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CPI commentary for July 2021

18 August 2021 | General

Consumer price inflation increased by 4.6% year-on-year as at the end of July 2021, which decreased from the 4.9% year-on-year increase from the previous month. An inflation increase near the mid-point of the target band is aligned with the goal of the South African Reserve Bank and should reduce pressure to increase short-term interest rates.

It is the politics, stupid…

18 August 2021 | General

It is refreshing when an economist acknowledges the problems facing a struggling economy, and even more impressive when the glaring issues are exposed in the title of his presentation, without fear or favour. Dawie Roodt, economist at the Efficient Group, was not mincing words when he presented an economic overview to the Financial Planning Institute of South Africa (FPI) Retirement and Investment seminar. “The biggest economic discovery of all times was the concept of private property rights; and the second biggest was the fair exchange of these property rights, in a process we refer to as trade,” he mused, setting the context for his analysis titled: ‘The SA economy: Can we survive the ANC government?’.

The real impact of the crisis on SA’s economy

27 July 2021 | General

As calm steadily returns after the recent social unrest, analysts are hard at work tallying the cost of the looting and disruption to economic activity. So far, the damage to 2021 growth is estimated at between 0.5 and 1.0 percentage points.

Unchanged interest rates provide temporarily relief to consumers and businesses

22 July 2021 | General

Following the South African Reserve Bank’s (SARB) decision to keep its benchmark rate unchanged, FNB will maintain its prime lending rate at 7% and will review its position after the next SARB MPC meeting in September 2021.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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