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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.

    South Africa’s inflation trajectory continues to moderate with March CPI printing at 6.1% y/y, down from 6.3% in February. The month-on-month increase was 0.6% (from 1.1% in the prior month). The biggest contributor to the headline inflation number was again food and non-alcoholic beverages (1.5ppts), although this eased from 1.7ppts in February, and was largely […]

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    Sizwe Nxedlana Chief Economist at First National Bank. Prior to that he was a Senior Economist in FNB’s Wealth segment where he was involved in macroeconomic and investment research and is a member of the investment and asset allocation committees. Before joining FNB Wealth he was an economist at FNB Commercial. He began his career at the Bureau for Economic Research in Stellenbosch followed by a stint at Kagiso Trust Investments. He completed a Bachelor of Commerce degree majoring in Philosophy, Politics and Economics from the University of Cape Town and a Master of Commerce degree in economics from the University of KwaZulu Natal.

    THE prospect of a recession is rearing its head. The last time South Africa entered a recession (the only time as a democratic state) was in the first quarter of 2009, as the global financial crisis wreaked havoc on developed and emerging markets. A recession is defined as two consecutive quarters of negative economic growth. […]

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    Sizwe Nxedlana Chief Economist at First National Bank. Prior to that he was a Senior Economist in FNB’s Wealth segment where he was involved in macroeconomic and investment research and is a member of the investment and asset allocation committees. Before joining FNB Wealth he was an economist at FNB Commercial. He began his career at the Bureau for Economic Research in Stellenbosch followed by a stint at Kagiso Trust Investments. He completed a Bachelor of Commerce degree majoring in Philosophy, Politics and Economics from the University of Cape Town and a Master of Commerce degree in economics from the University of KwaZulu Natal.

    It was only a matter of time. Apart, perhaps, from the swiftness with which S&P acted, a sovereign downgrade to South Africa’s foreign and local currency credit ratings had broadly been anticipated. Fitch and Moody’s are likely to follow suit, the latter after a one to three month review period. To be fair to the […]

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    Sizwe Nxedlana Chief Economist at First National Bank. Prior to that he was a Senior Economist in FNB’s Wealth segment where he was involved in macroeconomic and investment research and is a member of the investment and asset allocation committees. Before joining FNB Wealth he was an economist at FNB Commercial. He began his career at the Bureau for Economic Research in Stellenbosch followed by a stint at Kagiso Trust Investments. He completed a Bachelor of Commerce degree majoring in Philosophy, Politics and Economics from the University of Cape Town and a Master of Commerce degree in economics from the University of KwaZulu Natal.

    In line with expectations the Reserve Bank opted to maintain the repo rate at 7%.  The decision came despite an upward revision to the Bank’s inflation forecast – the SARB now expects the inflation rate to average 6.2% relative to the 5.8% pencilled down at the end of last year. Furthermore, inflation is expected to […]

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    Sizwe Nxedlana Chief Economist at First National Bank. Prior to that he was a Senior Economist in FNB’s Wealth segment where he was involved in macroeconomic and investment research and is a member of the investment and asset allocation committees. Before joining FNB Wealth he was an economist at FNB Commercial. He began his career at the Bureau for Economic Research in Stellenbosch followed by a stint at Kagiso Trust Investments. He completed a Bachelor of Commerce degree majoring in Philosophy, Politics and Economics from the University of Cape Town and a Master of Commerce degree in economics from the University of KwaZulu Natal.

    Consumer confidence index not as bad as the ’80s, but it’s not far off Following an improvement in the third quarter, the FNB / BER consumer confidence index slipped to negative 10 in the final quarter of last year. The third quarter surge was largely attributed to growing optimism about the future of the economy […]

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