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Agriculture feeds strong Q3 GDP growth, but detail shows a consumer under pressure

06 December 2022 | General

Economic growth surprised strongly to the upside in the third quarter, with GDP rising by 1.6% quarter-on-quarter, seasonally adjusted (q/q, s.a.) – well ahead of consensus expectations of 0.4%. The strong quarterly print and the low annual base – in part due to the July unrest in 2021 – lifted year-on-year growth to a robust 4.1%.

PPS Investments: GDP Q3 commentary

06 December 2022 | General

The South African economy grew 1.6% in real terms during the second quarter of 2022 (seasonally adjusted), substantially ahead of economist expectations.

South Africa records trade deficit for the first time since April 2020

06 December 2022 | General

South Africa recorded a trade deficit of R4.3bn in October compared to the September 2022 surplus of R26.2bn. The deficit was well below market expectations of a R16.9bn surplus and the first deficit since April 2020. The deficit came on the back of a 17% decrease in exports to a six-month low of R159.6bn and a softer decrease in imports by 1.3% to R163.9bn.

Crunch time for your clients as Eskom and SARB strike

05 December 2022 | General

The triple-whammy of inflation; interest rates and loadshedding could leave your clients scrabbling for ‘couch money’ through 2023, searching every nook and cranny of their homes for a few rand or cents to plug their ever-widening household budget ‘gaps’. Those active in the financial and risk advice space can expect an ongoing struggle to keep their clients’ finances on track as monthly debt servicing costs creep up, and Eskom threatens another steep double-digit price increase despite being unable to keep the lights on.

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