Tag ArchivesFNB

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…)

Read full story

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…)

Read full story

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…)

Read full story

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…)

Read full story
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…)

Read full story

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…)

Read full story

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…)

Read full story

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 […]

Read full story