Foreign holdings of nominal SAGBs increase to 35.7% in December
By RMB Research According to the National Treasury (NT), combined holdings (fixed-rate and inflation-linked) of government bonds increased to 29.9%…
Foreign holdings of nominal SAGBs increase to 35.7% in December
By RMB Research According to the National Treasury (NT), combined holdings (fixed-rate and inflation-linked) of government bonds increased to 29.9% in December from 29.7% in November. Nominal (fixed-rate) SAGBs: Investor holdings as at the end of December 2020 are as follows:Non-resident investors hold 35.7% (R791.78bn).Monetary authorities hold 22.6% (R501.79bn).Official pension funds…
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined further to 50.3 index points in December 2020, down from 52.6 in November.…
ABSA PMI declines further in December 2020
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined further to 50.3 index points in December 2020, down from 52.6 in November. This is the lowest level since July 2020. The reading just above 50 index points suggests that growth is levelling off in the manufacturing sector after solid month-on-month gains were…
Fitch: African FTA growth impact too small to affect ratings
“It could be credit positive in the longer term if successful trade liberalisation leads to an improved business environment more…
Fitch: African FTA growth impact too small to affect ratings
“It could be credit positive in the longer term if successful trade liberalisation leads to an improved business environment more broadly and stronger economic growth in Africa,” the ratings agency added. The AfCFTA, which came into effect on 1 January 2021, is set to reduce tariff and non-tariff barriers between…
By: William Fraser, Portfolio Manager, Foord Asset Management Inflation in the US, Eurozone, UK and Japan has been anaemic, rising…
Inflation – the biggest destroyer of capital
By: William Fraser, Portfolio Manager, Foord Asset Management Inflation in the US, Eurozone, UK and Japan has been anaemic, rising on average just 1.5% per annum since 1995. In the mid-1970s, however, inflation had averaged 10% per annum in the decade to 1982. The genesis of that inflation cycle was…
Call for actuaries to collaborate with government to rid SA of ‘wicked problems’
As the world continues to grapple with the “wicked problems” created by the Covid-19 pandemic, governments able to efficiently mobilise…
Call for actuaries to collaborate with government to rid SA of ‘wicked problems’
As the world continues to grapple with the “wicked problems” created by the Covid-19 pandemic, governments able to efficiently mobilise their diverse talent pools appear to be presenting their citizens with better outcomes than those unable to do so, according to Lusani Mulaudzi, President of the Actuarial Society of South…
By: Sanisha Packirisamy, Economist at Momentum Investments While financial markets had their share of ups and downs in 2019, the…
A new world of economics – an outlook
By: Sanisha Packirisamy, Economist at Momentum Investments While financial markets had their share of ups and downs in 2019, the year concluded with a revival in risk appetite on marked progress in trade negotiations, a resolution reached in a tense British political standoff, and a steadfast resolve by global central…
Lockdown: SACCI suggests ‘staggered’ return to business
The South African Chamber of Commerce and Industry (SACCI), wishes to commend President Ramaphosa on his leadership and management of…
Lockdown: SACCI suggests ‘staggered’ return to business
The South African Chamber of Commerce and Industry (SACCI), wishes to commend President Ramaphosa on his leadership and management of this crisis, in an attempt to flatten the curve of the infection rate of this Covid 19 pandemic.
Economic growth vital to ease Covid-19 ‘double crisis’
South Africa cannot afford to let the private sector alone continue ‘taking the pain’ of the devastating economic consequences of…
Economic growth vital to ease Covid-19 ‘double crisis’
South Africa cannot afford to let the private sector alone continue ‘taking the pain’ of the devastating economic consequences of the Covid-19 pandemic – urgently needed reforms must include reducing state spending and cutting the huge public service wage bill.
COVID-19 drives Sub-Saharan Africa toward first recession in 25 years
Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from…
COVID-19 drives Sub-Saharan Africa toward first recession in 25 years
Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to -2.1 to -5.1% in 2020, the first recession in the region over the past 25 years, according to the latest Africa’s Pulse, the World Bank’s twice-yearly…
The Covid-19 crisis has brought much of the world economy to a sudden stop. Millions upon millions of people are…
Finance and businesses in the time of COVID-19
The Covid-19 crisis has brought much of the world economy to a sudden stop. Millions upon millions of people are in lockdown across the world, preventing them from working, buying, producing and selling goods and services.
