SOUTH AFRICA

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Country Analysts

Iraj Abedian
Former Member, President’s Panel of Economic Advisors

In The News

Databank

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Recent Country Insights

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The South African Reserve Bank gives the economy a boost with a 25 bp cut in interest rates
SOUTH AFRICA - Report 16 Jan 2020
The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) voted to cut the benchmark interest rate by 25 basis points from 6.5% to 6.25%, and therefore the prime lending rate from 10% to 9.75%, during its first sitting of the year. Prior to this, the last time the MPC had made an ad...

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The ANC’s 2020 anniversary celebrations amid power cuts and an insipid economy
SOUTH AFRICA - Report 13 Jan 2020
The African National Congress (ANC) anniversary celebrations known as "The January 8" celebrations, during which the ANC delivers its annual statement that is essentially the "state of the party address", took place on Saturday, January 11, 2020. The January 8 statements have their origin in the ...

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Eskom and electricity cuts are once again sabotaging South Africa’s economy
SOUTH AFRICA - Report 13 Dec 2019
The South African economy is once again being sabotaged by Eskom. This is because on top of the substantial financial burden the state owned entity (SOE) has been placing on the fiscus, Eskom resumed its infamous scheduled power cuts, normally referred to as “load shedding”, in the past week. Wha...

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South Africa’s Q3 current account deficit narrows on the back of improved terms of trade
SOUTH AFRICA - Report 05 Dec 2019
Today the South African Reserve Bank released the latest current account data that shows the country’s current account deficit narrowed in the third quarter of 2019 - falling from R208.7 billion during the second quarter of 2019 to R190.3 billion in the third quarter, a narrowing of R18.3 billion...

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South Africa’s Q3 GDP surprises on the downside, contracting amid expectations of low but positive growth
SOUTH AFRICA - Report 03 Dec 2019
The previous quarterly GDP data by Stats SA revealed that South Africa had avoided a second consecutive H1 technical recession, as real GDP growth recovered by 3.2% q/q (upwardly adjusted from 3.1%) in the second quarter, from a contraction of 3.1% q/q during the first quarter of 2019. However, t...

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The South African Reserve Bank plays prudent by keeping the benchmark interest rate unchanged at 6.5%
SOUTH AFRICA - Report 21 Nov 2019
The South African Reserve Bank’s Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at its final meeting of 2019, leaving the benchmark interest rate at 6.5% and the prime interest rate at 10%, ending the year with only with one change in the repo rate in July 2019. Three mem...

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Is the end nigh for South African Airways?
SOUTH AFRICA - Report 15 Nov 2019
The embattled state-owned entity (SOE) South African Airways (SAA) is on the brink of collapse. It is understood that SAA desperately needs around R2 billion in order to fund its operations until the end of the current financial year, but Finance Minister Tito Mboweni has made it clear on several...

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South Africa’s unemployment rate keeps worsening – a threat to socio-economic and political stability
SOUTH AFRICA - Report 13 Nov 2019
It is common knowledge that South Africa’s economy has been struggling for some time now, and the country’s chronic unemployment problem has only worsened, with unemployment rates perpetually recording new highs. The unemployment rate currently stands at 29.1% (Q3 2019), registering the highest r...

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South Africa’s second Investment Conference - another rare win for the economy
SOUTH AFRICA - Report 07 Nov 2019
Following last year’s inaugural Investment Conference initiated and headed by President Ramaphosa, South Africa’s second Investment Conference, dubbed “Accelerating economic growth by building partnerships” came to its conclusion today. The previous year’s Conference came on the back of the Presi...

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