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What the SARB’s MPC decision means for your portfolio

The SA Reserve Bank (SARB)’s Monetary Policy Committee (MPC) kept the repo rate unchanged at 6,75% at yesterday’s meeting, against the market consensus of a cut.  What does this mean for your portfolio? (more…)

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Prof Raymond Parsons

SARB keeping rates on hold ‘understandable’

The failure of the SA Reserve Bank (SARB) to cut interest rates again partly reflects the economic price being paid by SA for continued overall political and policy uncertainty.  This is according to Professor Raymond Parsons, Economist at the NWU School of Business and Governance. (more…)

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SARB expected to remain in rate-cutting cycle

Weak economic growth, heightened political uncertainty and a potential fiscal fallout will make for a very cautious South African Reserve Bank (SARB) monetary policy decision on Thursday. (more…)

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‘Eskom’s application for increase undermines Nersa transparency decision’

The Organisation Undoing Tax Abuse (OUTA) believes that energy regulator NERSA should not have allowed Eskom to block public access to coal costs in its tariff application. (more…)

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Moody’s warns against attacks on Reserve Bank

SA’s rating would be downgraded if “the strength and independence of institutions notably diminish.”  This is according to Zuzana Brixiova – Vice President – Senior Analyst, Sovereign Risk Group, at Moody’s.  (more…)

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Expect a rate cut next week

By Arthur Kamp, Investment Economist at Sanlam Investments. The split-decision of the Bank’s Monetary Policy Committee (MPC) to cut its repo rate by 25bps to 6.75% in July 2017 appeared to signal a shift in focus away from the risks posed by potential rand weakness to the recorded downside surprises in real GDP and inflation […]

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Increasing Sales

Retail Sales show glimpse of consumer relief on the horizon

By Jason Muscat, FNB Senior Economic Analyst. July retail trade sales registered the fifth consecutive positive reading for 2017, expanding 1.8% y/y (unadjusted) from an upwardly revised 3.2% in June. In fact, all of the second quarter numbers were revised higher, but it remains to be seen whether this will have any impact on the […]

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SA economy rebounds from technical recession

By Mamello Matikinca, FNB Senior Economist. South Africa bounced back from a technical recession with GDP expanding 2.5% q/q in 2Q17, slightly above our expectations of 2.1%. (more…)

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