Economics Weekly

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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: Inflation data out this week reflected the weak economic growth backdrop and lack of consumer demand. The lower inflation prints (CPI and PPI) were, however, not enough to persuade the monetary policy committee to adopt a firmly dovish tone given that there are still significant risk events ahead. SSA: In Namibia preliminary NSA […]

  • Mamello Matikinca

    April 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.

    Consumer price inflation staged its first return within the SARB’s target band since August last year, printing 5.3% y/y  in April from 6.1% in March. This notable improvement was largely due to a decline in goods inflation, food in particular, which printed lower than our estimate of 7.4%.  Food inflation rose 6.7% in April from […]

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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% […]

    • Date of birth:
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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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