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Forget about technicalities: South Africa has been in a recession for the past few years already

06 June 2017

Official figures released today show that South Africa’s economy contracted by 0.7% (quarter-on-quarter, seasonally adjusted) during the first quarter of 2017. This follows the 0.3% contraction during the last quarter of 2016 and pushes the country officially into a technical recession.

South Africa ratings affirmed; Outlook remains negative

05 June 2017

Standard & Poor's: SA Ratings Affirmed; Outlook Remains Negative

South Africa : the “wait-and-see” economy

24 May 2017

Last week the International Monetary Fund upgraded their 2017 growth forecast for South Africa to 1%. Markets reacted with surprise given the spate of recent investment grade downgrades the country has faced, with Moody’s verdict still pending their June announcement.

Current uncertainty means Reserve Bank expected to leave rates unchanged for now

22 May 2017

The uncertainty around the rand with Moody’s rating review still pending would make the Monetary Policy Committee very cautious to change any policy settings. This is according to Tinyiko Ngwenya, an economist for Old Mutual Investment Group, who says that the South African Reserve Bank will likely leave the repo rate unchanged at the conclusion of its three-day monetary policy meeting ending 25 May 2017.

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