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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: Contrary to our expectations, and indeed that of the market, the MPC opted to keep the repo rate on hold at 6.75%. CPI rose 4.8% y/y in August from 4.6% in July. The FNB/BER Building Confidence Index rose to 35 index points in 3Q17. SSA: Namibia headline inflation remained unchanged at 5.4% y/y […]

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    Jason is the senior industry analyst at FNB. Prior to joining FNB, Jason worked in the Global Markets Research team at Rand Merchant Bank. In his six years with the FirstRand group, he has advised both internal and external clients on how macroeconomic factors will impact developments within the various sectors of the economy. Before joining Rand Merchant Bank, Jason was the Head of Natural Resources research at Accenture, a global management consultancy. He holds a PhD in Anthropology from the University of the Witwatersrand.

    Contrary to our expectations, and indeed that of the market, the MPC opted to keep the repo rate on hold at 6.75%. The tone of the speech was also more hawkish than we had anticipated, with the governor citing several risks to the outlook, chief among them, political noise, currency vulnerability, and the potential for […]

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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.

    Household Sector Debt-Service Risk rises slightly in the 2nd quarter of 2017 Examining recent years’ of improvement in both the Household Sector Debt-to-Disposable Income Ratio (decline) as well as the Household Sector Net Savings Rate (rise), it would appear that weak consumer confidence levels in a stagnant economy are encouraging households as a collective towards […]

  • Mamello Matikinca

    August CPI

    Mamello Matikinca

    View Biography

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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.

    Consumer price inflation rose 4.8% y/y in August from 4.6% in July, this was slightly better than our and the consensus expectation of 4.9%. The main driver behind the uptick in inflation was (19c/l) increase in fuel prices, which translated to 3.9% y/y rise in transport inflation in August from 1.0% y/y in July .  […]

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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.

    Residential affordability improvements have been tough to achieve in 2017, with weak income growth negating positive impact of slow house price growth Housing affordability improvements have proved to be difficult to achieve. While average house price growth is at pedestrian low single-digit rates, on a quarter-on-quarter basis it outpaced anaemic Per Capita Disposable Income growth […]

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