Category Archive: 3.) Investec

Real Swiss salaries up most in 5 years

On 30 April 2021, Switzerland’s Federal Statistical Office released salary data for 2020 which showed a 1.5% rise in real salaries compared to 2019. © Suwat Supachavinswad | Dreamstime.comIn 2020, a 0.8% rise in nominal salaries was boosted by inflation of -0.7% bringing the total increase in the real average Swiss salary to 1.5%. The last time salaries rose this much was in 2015 when the real increase was 1.5%. In both 2015 and 2020...

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Minimum wage hurting young people in Swiss canton

Around three years ago, the Swiss canton of Jura introduced a minimum wage of CHF 20 an hour (US$ 21.65). Now there is political pressure relook at the move, according to RTS.

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Swiss bankruptcies fell by 7 percent in 2020

In 2020, the Covid-19 pandemic hit the Swiss economy. GDP fell by 2.9% compared to 2019. However, despite the fall in economic output the number of bankruptcies fell by 6.7% compared to 2019.

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Farming lobby hurting Swiss chocolate sector, says industry association

Swiss chocolate sales went into steep decline in 2020, according to ChocoSuisse, Switzerland’s chocolate industry association. The amount of chocolate produced in Switzerland in 2020 was 10% lower than in 2019 and sales revenue was down by 14.5%, a sharp drop.

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Swiss parliament demands cabinet reopen restaurants and theatres

A recent parliamentary vote on whether to issue a formal request to the Federal Council, Switzerland’s executive, to reopen restaurants on 22 March 2021, found a majority of 97 to 90, according to Le Matin.

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Vaccine delays costing Switzerland up to 100 million francs a day

A recent study by Swiss National COVID-19 Science Task Force calculates that vaccination delays are reducing Switzerland’s national output (GDP) by between CHF 50 – 100 million per day, according to RTS.

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Swiss Inflation turns negative in 2020

During 2020, average annual inflation was –0.7%, according to Switzerland’s Federal Statistical Office (FSO). In December 2020, Switzerland’s consumer price index (CPI) fell by 0.1% compared with November 2020. Compared to December 2019, prices in December 2020 were 0.8% lower. Annual inflation reached -0.7% across the full year.

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Company bankruptcies fell sharply in Switzerland in 2020

Despite the economic impacts of the coronavirus, significantly fewer Swiss companies went bankrupt in 2020 than the year before, according to the business data company Bisnode.

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Large government budget deficit in 2021 for Switzerland

On 16 December 2020, Switzerland’s Council of States, the nation’s upper house, accepted a 2021 budget deeply in the red following its acceptance last week by the National Council.

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Swiss economy to slide less than feared, according to new forecast

An updated forecast published this week by the Switzerland’s federal government is less negative than forecasters feared in the middle of the year.

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Pandemic increases demand for second homes in Switzerland

Demand for second homes has risen since restrictions related to coronavirus were loosened, according to real estate company Wüest Partner.

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Referendum: Swiss to vote on ending EU agreement

On 27 September 2020, Swiss voters have many decisions to make. This time the list of votes includes decisions on fighter jets, hunting, tax deductions for child care and paternity leave. Probably the most important among them is a decision on whether to accept a proposal to end the EU agreement on the free movement of people between Switzerland and the bloc, known as the Limitation Initiative.

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Switzerland ranked 4th for economic come back, according to study

A report published this week places Switzerland fourth on a list of countries best positioned to make an economic rebound after the coronavirus downturn. The analysis looks at overall health resilience, pre-existing structural strengths and weaknesses in 122 countries.

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Unemployment up in second quarter of 2020 in Switzerland

Switzerland’s unemployment rate rose from 4.2% to 4.6% in the second quarter of 2020, according to a recent survey that measures unemployment more broadly than Switzerland’s official unemployment measure. The method used for these calculations is the one defined by the International Labour Organisation (ILO), which includes all available job seekers – ILO definition of unemployment.

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Inside Out of the Ordinary | Fani Titi (trailer)

A better future is always possible. Fani Titi shares his story of progress from humble beginnings to Investec CEO. Watch the full video at https://invest.ec/2Q89kSO

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Women behind the mask in hospitality and travel

The Covid-19 pandemic has had a major impact on women in hospitality and travel. But it’s also provided an opportunity to have critical conversations and to rethink the future of the industry. In this first edition of the Women Behind the Mask webcast series, we speak to some of the women leaders who are facing the challenges of our times and helping to shape the hospitality and travel industry of the future. We hear about their personal and...

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On the frontline with Richard Cardo

What do an epidemiologist, a blogger in lockdown in Italy and an investment professional have in common? They’ve all got very different experiences of the virus that has brought the global economy to its knees. https://invest.ec/3iccaCh

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Fireside chat with Howard Marks

This video was filmed on 17 April 2020. Oaktree Capital Management, L.P.'s Howard Marks has seen four major debt crises, several recessions and many other market shocks, so he’s probably one of the best people to make sense of the current Covid-19 crisis. He chats to Investec Wealth & Investment's Max Richardson about what previous cycles can teach us. https://invest.ec/3ieaxnV

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The role of the monetary policy with Governor Lesetja Kganyago

Like other central banks, the SA Reserve Bank has a key role to play, in providing liquidity to the markets during the Covid-19 shutdown. Reserve Bank Governor Lesetja Kganyago explains the role – and limits – of monetary policy in troubled times. https://invest.ec/2C3srdy

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Book recommendations by Howard Marks

It’s no surprise to learn that one of the world’s top investors and authors on books about investment Oak Tree Capital Management LP's Howard Marks is also a voracious reader. Find out what his favorite books are. https://invest.ec/3kaWQYx

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