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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.

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    Although the trends and patterns emanating from Gauteng sub-regions are not strong ones at present, we believe that the message emanating from the 3 Gauteng Metros Sub-Region House Price Indices is that the most recent sweet-spot is neither at the highest or the lowest-priced end, but somewhere in the “relatively affordable” middle where new middle […]

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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.

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    At 5.1% y/y (previously 5.4% in May)  headline inflation  in June printed in line with our expectations. Core inflation stabilized at 4.8% y/y. Over the month inflation rose 0.2%.  Housing and utilities was the biggest contributor to inflation- actual rentals and owners’ equivalent rent rose 1.4% m/m and 1.3% m/m respectively. This translated into a […]

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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 […]

    • Date of birth:
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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.

    The level of homes being resold at values below their previous purchase price has risen mildly in recent months, but still remains “moderate” by historic standards. Although not yet at “high levels”, a rising trend in the incidence of resale price deflation is important for mortgage lenders and home owners alike, because it reflects a […]

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    Daniel is the CEO of Core Lending at FNB Business, which forms part of the FirstRand Group, a financial services provider in South Africa. Daniel has been part of the Group since 2002 and is especially proud of his track record in FNB where he has helped deliver innovative solutions. Daniel is married and loves spending time with his three children. He is a passionate sportsman and enjoys cycling and golf.

    Businesses are navigating a tough economic climate – consumers are being forced to tighten their spending and South Africa’s growth forecasts are expected to be very low in comparison to prior years.  It’s a context that lends itself to a tighter credit environment and shopping around for favourable interest rates and repayment terms. It’s difficult […]

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