SARB interest rate hike: commentary from PSG Wealth CEO Adriaan Pask

However, we have previously communicated that should the MPC decide to raise borrowing costs to contain prices, the changes will most likely be small and gradual, says Chief Investment Officer at PSG Wealth, Adriaan Pask.

SARB continues to deliver on its “gradual” normalization strategy

In line with the consensus and our forecast, the SARB MPC delivered a 25bp rate hike to 4.00% in its first of 6 meetings scheduled for 2022, says Jeff Schultz - Senior Economist at BNP Paribas South Africa.

SARB to keep hiking rates as price pressures persist, predicts BNP Paribas SA

Rising inflation risks are likely to see the SARB revise up its 4.3% CPI inflation forecast for 2022, closer to our 5.1% projection, predicts Jeff Schultz - Senior Economist, BNP Paribas South Africa.

World Bank loan commentary, Jeff Schultz- BNP Paribas SA

Deteriorating socioeconomic conditions, rising joblessness and more acute inequality in the economy suggests that a SRD extension for another year is a likely minimum requirement for the political economy right now, we believe.

The International Monetary Fund’s (IMF) urgent call for South African reforms

Failure to implement rapid reforms to address the country’s pressing issues will leave South Africa in a sticky perplexity where economic growth will be unsustainable for years to come, the International Monetary Fund (IMF) cautioned in a recent…

Adriaan Pask: Brief commentary on SA's unemployment rate

Adriaan Pask, Chief Investment Officer at PSG Wealth comments on the recently announced unemployment rate which rose to 34.9%.

Prepare for further interest rate increases

The Monetary Policy Committee’s decision to increase the repo rate from 3.5% to 3.75% and subsequently the prime lending rate from 7% to 7.25%, is little surprise as rumblings of an increase have been in the market for some time. An increase…

Energy investments to help overcome loadshedding

Energy investments will help overcome the debilitating load shedding that the country is currently experiencing, as new electricity generation capacity comes online, says President Cyril Ramaphosa.

Massive fuel hike to kick in on Wednesday

The Department of Mineral Resources and Energy has announced a massive fuel hike from Wednesday this week.

Eskom energy availability factor at 65%

Eskom's declining energy availability factor is raising concern as the power utility continues to battle breakdowns and trips at power stations.

R1.5 billion approved to support businesses affected by July looting

A total of R1.5 billion has been approved to support businesses affected by the looting and unrest in July, says Trade, Industry and Competition Minister Ebrahim Patel.

NERSA, Eskom head to court over pricing

The National Energy Regulator of South Africa (NERSA) says it is studying a court application by Eskom, which seeks to compel the energy regulator to reconsider Eskom’s tariff increase application.

Petrol price drops slightly, as diesel increases

Economic recovery hinges on infrastructure development, structural reforms: Godongwana

Finance Minister Enoch Godongwana says the reconstruction of the country’s economy is dependent on public and private investments in government’s infrastructure projects, backed by structural reforms.