Mamello Matikinca
About Mamello Matikinca

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.

  • February CPI

    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 […]

  • Highlights SA: The RMB/BER Business Confidence Index , once again underwhelmed. The index increased by a minuscule two points to 40 in the first quarter of 2017. SSA: Headline inflation in Ghana continued to moderate in February, recording an annual increase of 13.2% y/y from 13.3%. Global: After a slew of encouraging data releases and […]

  • Retail sales – January 2017

    Retail sales maintained its weakening bias in January, contracting by a notable -2.3% y/y after rising 1.0% in December. While the contraction is partly due to base effects, high inflation, weak household credit extension and the lag effect from the interest rate hike last year, also explain the weakening trend in retail sales. There was […]

  • Budget Review 2017

    “If lions work as a team they will bring down even a buffalo” – Budget Review 2017 With very little room to manoeuvre, the National Treasury did the best it could to deliver a progressive budget that stays the course of fiscal consolidation, but  also attempts to promote transformation and greater economic inclusion. Proposed tax […]

  • 2017 Budget Preview

    The Finance Minister, Pravin Gordhan, will take to the podium on 22 February and present the 2017 / 2018 budget speech. The minister has so far done a commendable job ensuring that the country avoids a sovereign downgrade. The speech will likely carry the same message of fiscal consolidation that has been echoed over the past […]

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