Total Vehicle Sales – Oct ’24
Total vehicle sales grew by +5.5% y/y in October, marking a welcome improvement from September’s -4.1% y/y contraction.
PMI – Oct ’24
The Absa Purchasing Managers’ Index remained in expansionary territory in October but declined slightly to 52.6 points from 53.3 points
Viewpoint : Operation Vulindlela 2 offers hope for improved growth
Operation Vulindlela (OV) has made substantial progress in critical areas like energy, transport, and water infrastructure, setting the stage for
FX Wake Up Call 31 Oct ’24
At face value, Finance Minister Godongwana’s MTBPS showed government finances remain under significant pressure. Revenue estimates were revised lower, and
Trade Balance – Sep ’24
The South African trade surplus widened to +R12.8bn in September from a revised reading of +R5.1bn in August. The latest print
PPI (Final Manufactured Goods) – Sep ’24
Producer price inflation for final manufactured goods slowed to just +1.0% y/y in September, from +2.8% y/y in August, beating
Viewpoint : 2024 MTBPS – Fiscal conservatism and encouraging reprioritisation
The MTBPS highlights that South Africa’s public debt-to-GDP ratio is 18.5% higher than the median of other emerging markets. It
FX Wake Up Call 30 Oct ’24
The Medium-Term Budget Policy Statement (MTBPS) will take centre stage today as investors look for some positive signs in South
Budget Balance – Sep ’24
The budget deficit narrowed by less than expected to -R4.4bn in September from -R19.4bn in August. Consensus estimates expected a
FX Wake Up Call 29 Oct ’24
The South African data card heats up today with September money supply and private sector credit growth data scheduled for