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Fixed Income Daily: Bond market and currency metrics for African capital markets
Rwanda – Inflation is seen as averaging 5.5% in 2019 from a low of 2.1% in 2018 (primarily due to base effects from a 2017 figure of 8.3%) and oscillating between 5.0% - 5.5% over the medium term. Und...
Daily Africa Insight: An overview of today’s key events and developments
East Africa: Policy easing to halt as cost-push pressures intensify. Ghana: Budget not addressing weak revenue performance. South Africa: Lower oil price to keep inflation and interest rat...
Talking Point: Ghana - Budget not addressing weak revenue performance
Finance Minister Ken Ofori-Atta presented Ghana’s 2019 budget proposal to Parliament on Thursday, November 15. Looking back at the country’s performance this year, the finance minister highlighted tha...
SA Weekly Economic Report: Key developments for the week ended November 16
The JSE All Share Index ended lower for the second straight week, in line with weaker global equity prices. Rand hedges had a tough week as the South African currency edged stronger and Sasol fell sha...
Talking Point: South Africa - Lower oil price to keep inflation and interest rates in check
Markets will keep a keen eye on important local economic events week. On Wednesday, November 21, the October CPI release will be closely watched for any sign of second-round price effects following th...
Weekly Africa Political Risk Report: Overview of the past week’s political developments
DRC: The opposition's fleeting moment of unity (Nov 13). Ethiopia: Dramatic arrests raise hopes for change, fears of purge (Nov 14). Ivory Coast: From our Annual Country Profile (Nov 13). ...
Talking Point: South Africa - First real salvo in the battle for the soul of the constitution
In a move that came as a stunning surprise to absolutely no one the Joint Constitutional Review Committee on Thursday, November 15, adopted a resolution that Section 25 of the constitution be amended ...
Ethiopia: Talking Point: East Africa - Policy easing to halt as cost-push pressures intensify
Consumer price inflation eased across the board in the major East African economies during October, although reprieve will be temporary as cost-push pressures will accelerate towards year-end. With th...
SA Daily Economic Report: Morning Market Update
Parliamentary committee endorses EWC US retail sales momentum is slowing US core import price inflation is benign ZAR shines amid improved EM sentiment
Fixed Income Daily: Bond market and currency metrics for African capital markets
Mauritius – The marginal rate on the 4.42% 3-year note rose on Thursday. We expect real GDP growth to increase slightly to 3.9% this year, while the real economy is seen as expanding at 3.9% over 2018...
Daily Africa Insight: An overview of today’s key events and developments
Ghana: Inflation trends lower in October, Libya: Meeting for meeting’s sake, Morocco: Fitch affirms investment-grade rating
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#Ghana’s 2019 budget projects the deficit will widen to 4.2% of GDP. While not immediately raising alarm in terms of debt sustainability, the budget is on the optimistic side and leaves the country more exposed to a revenue-side shock.
#SouthAfrica A notably improved CPI outlook for 2019, driven by significant fuel price declines expected in December, should provide the Sarb with some room to maintain the repo rate at the current level.
In #SouthAfrica a Joint Constitutional Review Committee has voted to amend the constitution so that land can be expropriated without compensation. Constitutional change to facilitate an overtly party-political agenda is dangerous.
Consumer price inflation eases across the board in most major #EastAfrica economies in October. Price pressure expected to build in coming months, and the monetary policy loosening cycle across most of the region has come to an end. #Rwanda #Ethiopia #Tanzania #Kenya #Uganda
Fitch affirms #Morocco investment-grade rating at BBB- with a stable outlook. Macroeconomic stability is accompanied by social tensions and some fiscal concerns.
#Libya’s main political actors met in Italy earlier this week but all that seemed to result was an agreement to meet again early next year. Elections, meanwhile, have seemingly been postponed until spring but that deadline will likely be pushed further back when the time comes.
Elize Kruger - There has been a lot of supply in the US and OPEC has upped their production in conjunction with moderating demand - there is a scenario of over-supply. sabcnews.com/sabcnews/lower… via @SABCNewsOnline
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