Tag Archiveseconomics

Zuma & Gordhan

Political awareness an imperative for professional financial advice

A deep awareness of the South African political landscape is important to financial planners due to its effect on the domestic economy and the knock-on impact on business and consumer confidence and investment returns. (more…)

Read full story
Ben Bierman, MD of Business Partners Limited

SA’s growth engines feeling the weight of economic strain

Business confidence indicators plummeted further in the second quarter of this year as the South African macroeconomic environment remained dire, resulting in increased pressure on small and medium enterprises (SMEs) and their ability to deliver as one of South Africa’s leading growth engines. (more…)

Read full story

Index shows there’s no escaping the economic gloom

The Momentum / Unisa Household Financial Wellness Index (2016 data) makes for alarming reading, suggesting that a million more people could be unemployed by the end of 2018. (more…)

Read full story
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…)

Read full story
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 […]

Read full story

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…)

Read full story

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…)

Read full story

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 […]

Read full story