Correction in precious metals prices to be expected
In response to some alarm about the steep pullback in precious metals prices, it is important to note that the […]
The Bottom Line – Oct ’25
South Africa’s business conditions are struggling to maintain their upward momentum.
CPI – Sep ’25
In line with expectations, headline inflation ticked up to +3.4% y/y in September from +3.3% y/y in August.
Leading indicator – Aug ’25
The SARB’s composite leading indicator increased to 115.5 points in August from 113.6 points in July (revised).
Recap & Outlook: 20 Oct ’25
Recap & Outlook is a single report focused on the key developments of the week.
Retail sales – Aug ’25
South African retail sales grew by +2.3% y/y in August, slowing from +5.7% y/y in July (revised).
Mining – Aug ’25
In contrast to consensus estimates of another mining production expansion in August , production declined.
Forecast Update – Q4 2025
The key message is that there have been only marginal upward revisions to our expectations of what the South African
Recap & Outlook: 13 Oct ’25
Recap & Outlook is a single report focused on the key developments of the week that was and the week
Re-escalation of tariff war rocks Rand
A relatively uneventful week ended with substantial disruption on Friday as trade tensions between the US and China resurfaced with