FX Wake Up Call 24 Feb ’25
Eskom has eased power outages following the recovery of multiple generation units that failed over the weekend, triggering the worst […]
Retail Sales – Dec ’24
Retail sales growth slowed to +3.1% y/y in December from +7.6% y/y in November (revised). The latest reading was lower
Currency Weekly : 21 Feb ’25
While the budget delay, driven by disagreements over a proposed VAT increase, initially sparked negative reactions, increased consultation among coalition
FX Wake Up Call 21 Feb ’25
Although of limited market-moving potential, President Cyril Ramaphosa called on G-20 nations to move beyond geopolitical divisions and unite in
The Bottom Line : Feb ’25
South Africa’s short-term business conditions continue to improve, and signs of this improvement are starting to be mirrored in data
Positive & negative of Budget postponement
South Africa’s budget now requires multi-party consensus, marking a shift in governance that impacts fiscal policy. To ensure sustainability, the
FX Wake Up Call 20 Feb ’25
After weeks of mounting anticipation surrounding one of the most significant budgets in South Africa’s democratic history, expectations were abruptly
FX Wake Up Call 19 Feb ’25
Today’s National Budget marks the first under the GNU, where balancing ideological differences will be a challenge. Budgeting under a
FX Wake Up Call 18 Feb ’25
Headlining the local data card today are Q4 labour market stats. Recall that South Africa’s official unemployment rate declined in
Unemployment rate – Q4 ’24
South Africa’s official unemployment rate improved marginally, to 31.9% in Q4 2024 from 32.1% in Q3 2024, likely reflecting a