IN THIS WEEK’S BOTTOM LINE The SARB traditionally errs on the side of caution, far slower to react than most emerging market central banks to changing external conditions. This is borne out by far fewer interest rate changes. Just as...
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IN THIS WEEK’S BOTTOM LINE It is official. The South African economy is in recession, its first recession since 2009. A recession is defined as two consecutive quarters of GDP contraction. Not only did GDP contract in the second quarter...
IN THIS WEEK’S BOTTOM LINE Ramaphoria which welcomed the first few weeks of Ramaphosa’s presidency has made way for a growing sense of impatience and concern that he wears a paper crown lacking the authority to push through his economic...