Monthly Insights: March 2019

By | 2019-03-11T13:20:38+00:00 March 11th, 2019|Finance, General, Watch This|

  Executive Summary There has been a broad decline in inflation rates across the world, including a sharp downward surprise in our own (SA) inflation print for January. Lower energy prices, a decline in raw material and machinery costs, as well as falling demand-pull inflation have been key reasons for the falling inflation trajectory [...]

Key Highlights from the 2019 Budget

By | 2019-02-21T08:48:21+00:00 February 21st, 2019|Markets and Research|

Executive Summary The 2019 Budget builds on the 2018 MTBPS, with one sore caveat: the fiscal trajectory has deteriorated even further as NT chose to provide financial support to Eskom to the value of R23 billion per annum. However the bad news doesn’t end there – growth estimates had to be revised sharply lower yet [...]

Daily Market Commentary: 15 February 2019

By | 2019-02-15T09:05:16+00:00 February 15th, 2019|Markets and Research|

Today we are taking a look at: Yields remain elevated, follows ZAR weakness on the back of disappointment over Eskom plans The rand holds steady above 14.0000 Brent crude remains elevated and continues to rise as Saudi and Venezuelan output under pressure The JSE and European markets retraced early gains, following a sharp decline in [...]

Daily Market Commentary: 21 January 2019

By | 2019-01-21T09:11:10+00:00 January 21st, 2019|Markets and Research|

Today we are taking a look at: A strong close for risk on Friday before the US long weekend failed to feed through into SA assets and the ZAR continues to struggle Rand closes the week traded relatively well post another good week for the currency Oil held gains near a two-month high as investors [...]

Monthly Insights: December 2018

By | 2018-12-11T10:59:26+00:00 December 11th, 2018|Markets and Research, Watch This|

Executive Summary ·        After sounding increasingly hawkish since its September meeting, the US Fed has come to the realisation that it may need to reassess its policy tools, and its tightening strategy. While domestic macroeconomic data remain upbeat, cracks have started to emerge in the form of a slowdown in business capex spending, tighter global [...]

Daily Market Commentary: 4 December 2018

By | 2018-12-04T09:52:03+00:00 December 4th, 2018|Markets and Research|

Today we are taking a look at: The local bond market will keep a close eye on South African GDP for Q3:18 due for release this morning Eskom continues to falter in its only purpose Oil prices extend strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian [...]