GDP Data, Fitch Upgrade: Growth Remains Biggest Challenge The latest GDP data and credit rating upgrade from Fitch Ratings provide welcome confirmation that the economy is gradually moving in the right direction. However, economic growth remains the biggest obstacle to job creation and stronger investor confidence. South Africa’s gross domestic product (GDP) grew 0.5% quarter-on-quarter in the first three months
Interest Rate Hike Places Further Pressure on Households The South African Reserve Bank’s decision to hike interest rates highlights the growing inflation risks currently building both globally and locally, with South African households now facing even greater financial pressure. Reserve Bank governor Lesetja Kganyago announced on Thursday afternoon that the interest rate has been increased by 25 basis points to
WORKERS’ DAY INTERVIEW WITH THYS VAN ZYL ON eNCA Is Workers’ Day still a celebration, or a stark reminder of lost economic opportunity? Thys van Zyl recently joined eNCA to discuss the health of South Africa’s economy. With general unemployment over 40% and youth unemployment exceeding 50%, he highlighted that a system in decline cannot be celebrated. To reverse this
Everest to Launch R20 Billion Capital Markets Programme as Demand for Private Credit Investments Accelerates in South Africa Everest has announced the establishment of a R20 billion Domestic Medium-Term Note (DMTN) Programme listed on the Cape Town Stock Exchange (CTSE), positioning the firm as an emerging participant in South Africa’s expanding private and structured credit investment market. Read more at Business
SA se grootste risiko nie inflasie nie, maar stadige uitvoering Die Reserwebank sal na verwagting die rentekoers onveranderd hou wanneer sy monetêrebeleidskomitee later die week vergader. Die konflik in die Midde-Ooste het die onsekerheid rondom die inflasietrajek laat toeneem. Thys van Zyl, uitvoerende hoof van Everest Advisory Services, meen die land se grootste ekonomiese risiko is nie inflasie nie, maar
SA’s biggest risk is not inflation, but slow implementation The South African Reserve Bank is expected to keep interest rates unchanged when its Monetary Policy Committee meets later this week. The conflict in the Middle East has increased uncertainty around the inflation trajectory. According to Thys van Zyl, CEO of Everest Advisory Services, the country’s biggest economic risk is not