04/27/2023
New data delivers some ‘comforting’ news for South Africa
Most major categories showed slower annual price increases, coming from a higher base.
Comment, Analysis & Research
04/27/2023
Cash scarcity crippled Nigeria’s economy, says UN
Recently, the UN revealed that the Nigerian economy will grow to three per cent in 2023 due to its commodities trade and consumer goods and services markets.
04/26/2023
Eskom is losing way more than R1 billion a month to corruption: De Ruyter
The amount that’s being stolen is probably higher than 1 billion rand, he said.
04/26/2023
US-based low-skilled Nigerians boost income by 1,500% – World Bank
The report also revealed that in Nigeria, households that receive remittances invest more in agrochemicals and planting materials, and their farms have larger yields.
04/25/2023
Sudan's conflict poses risk to region and multilateral lenders, says Moody's
Trade and Development Bank (TDB) had loans worth $931mln in Sudan
04/25/2023
World Bank projects 13mln more Nigerians will fall below poverty line by 2025
This, according to the Bretton Wood institution is due to the country’s population growth outpacing poverty reduction
04/24/2023
Shaky ground for investors in South Africa
This normalisation of interest rates has had a profound impact on the market since 2022, and we have been cautioning investors to expect this volatility for some time now,” she added.
04/21/2023
Why there is good reason to be positive on South Africa
South Africa is beset by long-term and near-term challenges, most notably an ongoing power crisis, but we think that it’s not all doom and gloom for investors in the country.
04/18/2023
Rand punches up – but remains on the back foot
Investec’s chief economist Annabel Bishop said that the rand reacted positively to dimming sentiment for US growth and its banking system.
04/17/2023
Government was warned this would happen
The old adage of “too many cooks in the kitchen” is ringing true in South Africa, as the country now has three – even up to five – ministers that now govern or have some say in the energy sector and embattled power utility Eskom in
04/17/2023
In a bid to make banking more digital-first, are we leaving the unbanked behind?
Are we as bankers so blinded by the bright lights of the digital realm that we can no longer see the needs of the unbanked?
04/14/2023
Absa’s top executives’ massive payday – earning a collective R207 million
Return on equity (RoE) improved to 15.6% from 14.6%, and net asset value (NAV) per share grew by 4% to 16,255 cents.
04/13/2023
Dark clouds gather for businesses in South Africa
84% of lenders in South Africa are pessimistic about growth, an increase from 69% last year.
04/13/2023
Investors undervalue banks despite increased earnings
Analysis of lenders’ price-to-book valuations –which indicates the value that market participants attach to a company’s shares relative to its net assets
04/12/2023
Best credit card deals in South Africa
Nedbank and Standard Bank offer credit cards with the lowest management fees at R40 per month.
04/12/2023
South Africa the biggest loser among major economies
As announced in March, the IMF has cut South Africa’s GDP growth outlook to a paltry 0.1% for 2023, showing that the country is flirting with a full-year recession.
04/12/2023
Reserve Bank isn’t winning many friends with new proposal
Proposed changes include structural reforms, deregulation of the nation’s transport and electricity sectors, lowering the inflation target and a shift back to predictable, transparent fiscal policy rules.
04/11/2023
The sector standing strong in South Africa’s storms
The bank collapsed mainly due to the US Federal Reserve’s (Fed’s) aggressive interest rate hikes over the last year, which crippled financial conditions in the startup environment in which SVB was a notable player.
04/10/2023
South Africa's Gupta extradition bid from UAE fails
Some of the paperwork was either incorrect, in the case of the fraud charge, or missing, in the case of the corruption charge, the statement adds.
04/06/2023
South African households are in trouble
The hike marked the ninth consecutive increase since the start of the rate cycle in November 2021. Rates are currently at their highest point since the year of the global financial crisis.