|US Equities||S&P 500||-9.51%|
|UK Equities||FTSE 100||-10.87%|
Yes, the global equity markets fell the most in one day in more than 20 years, but this is still not the end of world. The Sasol share price is now down 95% from a year ago, but this does not mean the company is going under, it will survive. The reasons for these massive price selloffs are panicked selling by people as they come to grips with the restrictions on travel, schools and colleges closing and world leaders becoming infected with the virus. Yes, this will have a negative affect on global GDP, but it is important to note that this is not a financial crisis, the financial system is not broken as it was in the 2008 Global Financial Crisis. The market will recover.
We remain invested and we will see this through. We will not make rash decisions in the midst of a hysterical market and we caution our investors to do the same. If you can, stop looking at the financial press, it is not helping you. If you can’t, then focus on the positive: this is a once in a generation buying opportunity.