Consumer Research

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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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    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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    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.

    After ending 2016 on a weakening note, the Residential Mortgage Market could “stabilise” in 2017. Late in 2016, bonded home transactions were in a state of decline, both in terms of volume and value, according to our estimates taken from Deeds data. Other data, such as the Value of New Residential Mortgage Loans Granted, as […]

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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.

      In February 2017, the FNB House Price Index showed slightly slower year-on-year growth compared with the revised January rate, and at 0.8% continues to “bump along the bottom”. However, month-on-month house price inflation has turned slightly positive after a recent bout of deflation, and certain leading economic indicators point to mildly better economic times […]

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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.

    December retail trade sales expanded 0.9% year-on-year, more or less in line with expectations. As had been expected, the month-on-month number dropped sharply, falling -2.3% on a seasonally adjusted basis, largely as a result of preemptive Christmas shopping taking place in November, particularly on Black Friday. Clothing sales were the dominant driver of the expansion, […]

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