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Is South Africa the next currency crisis?

Is South Africa the next currency crisis?

14 September 2018

South Africa, famous for Great White sharks, could be the next focus for currency vigilantes.

GDP shocker, and a further drop in agriculture output

GDP shocker, and a further drop in agriculture output

07 September 2018

Following a stellar performance in 2017, South Africa’s agriculture output shrank by massive 29.2% in the 2nd quarter of 2018 and contributed -0.8 of a percentage point to GDP growth. This follows a contraction of 24.2% quarter-on-quarter (q/q) in the 1st quarter 2018. The decline was attributed to a decreased production in fields crops and horticultural products. For field crops, this was not surprising as planted area for 2017/18 for crops that are currently being harvested was cut by 7% year-on-year (y/y) to 6.12 million hectares with the biggest crop, maize, falling by 12% y/y. Further, the decline in planted area was largely due to depressed producer prices on the back of a massive crop of 17.66 million tons of maize in the 2017 harvest. The drop in horticultural products is largely due to the impact of drought in Western Cape where a significant amount of the fruits and vegetables are produced.

How will we survive this recession?

How will we survive this recession?

05 September 2018

Despite the optimism that came along with Ramaphoria (the period immediately after the election of Cyril Ramaphosa as State President) there are worrying signs about the economy, especially after the announcement that South Africa has officially entered a technical recession. The announcement came after Stats SA announced on Tuesday that the country's real gross domestic product had decreased by 0.7% in the second quarter of the year.

SA unlikely to grow by more than 1% this year

SA unlikely to grow by more than 1% this year

04 September 2018

Our initial optimism that the second quarter GDP growth would be positive waned as the year progressed with no significant improvement in higher frequency economic data being evident.

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Downgrade risk returns as SA enters recession

Downgrade risk returns as SA enters recession

04 September 2018
Bruising fuel hike averted, at least for now

Bruising fuel hike averted, at least for now

04 September 2018
The real losers of Trump’s trade wars are …

The real losers of Trump’s trade wars are …

28 August 2018
We truly live in interesting times

We truly live in interesting times

15 August 2018
The winds of change are slowly blowing

The winds of change are slowly blowing

14 August 2018
PwC focus post interest rate decision

PwC focus post interest rate decision

23 July 2018
Inflation increases in June

Inflation increases in June

19 July 2018
What to expect from July’s interest rate decision

What to expect from July’s interest rate decision

17 July 2018