Tag ArchivesSouth Africa

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IMF Staff Completes 2017 Article IV Visit to South Africa

The staff of the International Monetary Fund (IMF) recently completed a visit to SA.  Here’s what they found. (more…)

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Agriculture not yet out of the woods

South Africa’s agriculture sector is now perfectly on course for recovery, this is on the backdrop of a devastating drought and while we breathe a sigh of relief that the industry is heading for recovery, the recent downgrades are likely to have sombre implications that may dampen the recovery of the sector. (more…)

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Junk status: Diversification is key to protect against market shocks

The recent downgrade of South Africa’s investment grade status to junk by more than one international ratings agency has highlighted the importance of having a diversified investment portfolio. (more…)

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What to do when the market drops

As an investor, the first action you should avoid when the market drops is panic. Never panic, this can only lead to bad decision making. (more…)

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The topsy-turvy rand

The rand – which takes its name from the word ‘Witwatersrand’ – has to be one tough cookie.  It was born in 1961, when SA was declared a republic, replacing the SA pound as legal tender.  For a decade, the country had a fixed exchange rate for its currency, before the rand was pegged to […]

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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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Fitch downgrades South Africa

A second major ratings agency has cut the South African government’s sovereign credit rating to junk status.  This follows the axing of finance minister Pravin Gordhan.  (more…)

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Frank Knight

Business failures set to blow as economy tanks

By Frank Knight, chief executive of Debtsource Few people realise that the largest source of business funding in South Africa is provided by private companies themselves. Businesses extend credit to their customers and obtain credit from their suppliers, usually in the form of short-term funding which lasts for 30 to 60 days per transaction. (more…)

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