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Help at financial recession

Manufacturing forecasts suggest possibility of technical recession

By Jason Muscat, FNB Senior Industry Economist. Manufacturing production dropped precipitously in February, declining -3.6% y/y (the worst print since July 2014 which was strike related) and -0.4% m/m. This was in sharp contrast to January’s positive, albeit meagre growth of 0.4% y/y. (more…)

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erasedebtsmall

Battling with debt? Here’s a guide to managing it

If you find yourself relying on debt and not your income to survive every month, it is a sign that you need to evaluate your finances to get financial stability. (more…)

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SARB leaves repo rate unchanged: Comment

Following the South African Reserve Bank’s decision earlier today to keep interest unchanged, FNB confirms that it will maintain its prime lending rate at 10,5% and will review its position after the next SARB MPC meeting in May. (more…)

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priceoffood

Inflation eases at 6.3%, raising possibility of a rate cut in 2017

By Mamello Matikinca, FNB Economist. Headline inflation positively surprised, rising 6.3% y/y in February from 6.6% in January. Our bearish forecast relative to the outcome was underpinned by a bearish view on long-term insurance. (more…)

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Lee Bromfield

Plan ahead for tombstone unveiling costs: FNB Life

Consumers who don’t adequately plan for post funeral expenses may find themselves having to borrow money to cover tombstone unveiling costs. (more…)

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money

SA’s major banks produce credible results against economic headwinds

South Africa’s major banking groups (Barclays Africa Group Limited, First Rand, Nedbank and Standard Bank) produced a credible set of results against various economic headwinds for the year ended 31 December 2016. (more…)

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FNB SA returns 6% increase in profits before tax

FNB SA returned a 6% increase in profits before tax underpinned by strong results from its Business and Premium segments. (more…)

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gdp

GDP: Worst of the growth cycle is now behind us

By Jason Muscat, FNB Senior Economic Analyst. 2016 GDP printed slightly below our 0.4% expectation, registering 0.3%. Growth in 4Q16 contracted –0.3% q/q saa, slightly less than we had anticipated. It was again the primary sector (agriculture and mining) that held the economy back. Agriculture shrank –7.8% for the year, while mining contracted –4.7%, shaving […]

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