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The consequences of Nene leaving

10 December 2015 | General

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.

‘Economic growth, cycle remains weak’

09 December 2015 | General

BankservAfrica Economic Transaction Index (BETI) records R739.8 billion in transactions, 10.2% higher than November 2014.

Expenditure side of SA GDP confirms sluggish growth in domestic demand

09 December 2015 | General

The South African Reserve Bank’s (SARB) Quarterly Bulletin confirmed that real GDP growth slowed to 1.2% y/y in 3Q15 from 1.6% y/y in 2Q15.

SA consumers need to be boosted – not burdened

04 December 2015 | General

Government could do more to incentivise saving while working to reduce household debt in order to get the economy back on track, says the African Institute of Financial Markets and Risk Management at UCT.

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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