The Week In Perspective
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South Africa joined a number of emerging markets including Brazil, Russia, Mexico and Poland in tightening monetary policy this year. South Africa, however, stands out as having only hiked by 0.25% as compared to more significant hikes in other countries. SA Reserve Bank Governor Lesetja Kganyago painted a bleak picture for South Africa's economic outlook with electricity shortages, worsening terms of trade and domestic investment that is likely to remain low as a result of the July unrest and the electricity situation.
And still the governor hiked.
To put things into perspective Michael Avery is joined by Warwick Lucas Chief Investment Officer at Galileo Asset Managers; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Lumkile Mondi of the School of Economics and Finance at Wits.
And still the governor hiked.
To put things into perspective Michael Avery is joined by Warwick Lucas Chief Investment Officer at Galileo Asset Managers; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Lumkile Mondi of the School of Economics and Finance at Wits.
