PMI – May ’25
The Absa manufacturing PMI declined to 43.1 points in May from 44.7 points in April, marking the seventh month that […]
Hopes for lower domestic interest rates
A reasonably positive environment persisted on global equity markets last week, and bond yields edged downwards in response to relatively
Recap & Outlook: 2 June 2025
Recap & Outlook is a single report focused on the key developments of the week that was and the week
Trade & Budget Balance – April ’25
The South African trade surplus narrowed to R14.1bn in April from a revised reading of R22.6bn in March. April’s print
Post-MPC discussion feedback
The following are some of the issues discussed this morning in a Webinar held by the Reserve Bank with economists
SARB forecasts compared
At yesterday’s MPC meeting, the SARB clearly signaled its intention to shift to a 3.0% inflation mandate. To support this,
Private Sector Credit – Apr ’25
Why does it matter? April’s higher credit growth reading is a welcome development. Nonetheless, the improved print indicates a minor
Rate SARB targets inflation expectations downwards
Why does this matter to me? As expected by most analysts, the SARB cut the repo rate by 0.25% to
PPI – Apr ’25
Why does it matter? April’s PPI numbers again suggest that domestic inflationary pressures remain subdued, largely thanks to very low
Increased chances of rate cut this week
Why does this matter to me? The general consensus until recently was that, due to the volatility of global economic