Category Archives: Monthly commentary

Download PDF Loss of Fed independence may be a matter of time Orchestrated attack of independent economic and financial agencies The Trump administration is systematically undermining the credibility of its central bank and statistics agencies. Aspersions have been cast over…
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Download PDF Capital inflows have been battered by headwinds, which may be abating Over the past decade, South Africa has experienced step changes in its capital flow dynamics. In 2015, post Nenegate, investors lost confidence in the country’s fiscal sustainability…
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Download PDF Lowering the inflation target has unique benefits for the long end of the curve Monetary policy uses the policy rate to drive the inflation cycle around a targeted rate. However, changing the target can permanently lower inflation and…
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Download PDF South Africa tables a budget everyone can live with The third iteration of SA’s national budget was tabled on 21 May and is expected to be passed by parliament without opposition. The final version excludes a VAT increase,…
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Download PDF AI Adoption: Why South African Asset Managers Cannot Afford to Wait – Differentiation, not imitation The fundamental key to unlocking AI’s powerful potential within the asset management industry is to employ the technology as a differentiator, not as…
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Download PDF SA GDP growth is likely to disappoint National Treasury’s expected 1.9% South Africa’s GDP growth has averaged 0.7% over the past decade (Figure 1), consistently disappointing analyst and policy makers’ expectations. In its latest budget, National Treasury forecast…
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Download PDF Why European stocks are poised to outshine the United States For a number of years, European equities have lagged behind their US counterparts, plagued by structural challenges and geopolitical uncertainties.  However, recent developments suggest a potential shift in…
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