South African inflation under control; US President Trump signs a flurry of new orders

Loading player...
SA’s December annual inflation rate, at 3% (from 2.9% in November) was surprisingly low, showing few signs of pressure other than in administered services. This should encourage the Reserve Bank to cut interest rates at end-January by 25 bps to 7.5%. We expect the bank will remain cautious but will make a further rate cut to 7.25%, the neutral rate, by mid-year.
US President Donald Trump signed 36 executive orders in his first week. Some of the themes were: tariffs, where he imposed less than expected; energy and the environment, allowing for more exploration for oil and gas; border and immigration control; reversing various diversity and inclusion initiatives; and the federal workforce, where he introduced a hiring freeze and restructuring. For SA, new US policies on energy and immigration are likely to be the most significant at this stage. Click here to listen to the podcast.
27 Jan English South Africa Investing · Business News

Other recent episodes

SA’s removal from the grey list could contribute to 2026 growth

In this podcast, STANLIB Chief Economist, Kevin Lings, discusses why the Financial Action Task Force decided to remove SA from the grey list today and how this development could contribute to economic growth in 2026. STANLIB is an authorised Financial Services Provider in terms of the FAIS Act and a…
24 Oct 4 min

No resolution to US government shutdown; SA’s retail sales slow

In this podcast, STANLIB’s Chief Economist, Kevin Lings, looks at the economic disruption as the US government shutdown enters its third week, with no resolution in sight. He also considers the slowdown in SA’s retail sales in August, which appears to be largely due to the tapering off of two-pot…
20 Oct 10 min

Trust your manager to navigate through volatile fixed income markets

In the latest episode of our The More You Know vodcast series, Sylvester Kobo, Deputy Head of Fixed Income at STANLIB Asset Management, counsels investors to “get comfortable with discomfort” for the foreseeable future and avoid focusing on short term ups and downs. He also discusses the factors that have…
16 Oct 18 min

Markets soften on US government shutdown, escalating trade war with China

In this podcast, STANLIB’s Chief Economist, Kevin Lings, considers the likely implications if the US government shutdown continues for an extended period. He also touches on export restrictions announced by China on certain rare earth minerals and the US response to threaten higher tariffs on China, which suggest the trade…
13 Oct 6 min

US government shutdown likely to drag on; SA collects more tax than expected

In this podcast, STANLIB’s Chief Economist, Kevin Lings, discusses the reasons for and impacts of the US government shutdown, including on economic activity and business confidence. He suggests that, given current political tensions in the US, it is likely to drag on for a while. He also looks at SA’s…
6 Oct 13 min