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SARB Quarterly Bulletin: Personal finances deteriorate in Q1

The SA Reserve Bank released its Quarterly Bulletin today, showing that personal finances deteriorated in Q1 2018. According to Nedbank’s Dennis Dykes and Johannes Khosa: There was almost no growth in real disposable income over the quarter, while household debt increased. The ratio of household debt to disposable income rose to 71,7% from 71,2%, and the […]

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Inflation declines but rand depreciation triggers rate hike warning

Statistics South Africa (StatsSA) reported on June 20ththat consumer price inflation declined from 4.5% year-on-year (y-o-y) in April to 4.4% y-o-y in May. “The latest reading is in line with economists’ expectations and is comfortably within the South African Reserve Bank (SARB) target range of 3%-6%,” say PwC economists. (The StatsSA inflation report can be […]

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IRR: EWC report launched in the US warns of economic, strategic consequences

The Institute of Race Relations (IRR) today released a report in Washington in the United States to advance its campaign to protect and extend the property rights of all South Africans. Titled ‘Empowering the State, Impoverishing the People’, the report warns that ‘the undermining of property rights in South Africa has serious implications both for […]

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Sanlam Private Wealth on financial education and inherited money

 Rand plunges deeper towards the down case: economist

The rand has plunged deeper towards the down case as risk-off elevates on the increased threat of trade wars, and advancing global monetary normalisation, in a disappointing SA environment.  This is according to Investec economist, Annabel Bishop. (more…)

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Pax Africana: How (South) Africa can forge its own economic destiny

By Rahima Cassim, fund manager at Ashburton Investments South Africa is a country of tremendous promise. It’s a dynamic land with the potential for integrated prosperity. Sadly, in the recent past, the forces created by this dynamism have failed to live up to the country’s potential. Rather than focusing inwards, many now believe South Africa’s secret to […]

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Building confidence drops to below 30 in Q2

The FNB/BER Building Confidence Index lost 14 points to register a level of 29 in 2Q2018. This is the lowest since 2Q2012. The current level of the index indicates that the majority (more than 70 per cent) of respondents are dissatisfied with prevailing business conditions. The confidence of main building contractors fell marginally by 4 […]

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US Fed hike sees rand little changed

With the Fed statement on its decision “to raise the target range for the federal funds rate to 1-3/4 to 2 percent” being released after SA market hours, the rand this morning is at R13.24/USD, seeing some stability on the certainty the US hike has brought, with the USD strengthening somewhat. This is according to […]

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