The US economy created 196,000 new jobs last month. Good news, but what of it? What sort of jobs? And what are the implications for inflation, monetary policy and other weighty issues. Liston Meintjes describes them as only he can on a Friday afternoon. Brilliant analysis.
Annabel Bishop, Investec's chief economist reviews the year’s macroeconomic releases, comments on Moody’s and looks forward to South Africa’s prospects for the rest of the year.
The JSE has started Q2 rather well, but the economy has ended Q1 badly as evidenced by the ABSA PMI for March. The bad news is imparted reluctantly by ABSA economist Miyelani Maluleke.
The Rand was reprieved on Friday as Moody’s rating agency abruptly cancelled a South Africa review. Our local currency therefore rallied. But what about the year so far? And more importantly the rest of the year? David Gracey, Head of Fixed Income and Currency Trading at Investec has the answers.
It’s quarter end and again South Africa’s economy has disappointed, with data releases at best dreary, at worst disturbing. Nazmeera Moola, joint-MD Investec Asset Management in Cape town reviews the first 3 months and of course, looks forward.
The SARB has left local interest rates unchanged against a backdrop of low consumer price inflation but an uptick in producer inflation released today. Now the Pretoria based central bank has to think about rising fuel prices, the weakening Rand, the Turkish Lira and of course, Moody’s.
Ian Cruickshanks isn’t a pessimist, he’s a realist that has been tracking the Leading Economic Indicator for a decade, and its predictive qualities are faultless. So be scared about what he’s about to say.
SA’s quarterly jobs numbers are out, and there’s a tiny step (rather than a giant leap) in the right direction. But amidst the mild optimism there are warnings and a grim reality, as described by Siphamandla Mkhwanazi, economist at FNB.
Eskom informed but mostly insulted us this morning with its woeful media briefing. George Glynos of ETM Analytics isn’t buying it. Nor should you. Depressingly brilliant.
Ian Cruickshanks chief economist at the SAIRR talks Eskom and the economy. Feel the gloom.
19 Mar 2019 12PM
9 min
280 – 300
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