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    Investment Analyst – FNB Wealth Passionate about investments, Chantal helped launch the FNB Securities in-house research platform and plays an important role within the content generation team at FNB Wealth. She works closely with the FNB Economics and Strategy teams in generating original ideas and communicating these thoughts to clients in a straightforward way. She holds a Bachelor of Science Degree (Mathematics and Economics) and a Bachelor of Commerce Honours Degree (Investment Management) from the University of Johannesburg (UJ). Chantal is awaiting her CFA Charter and is pursuing a Masters degree in Finance, also from UJ.

    Some of the local earnings releases to take note of this week include: Sun International (Interim Results): Management guided for diluted adjusted headline earnings per share (HEPS) to fall by between 35% and 45% y/y, which was tracking behind full year market expectations (consensus: +5%). The decline in adjusted HEPS was due to one-off items […]

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    Jarred is currently an Economist at FNB. He is responsible for providing expertise, advice and support in economic practice formulation and associated best practice improvement tactics through research and analysis of economic conditions that affect industry and/or business. He is also responsible for making recommendations for strategic decisions based on findings from economic policy and financial market analysis. Before joining FNB, Jarred was a Financial Services Sector Analyst at Genesis Analytics. Here he worked on array of projects with focus ranging from investment banking, macroeconomic analysis, digital strategy formulation, alternative delivery channel risk assessments, housing finance strategy and payment opportunity analyses. The demographic of his work extended to include the whole African continent for which he provided valuable insights to several financial services clients.

    Highlights SA: It was a good week as far as domestic economic data was concerned. February CPI positively surprised, rising 6.3% y/y in February from 6.6% in January. The FNB / BER building confidence index edged 3 points higher in 1Q17 to 43. The SARB composite leading business cycle indicator for January rose 0.9% m/m. […]

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    John acquired the degree Master in Economics at the University of Stellenbosch before starting his career as an economist in the National Treasury. He was part of the team that implemented the country’s first Medium Term Expenditure Framework in the early days of Minister Trevor Manuel’s tenure as Finance Minister. Thereafter, he became the Southern African Macroeconomist for Globalinsight, a major United States based economic consultancy with a global presence. He entered banking with BOE Group, shortly before moving to Absa Group in 2000 where he was the senior macroeconomist co-ordinating the Group’s macroeconomic forecasting process. In 2004, he was named Reuters Economist of the Year. In 2006, he joined First national Bank to pursue a slightly different focus as the bank’s Property Economist. He’s a social endurance sport junkie, having brought up the rear of the field in events such as the Comrades Ultra-Marathon, the Ironman Ultra-Triathlon, and more recently the 2,330 km Freedom Challenge Mountain Bike Race Across South Africa. His sporting allegiances lie with the Blue Bulls.

    In recent years, the Western Cape region has significantly outperformed the rest of South Africa when it comes to the strength of its housing market and average house price growth.The City of Cape Town Metro has been a key driver of the region’s overall house price growth. But where has the strongest house price growth […]

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    John acquired the degree Master in Economics at the University of Stellenbosch before starting his career as an economist in the National Treasury. He was part of the team that implemented the country’s first Medium Term Expenditure Framework in the early days of Minister Trevor Manuel’s tenure as Finance Minister. Thereafter, he became the Southern African Macroeconomist for Globalinsight, a major United States based economic consultancy with a global presence. He entered banking with BOE Group, shortly before moving to Absa Group in 2000 where he was the senior macroeconomist co-ordinating the Group’s macroeconomic forecasting process. In 2004, he was named Reuters Economist of the Year. In 2006, he joined First national Bank to pursue a slightly different focus as the bank’s Property Economist. He’s a social endurance sport junkie, having brought up the rear of the field in events such as the Comrades Ultra-Marathon, the Ironman Ultra-Triathlon, and more recently the 2,330 km Freedom Challenge Mountain Bike Race Across South Africa. His sporting allegiances lie with the Blue Bulls.

    Despite weaker activity, building confidence edges higher in Q1 The FNB/BER Building Confidence Index increased by 3 points to 43 in 1Q2017. Three of the sub-sectors surveyed reported higher confidence (with three reporting lower confidence) compared to 4Q2016, led by building material manufacturers. Although confidence was higher, building activity was broadly lower, especially for main […]

  • Mamello Matikinca

    February CPI

    Mamello Matikinca

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    Mamello is macroeconomic analyst. Prior to joining FNB she worked as a macroeconomic analyst for the RMB global markets research team. She started her career at the Bureau for Economic Research, working as a trainee Economist. Mamello holds a Bachelor of Commerce Honours Degree (Econometrics) from the University of Johannesburg.

    Headline inflation positively surprised, rising 6.3% y/y in February from 6.6% in January. Our bearish forecast relative to the outcome was underpinned by a bearish view on long-term insurance. Indeed medical insurance rose 9.8% y/y, and ,as such, miscellaneous goods and services contributed 1.1 percentage points to the headline number.   Food inflation continues to […]

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