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Further strain on SA consumers as fuel prices to hit a record high

By Paul Makube, Senior Agricultural economist at FNB Agri-Business. After a brief hiatus with the government absorbing about R500 million of the fuel hike and only allowing 5 cents increase in September, the situation has deteriorated with the recent announcement by the Department of Energy (DoE) report showing that petrol prices will jump by 99 […]

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Sentiment among civil contractors remains low in Q3

– The FNB/BER Civil Confidence Index edged marginally higher to 17 in 3Q2018. – Construction activity growth was poor, as has been the case for the past few quarters. – Overall, conditions in the civil construction sector remain depressed with little sign of improving over the short term. The FNB/BER Civil Confidence Index increased to […]

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Efficiency key to overcoming tough economic conditions, says FNB

Following the South African Reserve Bank’s decision earlier today to keep interest rates at their previous level, FNB will maintain its prime lending rate at 10% and review its position following the next SARB MPC meeting in November. (more…)

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Retail trade sales underwhelm in July

By Jason Muscat, FNB Senior Economic Analyst. July retail trade sales expanded 1.3% y/y, behind our expectations of a print north of 2%. As with the manufacturing data, the retail figures were drawn from a new 2018 sample, and while there were some pretty substantial revisions to the data, the sample is now more reflective […]

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Tips for insuring your family art collection

As more households begin to appreciate the value of art as an alternative form of investment, getting to grips with art insurance should form an integral part of a collection strategy. (more…)

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2Q18 GDP confirms technical recession

By Jason Muscat, FNB Senior Economic Analyst. South Africa’s economy contracted by -0.7% qq (seasonally adjusted and annualised) in 2Q18, the second consecutive contraction, which confirmed that the country entered a technical recession in the second quarter. (more…)

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Bruising fuel hike averted, at least for now

Comment by Paul Makube, Senior Agricultural Economist at FNB Agri-Business. A further strain on the consumer has almost been averted following the announcement of the intervention by the Department of Energy to limit the fuel increase to only five cents per litre to cover the costs of wage increases of frontline staff at service stations. […]

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Choosing the right funeral cover amount

Many consumers who take out funeral cover often struggle to choose the appropriate cover amount for funeral expenses. (more…)

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