By: David Crosoer, Executive: Research and Investments at PPS Investments After a highly challenging year, in hindsight we might view 2018 as a decisive one in our history and consciousness – where we broke free from both the legacy of 2007 ANC Polokwane Elective Conference and the debilitating pull of the 2008 global financial crisis […]
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MPC decision ‘widely expected’
‘The widely expected decision by the MPC to leave interest rates unchanged yesterday is the right one in present economic circumstances,” says Professor Raymond Parsons, MWU Business School economist. (more…)
SARB keeps interest rates unchanged
Following the South African Reserve Bank’s (SARB) decision to keep interest rates unchanged, FNB confirms that it will maintain its prime lending rate at 10.25% and will review its position following the next SARB Monetary Policy Committee (MPC) meeting in March 2019. (more…)
No pre-Christmas rally on global markets
By Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist), Old Mutual Multi-Managers. Hopes of a pre-Christmas rally on global equity markets were dashed last week. The optimism around a thawing in US-China trade relations following the G20 Summit in Buenos Aires lasted barely a day before it became clear that there was widespread […]
Hawkish SARB raises interest rates
By Maarten Ackerman, Chief Economist and Advisory Partner, Citadel A hawkish South African Reserve Bank (SARB) has taken the decision to increase the interest rate by 25 basis points to 6.75%. (more…)
Fuel price pushes inflation to 5.1%
By Mamello Matikinca, FNB Chief Economist. Consumer price inflation rose 5.1% y/y in October from 4.9% in September; this was marginally lower than our expectation of a 5.2% y/y rise. The main driver behind the acceleration was the 99c/l rise in fuel prices, which translated into a 10.5% y/y rise in transport inflation – this […]
What to expect from November’s interest rate decision
By Maura Feddersen, Economist at PwC Strategy&. The last Monetary Policy Committee (MPC) meeting of the South African Reserve Bank (SARB) in 2018 is well underway, with policymakers considering the possibility of a rate hike in November against the backdrop of rising inflation expectations. (more…)
Global growth is out of sync – what’s in store for SA
By Reza Hendrickse, Portfolio Manager at PPS Investments. Global economic expansion fell out of sync this year unlike the previous two years as global growth appeared to have plateaued. This is evident in Q3 where the performance has been less than spectacular. (more…)
