestige — they’ve become a resilient asset class in their own right. As traditional markets face ongoing volatility, investors are finding stability and opportunity in tangible assets like fine art, collectible cars, rare wines, and high-end watches.

In this edition, we unpack how luxury investments continue to demonstrate strong performance, driven by scarcity, craftsmanship, and sustained global demand. We also explore how these exclusive assets can form part of a well-diversified portfolio — offering both financial value and lasting personal enjoyment.