PMI – November ’25
Disappointingly, the Absa PMI index declined further into contractionary territory in November, to 42.0 points from 49.2 points in October.
Recap & Outlook: 1 Dec ’25
Recap & Outlook is a single report focused on the key developments of the week.
Trade & Budget Balance- Oct ’25
The trade surplus narrowed in October while the budget deficit widened.
Private Sector Credit – Oct ’25
Private sector credit demand growth accelerated to +7.3% y/y in October from +6.0% y/y in September.
PPI – October ’25
Producer price inflation rose by less than expected in October, to +2.9% y/y from +2.3% y/y in September.
Leading indicator – September ’25
The SARB’s composite leading indicator declined marginally in September, to 114.2 points from 115.5 points in August.
Favourable MTBPS & credit ratings upgrad
The past week was a favourable one from a South African viewpoint. The Medium-Term Budget Policy Statement (MTBPS) exuded continued
SARB influenced by improved fiscal policy
As many economists had anticipated, the Reserve Bank went ahead with another -25bpt rate cut, the sixth in the current