Tag Archiveseconomics

Pierre Swart1

Impact of surprise interest rate cut

In a move that surprised many economists, the South African Reserve Bank announced a cut in the repo rate from 7% to 6.75% last week. (more…)

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Sanlam Private Wealth on financial education and inherited money

How does a weakening rand affect me?

By Sore Cloete, Senior Legal Manager at Old Mutual. What’s in the news? Over the past week, the rand has weakened against all major currencies, hitting a seven-week low against the dollar on Wednesday, 5 July 2017. Though blame was placed on the ANC’s proposal to nationalise the SA Reserve Bank (SARB), the underlying reason […]

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South Africa faces a crisis of fixed investment – IRR report

Levels of fixed investment are falling far behind what is necessary to secure an economic recovery in South Africa. This is the main finding of report released by the IRR this morning. (more…)

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Government uses disaster funds for SAA bailout

“Government has decided to transfer funds from the National Revenue Fund (NRF) to South African Airways to allow the airline to pay back its debt to Standard Chartered Bank thereby avoiding a default,” last Saturday’s statement from the National Treasury said. (more…)

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Global investment strategies and the state of the SA market

In a panel discussion on the state of the South African Market at the 2017 Discovery Financial Planning Summit, moderated by Vusi Thembekwayo, Etienne le Roux, Chief Economist at Rand Merchant Bank (RMB), noted that although some recovery has been predicted in South Africa’s growth (at 1 to 1.5% in 2018), in terms of per […]

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Downgrades may lead to desperation and dishonesty

First Standard & Poor, now Fitch have rated the South African economy “junk” with huge ramifications for South African citizens, with the poorest of the poor being the worst affected. (more…)

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Arthur Kamp Investment Economist at Sanlam Investments1

Sanguine US Fed waits on Republican fiscal policy decisions

The US Federal Reserve’s decision on 15 March 2017 to increase the target range for the federal funds rate by 0.25% to 0.75-1.0% was widely anticipated. (more…)

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American flag

US Fed announces 0.25% rate hike

By Tumisho Grater, economic strategist, Novare Actuaries & Consultants   As expected, the U.S. Federal Reserve raised its target rate by 0.25% to a range of 0.75% to 1%. The Fed stated that “the labour market has continued to strengthen and that economic activity has continued to expand at a moderate pace.” The Fed noted […]

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