Services

NEWS FLASH

UPCOMING WEBINAR - TURKEY: FUNDAMENTAL CHANGE OR BUSINESS AS USUAL?...

Learn More

COUNTRY INSIGHTS

Slide Presentation: South Africa - Outlook from the world stage
SOUTH AFRICA · Report · 20 Sep 2023

Get insight into how South Africa's international and domestic politics affect its macroeconomic outlook with the presentation from our webinar, "South Africa - Outlook from the world stage".

South Africa’s current account registers a deficit in Q2-2023 as the country’s terms of trade deteriorate
SOUTH AFRICA · Report · 07 Sep 2023

An unwelcome economic metric for South Africa came out today as data released by the South African Reserve Bank (SARB) indicates that the country’s current account balance recorded its fifth consecutive deficit during the second quarter of 2023. The deficit on the current account widened further,...

In Q2-2023, the South African economy managed to record another positive growth result, yet households are struggling
SOUTH AFRICA · Report · 06 Sep 2023

South Africa’s quarter-on-quarter real GDP expanded by 0.6% during the second quarter of 2023, following the first quarter’s increase of 0.4% q/q. While the 2Q GDP figure shows another positive increase, in a similar manner to Q1-2023, the magnitude of increase was low, which indicates the South ...

The South African government reiterates its stance of non-alignment committing to work with all countries for global peace and development as it concludes the 15th BRICS Summit
SOUTH AFRICA · Report · 24 Aug 2023

Against the backdrop of the Russia-Ukraine conflict, there has been increased interest in the 15th BRICS summit that was held in South Africa this week. The possibility of Russia’s President Putin attending had of course resulted in increased risk aversion towards South Africa before it was clari...

South Africa’s political economy temperature is rising
SOUTH AFRICA · In Brief · 16 Aug 2023

This week South Africa is abuzz with much political noise. To begin with today is the anniversary of the Marikana Massacre 11 years ago where 34 mine workers were mowed down by the police at Lonmin platinum mine, partly owned by President Ramaphosa, who then was a high profile and influential mem...

Loadshedding and logistical bottlenecks continue undermining South Africa’s economy
SOUTH AFRICA · Forecast · 01 Aug 2023

• South Africa’s growth: As numerous negative shocks and other headwinds continue to adversely impact the South African economy, we expect growth to remain insipid for the rest of 2023. Intense load-shedding and the country’s continuing below standard rail and port infrastructure are deeply under...

South Africa's sigh of relief as Putin and Ramaphosa make a deal on BRICS summit
SOUTH AFRICA · In Brief · 19 Jul 2023

President Putin and President Ramaphosa announced today that the Russian President is not going to attend the 2023 iBRICS Summit n South Africa next month. Russia will be represented by the Foreign Minister Sergey Viktorovich Lavrov. This brought to an end months of speculation and political wran...

South African forex reserves are out of sync with rising external vulnerabilities
SOUTH AFRICA · Report · 07 Jul 2023

Amidst elevated volatility, including a marked weakening of the rand over the past months, it is clear that the South African Reserve Bank still has no intention of intervening by using the country’s reserves, which include gold and other foreign reserves, as a buffer against foreign exchange pre...

South Africa’s current account deficit narrows in Q1-2023
SOUTH AFRICA · Report · 08 Jun 2023

The latest current account data released by the South African Reserve Bank shows that, during the first quarter of 2023, while South Africa’s current account recorded its fourth consecutive deficit since Q2-2022, the deficit was smaller than that of the preceding quarter. The Q1-2023 deficit narr...

A moderate recovery of the South African economy avoids technical recession during Q1-2023; progress seen in increasing electricity generation capacity
SOUTH AFRICA · Report · 06 Jun 2023

Real quarterly GDP grew by 0.4% in the first quarter of 2023. This was following a contraction of 1.1% q/q during Q4-2022 and an expansion of 1.8% q/q during the third quarter of 2022. Indeed, today’s GDP print showcases that the South African economy has reverted to pre-pandemic anemic growth pa...

A unanimous decision to hike interest rates by 50 bps by the SA Reserve Bank as the rand remains weak
SOUTH AFRICA · Report · 25 May 2023

The South African Reserve Bank (SARB) has once again announced that it is hiking the benchmark interest rate, by 50 basis points—the second of this magnitude after it had slowed its rate of increase to 25 bps in January 2023. This was following this week’s conclusion of its Monetary Policy Commit...

The South African business environment in 2023
SOUTH AFRICA · Report · 23 May 2023

Following the post Covid-19 economic recovery, the South African economy and its corporations are facing a slew of challenges, both new and long-standing—with policy uncertainty and electricity supply shortages being the most prominent of the latter. These have led to low business confidence, wit...

Amid intensifying headwinds, load shedding remains the major drag on South Africa’s economy
SOUTH AFRICA · Forecast · 04 May 2023

• South African growth: In 2022, South Africa’s economy slowed markedly from 2021’s robust recovery. This took place alongside a broader moderation in growth globally and an overall decline in commodity prices, which had played an important role in the country’s growth in 2021. Most notably thoug...

The South African Reserve Bank hawkishly hikes interest rate, surprising the markets
SOUTH AFRICA · Report · 30 Mar 2023

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) announced today that it is once again raising the benchmark interest rate by 50 basis points- somewhat unexpectedly. This comes after the Bank had slowed its rate of increase to 25 bps in January of the current year following...

South Africa records its first annual current account deficit since 2019
SOUTH AFRICA · Report · 09 Mar 2023

Data released by the South African Reserve Bank indicates that South Africa’s current account switched from a (revised) surplus of R3.1 billion in the third quarter to a deficit of R174 billion in the fourth quarter of 2022. As a ratio of GDP, the current account thus switched to a deficit of 2.6...

Copyright 2024 GlobalSource Partners. All rights reserved.