• 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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    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.

    Estate Agents point towards a very slight rise in domestic home buying by foreigners in the 1st quarter.  However, it is perhaps less about cost and more about sentiment. And, while sentiment towards South Africa is not very positive at present, the strengthening in the Rand since its Nenegate shock in late-2015 in part reflects […]

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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: Advtech (Full Year Results): Management expects headline earnings per share (HEPS) to rise by between 37% and 42% y/y. This implies that growth will be behind 1H16 (+49%). While the slowdown in bottom-line earnings was disappointing, these numbers still point to a […]

  • Mamello Matikinca

    Mamello Matikinca

    View Biography

    • Date of birth:
    • Lives in:
    • From:
    • Studied:

    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.

    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 […]

    • Date of birth:
    • Lives in:
    • From:
    • Studied:

    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.

    Is Secondary home buying starting to tick up a bit again? As with many other of our indicators….mild signs but nothing conclusive   Due to the largely non-essential nature of secondary home buying, it is typically more cyclical than primary residential buying. A rise in the estimated percentage of secondary home buying would thus be […]

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