Tariff week ends on global slump fears
Initially, there was hope that Trump would avoid heavy tariffs by striking deals to moderate increases. However, by week’s end, […]
Recap & Outlook: 4 August 2025
Recap & Outlook is a single report focused on the key developments of the week.
ABSA PMI & Total Vehicle Sales – July ’25
The Absa PMI increased to 50.8 points in July from 48.5 points in June, marking the first reading above the
SA tariffs reintroduced at 30%
The White House has announced adjusted “reciprocal tariff rates” scheduled to take effect next week, on 7th August. Ramaphosa has
Clever SARB ploy to dampen inflation expectations
As we intimated in Viewpoint a week ago, the probability of the Reserve Bank lowering interest rates at its Monetary
PPI & Trade Balance – June ’25
In line with expectations, producer price inflation accelerated to +0.6% y/y in June, from +0.1% y/y in May. The
Budget Balance – June ’25
The South African monthly government budget recorded a surplus of +R48.7bn in June from a deficit of -R10.bn in May.
Private Sector Credit – June ’25
Private sector credit demand grew by +5.0% y/y in June, unchanged from May’s reading. The latest print outperformed Bloomberg consensus
Impact of two-pot retirement scheme in context
On 1 September last year, the government introduced a two-pot retirement scheme, whereby pensioners and those holding retirement funds would
Financial Markets: 28 July ’25
In this week’s report • ZAR Insight – ZAR treads water ahead of key central bank events this week •