08 May. ‘Unbeatable’ growth path to lift Africa, says Gordhan. Africa is on a “potentially unbeatable” growth and development path for the next two decades, and will increasingly attract global investment, says Finance Minister Pravin Gordhan. Co-operation among Africa’s 54 states would be crucial in boosting the region’s overall annual growth rate to the 7% … Continue reading
South African Reserve Bank, September 2012. Introduction Global economic growth decelerated in the second quarter of 2012 with activity slowing across a wide range of advanced and emerging-market countries after having surprised on the upside in the first quarter of the year. Concerns around debt sustainability and austerity programmes in the euro area continued to … Continue reading
02 Aug. SA’s PMI recovers to 51. South Africa’s seasonally adjusted Purchasing Managers’ Index rose above the key 50 level in July, but the outlook for the manufacturing sector remains under pressure from declining exports to China and Europe, a survey showed on Wednesday. The index gained 2.8 index points to 51 in July -above … Continue reading
Introduction Concerns about fiscal sustainability in Italy and Spain gave rise to a sharp increase in sovereign yields in the closing months of 2011. These fears and the concomitant loss of confidence were partly arrested by strong policy responses and a simultaneous commitment by European Union (EU) member countries to address the fiscal deficits and … Continue reading
17 Apr. South Africans richer since 1994 — with more to come. Study shows South Africans have grown wealthier in the 18 years since democracy due to lower population growth and greater social welfare South Africans have grown wealthier in the 18 years since democracy due to lower population growth and greater social welfare — … Continue reading
Absa: Quarterly Economic Perspective Q2 2012. Looking through the headlines. We have tweaked our 2012 GDP forecast another tenth lower on concerns over electricity supply constraints and the impact of industrial action in the mining (Q1, realised) and public (potential Q2) sectors. We now look for the economy to grow 2.7% in 2012 versus the … Continue reading
Introduction Economic growth in the advanced economies was disappointingly weak in the second half of 2011 as the sovereign debt crisis continued to plague Europe, dampening confidence levels and economic activity on the continent and beyond. While actions towards stronger fiscal consolidation continued in the interest of fiscal sustainability, in many instances this exacerbated the … Continue reading
12 Mar. Absa: SA Morning Sheet. This is a daily economic comment … The sheets can be downloaded daily from Absa Economic Research An extract from today’s sheet is provided as an example: Late Friday afternoon South Africa’s electricity regulator, NERSA, announced it had approved a reduction in the country’s electricity tariff fees that were presented … Continue reading
28 Feb. Nedbank Economic Commentary: Gross Domestic Product – Q4 2011. Real gdp grew slightly faster than expectations. Real gdp grew by a seasonally adjusted annualised 3,2 % in the fourth quarter, significantly up from 1,7 % in the third quarter but only slightly better than the 3,1 % generally expected by the market. For … Continue reading
27 Feb. Nedbank Weekly Economic Monitor: Review of 20 to 24 February and preview of 27 February to 2 March 2012. Over the week, the rand was supported by higher precious metal prices and a firmer euro. The consolidated national budget deficit is projected to fall to 4,6 % of gdp in 2012/13, off from … Continue reading