Economics

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18 Jan 2021
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…

08 Jan 2021
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.…

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…

07 Jan 2021
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…

18 Nov 2020
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…

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…

07 Oct 2020
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…

22 Sep 2020
Pandemic risks will shape treasury strategy

A new report written by The Economist Intelligence Unit (EIU) “The resilient treasury: Optimising strategy in the face of COVID-19” explores the…

Pandemic risks will shape treasury strategy

A new report written by The Economist Intelligence Unit (EIU) “The resilient treasury: Optimising strategy in the face of COVID-19” explores the forces that will shape and define the corporate treasury function and the priorities of the future.   It identifies the macro and financial risks that impact strategy as drivers of strategic…

01 Sep 2020
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…

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…

10 Apr 2020
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.

09 Apr 2020
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.

09 Apr 2020
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…

09 Apr 2020
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…

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.

08 Apr 2020
March market review: SA recession, Sasol and more

At the start of March, the South African economy had officially tumbled into a recession. This was following GDP data…

March market review: SA recession, Sasol and more

At the start of March, the South African economy had officially tumbled into a recession. This was following GDP data that showed a 1.4% drop in the fourth quarter of 2019, after a contraction of 0.8% in the third quarter.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za