Africa

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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.

    Highlights SA: Consumption data was the focus of this week. March retail trade sales expanded 0.8% y/y, the first positive print for the year. It was, however, not enough to drag the sector into positive territory for the quarter. SSA: The Bank of Zambia cut interest rates by 150 basis points to 12.5%. The reduction […]

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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: Mining production ended the quarter on a very strong note with March volumes up 15.5% y/y and 3.7% m/m. Manufacturing production in March, however, increased just 0.3% y/y. SSA: Tanzania headline inflation remained unchanged at 6.4% y/y in April, while Ghana headline inflation edged slightly higher to 13% y/y in April from 12.8% […]

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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: Data released over the week is in line with our expectations of faint economic growth this year. SSA: Zambia headline inflation remained unchanged at 6.7% y/y in April, while Mozambique headline inflation climbed even higher in March increasing 21.6% y/y. Global: The Eurozone and UK Markit manufacturing PMI readings increased further in April […]

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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: South Africa’s inflation trajectory continues to moderate with March CPI printing at 6.1% y/y, down from 6.3% in February. SSA: Swaziland headline inflation decelerated to 6% y/y in March from 6.8% the month before. Global: China GDP advanced 6.9% y/y in 1Q17, slightly higher than the 6.8% posted in 4Q16, and comfortably above […]

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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: On the whole, data out this week was mixed but points to broad weakness. Manufacturing production dropped precipitously in February, declining -3.6% y/y. February’s retail trade sales contracted by -1.7% y/y from -2.3% in January. Mining volumes jumped 4.6% y/y in February, from 1.4% in January. SSA: Mozambique cut their policy rate by […]

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