Tag ArchivesSouth Africa


September CPI temporarily breaches the 5% level

By Jason Muscat, FNB Senior Economic Analyst. September CPI printed in line with our expectations, at 5.1% y/y from 4.8% in August, and gained 0.5% m/m. The jump above 5% was largely anticipated by the market given the 67c increase in the fuel price last month. Petrol jumped 12.2% y/y from 5.7% the previous month, […]

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What the SARB’s MPC decision means for your portfolio

The SA Reserve Bank (SARB)’s Monetary Policy Committee (MPC) kept the repo rate unchanged at 6,75% at yesterday’s meeting, against the market consensus of a cut.  What does this mean for your portfolio? (more…)

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Melanie De Nysschen Bravura

Mandatory rotation of auditors too late to prevent KPMG scandal

The KPMG fall-out after the Gupta-related entity audits and the South African Revenue Service (SARS) “rogue unit” report must be the biggest scandal so far in the South African audit profession.  On 15 September 2017 KPMG CEO Trevor Hoole, chief operating officer Steven Louw, chairperson Ahmed Jaffer and five senior executives resigned “in the best […]

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Ben Bierman, MD of Business Partners Limited

SA’s growth engines feeling the weight of economic strain

Business confidence indicators plummeted further in the second quarter of this year as the South African macroeconomic environment remained dire, resulting in increased pressure on small and medium enterprises (SMEs) and their ability to deliver as one of South Africa’s leading growth engines. (more…)

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Life Insurance

Policyholders and beneficiaries receive R458 billion in benefit payments from life insurers

Despite facing strong economic headwinds, South African life insurers honoured claims by policyholders and beneficiaries worth R458 billion in the year ended 30 June 2017. This represents a 9% increase in benefits paid when compared to the previous 12-month period. At the same time life insurers managed to grow assets by 2% to R2.7 trillion. […]

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Moody’s warns against attacks on Reserve Bank

SA’s rating would be downgraded if “the strength and independence of institutions notably diminish.”  This is according to Zuzana Brixiova – Vice President – Senior Analyst, Sovereign Risk Group, at Moody’s.  (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Moody’s: Policy uncertainty curbs SA companies’ efforts to boost credit quality

Low economic growth, poor business confidence and weak consumer consumption on the back of ongoing policy uncertainty from the South African government will constrain the credit quality of South African corporates into 2018, says Moody’s Investors Service in a report published today. (more…)

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Gasant Orrie1_background edited1

Foreign investors more optimistic than locals about SA

Gasant Orrie, Cape Managing Partner and Director of the Corporate and Commercial Practice at Cliffe Dekker Hofmeyr (CDH), says that despite the current economic and political uncertainty, activity levels witnessed by the firm’s mergers and acquisition (M&A) practice remain stable – particularly among foreign investors. (more…)

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