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Inflation expected to head higher over 2016

21 January 2016

According to Stats SA, headline consumer price inflation (CPI) rose to 5.2% y/y in December 2015 from 4.8% y/y in November, in line with market estimates.

South Africa balancing on the edge - corporate SA share their views for 2016

18 January 2016

South Africa will narrowly escape a technical recession with economic growth of 1.5%1 expected for the year 2015. With a marginal rise in GDP growth predicted for 2016 (to 1.7%2), business leaders share their concerns over continued regressive growth in the economy – and their views on what’s required to turn things around.

The consequences of Nene leaving

10 December 2015

Economic sanity had prevailed in SA until Finance Minister Nhlanhla Nene was removed from his post. Now, the country is on a slippery slope as the assault on the rand continues and investor confidence fades. The South African Reserve Bank (SARB) is on high alert and it would not be surprising if an emergency meeting of its monetary policy committee is convened and interest rates increased. As happened in Russia during December last year, when the central bank raised interest rates by 6.5 percentage points in one hit, the SARB might be forced to lift rates as runaway currency-induced inflation ensues.