Tag Archiveseconomics

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Uncertainty about investor protection affects Foreign Direct Investment into SA

South Africa’s government is juggling a lot of balls as it tries to find solutions to speed up land reform, while at the same time searching for a considered approach to assure local and international investors that their investment rights are protected.  A Joint Constitutional Review Committee has been mandated to review the merits of […]

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shoppingtrolleyincreasesmall

Good momentum continues for retailers

By Jason Muscat, FNB Senior Economic Analyst. January retail trade sales moderated slightly to 3.1% y/y, from a downwardly revised 5.1% in December. (more…)

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shoppingtrolleyincreasesmall

Robust retail sales to lift GDP

By Jason Muscat, FNB Senior Economic Analyst. December retail trade sales far exceeded our expectations, rising 5.3% y/y, but down -2.6% m/m on a seasonally adjusted basis. General dealers, clothing and “other retailers each added 1.4 pps (4.2 pps cumulatively), jumping 3.3% y/y, 5.9% and 14.7% respectively. In what may be tentative signs of a […]

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wageincreases

Absa Purchasing Managers’ Index  rises in January

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 49.9 index points in January, the Bureau for Economic Research (BER) said today.  This is the best reading since May 2017 and the 5-point rise more than makes up for the 3.7-point slump experienced in December. The January PMI suggests that the local manufacturing sector […]

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President Cyril Ramaphosa

ANC voters want Ramaphosa and ‘pro-business’ policies – IRR report

The latest @Liberty report from the Institute of Race Relations (IRR) – “Ramaphosa and the Strange Workings of ANC Democracy” – provides an “unrivalled picture of the country’s mood on the cusp of a great change”. Based on a large opinion survey carried out late last year, the report suggests that South Africans are moderate […]

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Increasing Sales

Black Friday bonanza for November retail sales

By Jason Muscat, FNB Senior Economic Analyst November retail trade sales surpassed even our bullish expectations, registering 8.2% y/y from an upwardly revised 3.5% in October. This was the strongest year-on-year performance in five years. (more…)

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gdp

GDP surprises with 2% expansion

By Jason Muscat, FNB Senior Economic Analyst. 3Q17 GDP expanded by a robust 2% q/q, ahead of consensus forecasts, but below our bullish call. 2Q17 GDP was upwardly revised to 2.8% q/q from 2.5. Growth was almost entirely driven by the agriculture, mining and manufacturing sectors, which expanded by 44.2% q/q, 6.6% and 4.3% respectively, […]

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Izak Odendaal

A November to remember

By Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist), Old Mutual Multi-Managers. Global equity returns are on track for a strong year. The MSCI All Countries World Index (Acwi), a broad index of developed and emerging market stocks, returned 1.98% in November to end the month at a record high level. With one […]

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