Services

NEWS FLASH

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

Learn More

COUNTRY INSIGHTS

South Africa’s economic growth decelerates to 2% in 2022
SOUTH AFRICA · Report · 08 Mar 2023

Real GDP figures released by Statistics South Africa (Stats SA) yesterday indicate that South Africa’s economy contracted during the final quarter of 2022 following a rallying of 1.8% q/q during the third quarter. During the fourth quarter of 2022, real GDP recorded a growth rate of -1.3% q/q, la...

President Ramaphosa reshuffles his cabinet under duress
SOUTH AFRICA · In Brief · 07 Mar 2023

Last night after much anticipation and months of delays, President Ramaphosa finally announced some fairly predictable changes to his Cabinet. His old ally and now X-Deputy President David Mabuza finally resigned as a Member of the Parliament after weeks of hoping that Ramaphosa would reshuffle b...

South Africa's Budget Speech 2023 Delivers on Some Key National Priorities- but a Few Thorny Issues Remain Unresolved
SOUTH AFRICA · In Brief · 22 Feb 2023

The much anticipated Budget Speech 2023 was delivered by Minister Enoch Godongwana, highlighting the positive and better than anticipated tax revenue receipts due to better collection capability on the part of the SA Revenue Services (SARS), and sustained by rising corporate income tax largely bu...

South Africa’s electricity supply shortages continue to cripple the economy while external headwinds intensify
SOUTH AFRICA · Forecast · 10 Feb 2023

• Bonds: Similar to other emerging market assets, South African bonds were victim to the selloff underpinned by negative shocks to global financial markets largely driven by the Russia-Ukraine conflict, elevated and persistent inflation rates together with faster monetary policy tightening, slow...

A marked deceleration in policy normalization by the South African Reserve Bank at the start of 2023
SOUTH AFRICA · Report · 26 Jan 2023

The South African Reserve Bank’s Monetary Policy Committee (MPC) met this week for its first 2023 meeting and announced its interest rate decision today. And in line with market expectations, the Reserve Bank once more hiked the repo rate but slowed the pace of increase to 25 basis points. This w...

The ANC offers more promises during its 111th annual anniversary celebrations
SOUTH AFRICA · Report · 10 Jan 2023

Following his victory at the African National Congress (ANC) at the December 2022 Elective Conference that secured him a second term as the party’s leader, President Cyril Ramaphosa delivered the ANC’s January 8th Statement. The annual delivery of the Party’s plans for both the organization itsel...

South Africa's ANC Elects its Top Leadership for the Next Five Years
SOUTH AFRICA · In Brief · 19 Dec 2022

During a highly contested and tense Elective Congress over the past three days, the ANC elected its top leadership who will lead the Party to the next National Elections of 2024. Most importantly, in a much welcome vote of confidence in Ramapaphosa's reform, President Cyril Ramaphosa was re-elect...

Another positive development as South Africa’s current account deficit narrows in Q3 2022
SOUTH AFRICA · Report · 08 Dec 2022

Current account data released by the South African Reserve Bank (SARB) today indicates that, in the third quarter of 2022, the deficit on South Africa’s current account narrowed from R107 billion in the second quarter to R18.1 billion. Relative to GDP, the current account deficit narrowed from 1....

South Africa’s economic growth rebounds at 1.6% in Q3 2022
SOUTH AFRICA · Report · 06 Dec 2022 · 1 response

As expected, the South African economy rebounded from the second quarter’s contraction of -0.7% q/q to record a growth rate of 1.6% q/q during the third quarter of 2022. However, the rate of growth surprised on the upside. The expansion in the country’s real GDP came on the back of a recovery in ...

South Africa's Risk Heightened While Ramaphosa Considers his Future
SOUTH AFRICA · In Brief · 02 Dec 2022

President Ramaphosa finds himself in a crisis riddled with complexity. He has few options, but none is exciting or under his total control. When a few months back, Arthur Fraser, South Africa’s x-spy master, leaked the theft of US dollars from Ramaphosa’s Phala Phala Farm, the President dismissed...

President Ramaphosa Finds Himself on Thin Ice- SA Constitutional Democracy is tested again.
SOUTH AFRICA · In Brief · 30 Nov 2022 · 1 response

Yesterday, the Parliamentary Panel investigating President Ramaphosa's Phala Phala incidence handed out its report to the Speaker of Parliament, and she wasted no time to make it public. The Panel, chaired by the previous Chief Justice of the country concluded that: “In light of all the informati...

The South African Reserve Bank maintains momentum as it raises interest rates by a third consecutive 75 bps
SOUTH AFRICA · Report · 25 Nov 2022

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) voted to increase the benchmark interest rate by a further 75 basis points, from 6.25% to 7%, during its final meeting of the year. As a result, the prime lending rate also increased from 9.75% to 10.5%. In this report we di...

Negative global and domestic shocks slow the South African economy
SOUTH AFRICA · Forecast · 18 Nov 2022 · 2 responses

Households: Consumption expenditure by households has been one of the key drivers of the South African economy’s recovery from the Covid-19-induced recession. Although household consumption is expected to remain a key driver for growth, this is expected to be at a lesser extent than during the pe...

SA Medium Term Budget Policy Statement (MTBPS)
SOUTH AFRICA · In Brief · 26 Oct 2022 · 1 response

In today's much anticipated Medium Term Budget Policy Statement, South Africa's Minister of Finance tabled a medium term strategy meant to deal with some of the country's chronic fiscal uncertainties. Amongst them were Eskom's massive R400 billion debt, the Public Sector wage bill, the rising pre...

Another 75-basis point repo rate increase by the South African Reserve Bank despite slowing inflation
SOUTH AFRICA · Report · 22 Sep 2022

Staying its course of policy normalization, the South African Reserve Bank hiked the benchmark interest rate by another 75 basis points during the Monetary Policy Committee’s (MPC) September meeting. With the repo rate climbing to 6.25% from 5.5%, the prime lending rate also increases, to 9.75% f...

Copyright 2024 GlobalSource Partners. All rights reserved.