The year has been characterised by extreme domestic market uncertainty coupled to a highly volatile South African rand. This statement held true for the year under review as the South African economy slowed even further and entered into a technical recession. Continued uncertainty with regard to the implementation of retirement reform, originally intended for 1 March 2016, remained a major factor impacting this.Ĭonsistently excellent investment returnsĪs stated in our 2016 joint leadership review, South African and world markets have been volatile since 2008, and are expected to remain so for the foreseeable future. Sentinel continued to make progress on all the strategic objectives outlined in the previous year, but was again unable to substantially grow the Fund’s membership base. The year under review has again been a challenging one, to say the least, yet overall performance achieved reflects the effects of prudent and innovative structures put in place over a number of years to minimise the impact of poor performing investment markets and to protect capital. Scenarios.” Sentinel 2016 joint leadership review We have longĪccepted the realities of our investment environment and haveĮvolved a long-term strategy to invest prudently within all Political shifts, both locally and internationally. Numerous market swings – from boom to bust – and dramatic
Our members and pensioners for 70 years and has weathered
“Sentinel has been investing and managing funds on behalf of Leadership review Joint review by the Chairman of the
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