FANews
FANews
RELATED CATEGORIES
Category Economy
SUB CATEGORIES Budget 2017 |  Budget 2018 |  Budget 2019 |  Budget 2020 |  Budget 2021 |  Budget 2022 |  Budget 2023 |  Budget 2024 |  General | 

Domestic numbers

30 March 2005 Angelo Coppola

The rand was weaker due to the weaker gold price and a strong US dollar, which remained firm on the back of expectations of higher interest rates in the US later in the year due inflationary concerns.

The rand closed softer against the US dollar at R6,20 on Thursday compared with R6,08 in the previous week, but remained little changed against both the British pound and the euro at R11,65 and R8,10 respectively.

Bond yields surged higher due to growing expectations that interest rates will remain at current levels, with the yields on the R153 2010 and the R194 2008 closing at 8,18% and 7,92% respectively on Thursday compared with 8,00% and 7,75% in the previous week.

Major economic releases due this week include the consumer inflation data for February as well as the Reserve Bank’s Quarterly Bulletin on Wednesday.

Producer inflation, the trade balance for February and money supply and private sector credit extension statistics for February are all due on Thursday.

The Economic Unit expects consumer inflation to ease to 2,7%y-o-y (up 0,3%m-o-m) from 3,0%y-o-y and CPIX is expected to fall to 3,3%y-o-y (up 0,3%m-o-m) from 3,6% y-o-y in January.

Producer inflation is expected to fall to 1,3%y-o-y (up 0,3%m-o-m) from 1,4%y-o-y in the previous month. Money supply is expected to ease to 11,5%y-o-y (up 2,0% m-o-m) from 11,98%y-o-y in January.

Private sector credit extension is expected to increase to 16,0%y-o-y (up 0,3%m-o-m) from 15,22%y-o-y in January. The trade deficit is expected to narrow to R1,2billion from a R3,36billion deficit in January.

Quick Polls

QUESTION

How confident are you that insurers treat policyholders fairly, according to the Treating Customers Fairly (TCF) principles?

ANSWER

Very confident, insurers prioritise fair treatment
Somewhat confident, but improvements are needed
Not confident, there are significant issues with fair treatment
fanews magazine
FAnews June 2024 Get the latest issue of FAnews

This month's headlines

Understanding prescription in claims for professional negligence
Climate change… the single biggest risk facing insurers
Insuring the unpredictable: 2024 global election risks
Financial advice crucial as clients’ Life policy premiums rise sharply
Guiding clients through the Two-Pot Retirement System
There is diversification, and true diversification – choose wisely
Decoding the shift in investment patterns
Subscribe now