Tag Archiveseconomy

businessconfidenceQ22011

Business confidence declines in second quarter

The RMB/BER Business Confidence Index (BCI) moderated by seven index points from 55 in the first quarter to 48 in the second quarter of 2011. An index level just below the neutral 50 mark means that around half of the respondents surveyed are satisfied and the other half dissatisfied with prevailing business conditions. Despite the […]

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Plunging into Bankruptcy - Financial Speedometer

Recent credit rating downgrades: Greece and Italy

By Arno Lawrenz, CIO, Atlantic Asset Management   Last Friday, the ratings agency Fitch downgraded Greece’s sovereign debt rating by 3 notches in one go. This was followed shortly by Standard & Poors (S&P) downgrading Italy by a notch. What are the likely repercussions and meanings of these actions? There are many rumours surrounding what […]

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newspaperinflation

Very modest rise in inflation

April CPI as measured by Stats SA came in at 4.2%. In their BJM Express Newsletter, BJM say that this figure was below the consensus forecast of 4.4%, and slightly up on March’s reading of 4.1%. “On a monthly basis, inflation increased 0.3% of which the transport category and specifically petrol made the biggest contribution.” […]

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saemployment

Where are the jobs?

  SA has a pretty poor record when it comes to employment. The current mantra – and an extremely important one it is – is jobs. Above all else. Unfortunately they are not coming through and latest figures from the Quarterly Labour Force Survey show that instead of a decrease – SA unemployment increased and […]

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factoryfloor

Kagiso PMI maintains high level

The seasonally adjusted Kagiso PMI stabilized at a fairly high level of 56.4 during April, only marginally lower than the 13-month peak of 57.2 index points reached in March.   “Both the current activity and forward looking indicators remained robust, suggesting that the improved growth momentum in the factory sector during 2011Q1 was sustained in […]

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Johann Els

SA recovery on track despite global shocks

South African consumers can find some reassurance in the fact that, despite the serious shocks seen around the globe in the first quarter of the year, the economic recovery underway in South Africa is still o­n track and growth prospects remain positive, according to Johann Els (pictured), senior economist at Old Mutual Investment Group SA […]

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interestratesfeat

Rates increase on the horizon?

Economic developments, particularly the potential second round inflation effects of the past year’s commodity and administered price shocks, would most likely prompt the SA Reserve Bank to hike interest rates towards the end of this year and will continue with hikes in 2012. This was the comment of private client wealth manager Citadel’s Chief Investment […]

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kagisopmifeb2011

Kagiso PMI stabilises on a high level

    “The seasonally adjusted Kagiso PMI stabilized at a reasonably high level in February, reaching 54.8 index points,” says Theo Vorster, specialist consultant at Kagiso Trust Investments.   “The most heartening trend in the latest numbers is that the PMI employment index rose back above the key 50 mark to 51.6, indicating that the […]

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