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Optimism fuels the SA delegation to Davos

Optimism fuels the SA delegation to Davos

22 January 2018 | General

From tomorrow, the worlds eyes will once again turn towards that small town in Switzerland called Davos where the World Economic Forum (WEF) will be holding their annual meeting.

MPC leaves rates unchanged - worried about Moody's downgrade?

MPC leaves rates unchanged - worried about Moody's downgrade?

19 January 2018 | General

Given the SARB MPC’s historical hawkish bias, it was not surprising that they kept interest rates on hold at the January MPC meeting. What did come as a surprise was the fact that five members of the committee supported the decision, and only one voted to cut rates. The SARB clearly remains very concerned about the fiscal outlook. For five MPC members to vote to keep rates on hold in the face of the dramatic improvement in the inflation outlook indicates that they see real risks to the forecast. One conclusion one could draw would be that they are worrying about Moody’s downgrading in February, and would not want to cut ahead of that decision.

Outlook 2018: Global economy

Outlook 2018: Global economy

08 January 2018 | General

The world economy is enjoying a synchronised upswing, in which most regions are generating good growth despite political upsets in some parts of the world. As a result, Schroders, a global asset manager, has upgraded their global growth forecast for 2018 to 3.3% from a previous estimate of 3.0%. This marks a modest acceleration from 2017, which is also upgraded to 3.2% from 3%. If correct, this would make 2018 the strongest year for global growth since 2011.

Rand joy at GDP stats

Rand joy at GDP stats

05 December 2017 | General

The rand rallied to a new high this afternoon as the GDP figures made their way to market. The general expectation was for GDP growth to come in at 1.7%, so 2% growth is a welcome surprise for the struggling South African economy. The rand strengthened to R13.45, but slipped back slightly to R13.50. The stronger rand is currently a function of our trading account surplus, stronger economic growth and positive expectations toward the ANC NEC election conference.

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Analysis of S&P and Moody’s ratings announcement

Analysis of S&P and Moody’s ratings announcement

28 November 2017 | General
South Africa ratings lowered on weakening economic and fiscal trajectory; outlook stable

South Africa ratings lowered on weakening economic and fiscal trajectory; outlook stable

27 November 2017 | General
MPC: Absa commentary on possible outcomes

MPC: Absa commentary on possible outcomes

22 November 2017 | General
We need to change our outlook warns Gordhan

We need to change our outlook warns Gordhan

08 November 2017 | General
Medium Term Budget Policy Statement - “We have the power to change our course”

Medium Term Budget Policy Statement - “We have the power to change our course”

27 October 2017 | General
Disappointing Mid-Term Budget likely to lead to rating downgrades before year end

Disappointing Mid-Term Budget likely to lead to rating downgrades before year end

26 October 2017 | General
MTBPS 2017: A plea for more time, but no consolidation

MTBPS 2017: A plea for more time, but no consolidation

26 October 2017 | General
SA medium-term budget 2017

SA medium-term budget 2017

26 October 2017 | General