Residential Market stability risk declines (improves) slightly after prior rising trend. Risks to the market emanate more from the imbalances in the broader economy than from the market itself. DOWNLOAD the full report here.
Highlights Well that escalated quickly! All local economic news out this week has been overshadowed by Britain’s decision to leave the European Union (EU). While immediate risks stem from global financial market fallout (currency and equities in particular), the longer term implications of broader EU dissolution are the primary concern. Separatists, nationalists and right […]
May inflation slowed modestly to 6.1% y/y from 6.2%. This was a pleasant surprise as most forecasts were for a mild acceleration. The below consensus print was largely due to an earlier than expected deceleration in food inflation, although this is likely to be temporary but more contained. Food inflation registered 10.8% y/y, from 11.3% […]
Recovery in construction activity lifts confidence in Q2 • The FNB/BER Civil Confidence Index rose by 13 points to 41 in 2Q2016. • Construction activity rebounded unexpectedly, boosting confidence during the quarter. Click here to read the full report
Blue chip giant Naspers is releasing full year results on Friday. Management guided for core headline earnings per share to be between 15% and 20% higher y/y. This was in-line with expectations (consensus: +18%). This will be Naspers’ maiden dollar report, having previously reported in ZAR. From a core perspective, our focus will be on […]