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Economy

  • What's happening in the markets this week
  • To find out what will be happening in the markets this week... Read below So bad even the Optimists are down Markets continued on their downward slide last week despite a brief respite after the US Fed appeared to back off slightly from its tightening policy. The IMF lowered its forecast for global economic growth in 2014 and 2015. Estimates are for a global growth rate of 3,3%  for this ... ››› more
  • [13 October 2014]
  • The rand rallies as the dollar takes a knock
  • The rand has hit three-week highs against the dollar. The local currency benefitted from a fall in the greenback following the release of the US Federal Reserve's latest open market committee meeting minutes. Let's take a closer look at what's going on… The dollar dips, spurring the rand stronger The last few weeks have seen the rand struggling as the dollar went from strength to ... ››› more
  • [09 October 2014]
  • After a slight wobble, the rand strengthens for a second day
  • On Monday, President Jacob Zuma named the replacement for outgoing Reserve Bank governor Gill Marcus. The rand reacted favourably to his choice. A slightly weaker dollar and an improvement in business confidence also helped the rand hold its ground. Let's take a closer look at what's going on with the local currency… The rand had another stable day Yesterday, the rand continued to... ››› more
  • [08 October 2014]
  • Business confidence creeps slightly higher in September
  • Yesterday, the South African Chamber for Commerce and Industry (SACCI) released its business confidence data for September. For the second month in a row, the SACCI reported a slight rise in business confidence. Let's take a closer look at what the data showed… Business confidence is stabilising The SACCI’s business confidence index (BCI) “nudged up 0.2 points to 89.2 in Sept... ››› more
  • [08 October 2014]
  • The IMF cuts South Africa's economic growth forecast again
  • Yesterday, the International Monetary Fund (IMF) released its World Economic Outlook report, a quarterly publication. Yet again, the IMF downgraded expected economic growth in South Africa. It cited many issues holding economic expansion back. Looking slightly further afield, Sub-Saharan Africa is looking solid. But the Ebola virus could put a stop to that. Let's take a closer look at wha... ››› more
  • [08 October 2014]
  • US stocks and the dollar soar on the back of positive jobs data
  • Earlier today, the US Department of Labour released its non-farm payroll data covering September. As economists expected, the data surprised to the upside. The stock markets in the US and the greenback strengthened on the news. Let's take a closer look… The number of new jobs rose 33,000 more than expected Last month, employers in the US “stepped up hiring,” reports Fin24. ... ››› more
  • [03 October 2014]
  • PMI rises for the third month in a row
  • Earlier today, HSBC released its purchasing managers' index (PMI) for September. The index again showed a rise in business activity. Helping the key economic indicator is the platinum mining sector getting back into full production following a five-month long strike. Let's take a closer look at what the data showed… PMI came in at 52.6 for September The HSBC PMI showed a rise “t... ››› more
  • [03 October 2014]
  • The rand continues to struggle and an improvement doesn't look likely
  • After scraping back some of its losses, the rand is on the back foot again. The local currency has weakened again this morning following the release of consumer confidence data. This showed that confidence is waning. A reflection of the current economic climate in South Africa. With the US releasing its non-farm payrolls later today, the dollar could put further pressure on the rand. Let'... ››› more
  • [03 October 2014]
  • The rand finally claws back some losses against the dollar
  • After an abysmal couple of weeks, the rand managed to strengthen slightly this morning. The local currency has been trending lower as the dollar has been gaining ground. A worse than anticipated trade deficit sent the rand reeling earlier on in the week. Let's take a closer look at why the rand is looking a bit stronger… The rand has bounced back against the greenback The rand exp... ››› more
  • [02 October 2014]
  • Public health workers' union demands a 15% pay rise
  • The National Education Health and Allied Workers Union (NEHAWU) is demanding a substantial pay hike and a housing allowance. The union says it plans to begin a number of protest marches this week as it claims the public health service is in crisis. Let's take a closer look at what's going on… NEHAWU will begin protest marches this week With about 280,000 members, the NEHAWU says i... ››› more
  • [01 October 2014]
  • A wider than expected trade deficit sends the rand weaker through 11.30/$
  • Yesterday, SARS released its trade data for August. The deficit came out over double what economists forecast. The rand, which has been under severe strain, weakened on the news. It hit fresh eight-month lows. Let's take a closer look at what's going on… The trade deficit ballooned to R16.3 billion The trade deficit in August “more than doubled to R16.3 billion,” reports Fin24... ››› more
  • [01 October 2014]
  • Despite South Africa's economy struggling, employment rises over the second quarter
  • Yesterday, Stats SA released its Quarterly Employment Statistics report for June. The report showed a rise in employment in the formal sector. But the report also revealed job losses in certain key sectors. Let's take a closer look at what the report revealed… Employment grew 1.8% over the second quarter From April to June, the Quarterly Employment Statistics report showed “an o... ››› more
  • [30 September 2014]


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