Tag Archiveseconomics

consumerconfidence

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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‘There are three types of interest rates or borrowing costs in an economy’

By Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist), Old Mutual Multi-Managers. They say three’s a crowd, but the worry for many investors is that more than three is a stampede. The yield on the benchmark 10-year US government (Treasury) bond broke decisively above 3% for the first time since 2011. A nice round […]

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Pile-of-dollars

Stronger dollar a headache for the rand

By Mehul Daya and Walter de Wet of Nedbank. The stronger US dollar has rung alarm bells in financial markets – the US Dollar has gained 5% since mid-February 2018 as the US Federal Reserve reverses quantitative easing and signals a series of staccato rate rises. The dramatic comeback in the US dollar has led to […]

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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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